Social media personality Reno Omokri has called upon President Bola Tinubu to ban sports betting applications within the country, suggesting that such action could potentially enhance the value of the Naira.
Omokri referenced the National Lottery Trust Fund, highlighting his concern over the daily expenditure of $1 billion on gambling in Nigeria. He articulated his stance through a series of tweets posted on his profile, X, on Wednesday.
His tweet read, “President Tinubu can immediately improve the economic conditions of most Nigerians and make the Naira grow by issuing an Executive Order authorising the Nigerian Communications Commission to ban sports betting apps from the App Store of any GSM Internet Service Provider in Nigeria and revoking the licenses of any physical sports betting operators in Nigeria. It makes better sense than Buhari’s draconian #TwitterBan.”
The ex-Special Assistant to former President Goodluck Jonathan highlighted that the typical Nigerian spends approximately “$15 daily on sports betting and various forms of gambling.” Omokri pointed out that despite the significant prevalence of gambling in Nigeria, the majority of these funds are flowing out of the country to foreign nations, surpassing the revenue generated externally for the nation.
“This is scary. How much is our GDP that we are pissing it away like that? More money is leaving Nigeria through gambling than is coming in,” he wrote.
Omokri cautioned., “The Naira can never sustain its rally under such circumstances.”
The tweet stated further, “There is such an epidemic of gambling in Nigeria and it is destroying Nigerian youths. $1 billion is spent on gambling daily in Nigeria, according to the National Lottery Trust Fund. Please fact-check me.
“The average Nigerian spends $15 daily on sports betting and other types of gambling, with the vast majority of that amount leaving our economy and going to places like Russia, South Africa, and Europe. The Naira can never sustain its rally under such circumstances.”
In his statement, Omokri additionally appealed to Tinubu to take action on what he perceives as a threat to national security—the widespread gambling issue. He also denounced the illicit methods employed by certain Nigerian youths to finance their gambling addiction.
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