Social media influencer, Reno Omokri, has urged President Bola Tinubu to ban sports betting apps in the country.
According to Omokri, a ban on sports betting apps could even help improve the value of the Naira.
Omokri, who quoted the National Lottery Trust Fund. lamented that “$1 billion is spent on gambling daily in Nigeria.”
The media influencer expressed his views in a series of tweets shared via his X profile 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 former Special Assistant to erstwhile President Goodluck Jonathan stated that an average Nigerian spends “$15 daily on sports betting and other types of gambling.”
Omokri noted that despite the high rate of gambling in the country, the “vast majority of that amount” is leaving the shores of the country into foreign nations, compared to the nation’s externally generated revenue.
“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.”
