The Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun, yesterday presided over the inaugural meeting of the Joint Committee for the Implementation of the Revenue Assurance Platform (RAP), which will oversee reforms in Nigeria’s lottery and gaming sector. The meeting launched Project Phoenix, a transformative initiative designed to enhance revenue generation and collection in the industry.
Project Phoenix aims to establish a transparent and efficient revenue collection system that maximizes government earnings and protects citizens from fraud. The project will also strengthen regulation, ensure compliance, recover outstanding revenues from operators, and implement advanced monitoring systems to safeguard consumers.
The project’s key deliverables include the successful implementation of the Revenue Assurance Platform (RAP), recovery of outstanding revenues, and policy recommendations to further improve the sector.
In his remarks, the Honourable Minister emphasized the importance of boosting domestic resources to support Nigeria’s economy and social programmes. He underscored that the lottery and gaming sector, through RAP, will ensure transparent revenue collection while protecting consumers from fraudulent activities.
He urged all committee members to work collaboratively, assuring them of his full support in achieving the project’s goals.
Attendees at the meeting included:
1.Tosin Adeyanju – Executive Secretary, NLTF
2.Agboro Michael – ICPC
3.Ebelo Friday – EFCC
4.Mohammad Jiya – NFIU
5.Dare Daramola
6.Barr. Yakubu Bello Bashir – Byuan Resources
7.Comrade O. Ogenyi – Byuan Resources
8.Jummai Katagum – FMF
9.Ayodeji Odusote – FMF
