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According to the Governor, the Master Plan and Policy are
aimed at “increasing our share of the African gaming market to at least 30% and
solidify the status of Lagos as a key player in the rapidly growing industry,
and are, according to him, largely being propelled through the Public-Private
Partnership (PPP) model.
Sanwo-olu disclosed this at the commencement of the African
Gaming Expo, “AGE 2024”, organised by African Gaming Expo Limited, in
collaboration with the Lagos State Lottery and Gaming Authority, held at the
Expo Center, Eko Hotel and Suites, VI, Lagos.
He added that the policy and Master Plan were designed to
make the sector not only a huge revenue earner but a model for economic
regeneration.
Welcoming the gathering of local and international guests
and partners in the Gaming and Allied Industry from all over the globe to
Lagos, Sanwo-Olu also said he looked forward to fruitful deliberations that
would culminate in new ideas and strategies that will lead to the full
realisation of the socio-economic potentials of the gaming, entertainment, and
tourism industry in Africa, adding that the central Theme of the Expo:
“Exploring the Future of the Africa Gaming Market: Emerging Trends, Prospects, and
Opportunities” is apt and speaks directly to the key objectives which the Expo
is set to achieve”. This, he said, was “against the backdrop of the relatively
nascent nature of the industry on the continent.
The event brought Gaming Stakeholders across the globe
together to discuss and examine the Regulatory Frameworks, Emerging Trends,
Challenges, Opportunities, and Prospects in the Africa Gaming Market and the
gaming value chain.
The Governor added that it also provides a unique
opportunity to review the present industry practices against global best
standards and chart a new course for the future of the Gaming market in Africa,
which is currently estimated at $ 7.8 billion.
Expressing delight that the “greatest ever held gaming fair
on the continent of Africa is held in Lagos,” Sanwo-olu equally said the
sub-theme of the Expo – “Entertainment, Gaming, and Tourism: A Nexus for
Economic Growth” would appear more germane as it speaks to the integral part of
the State’s economic agenda and priorities.
“Convening the African Gaming Expo in Lagos could not have
come at a better time as it portends to strategically reinforce the State
Government’s Development Agenda as encapsulated in T.H.E.M.E.S+ Agenda,
specifically the sixth pillar – Entertainment and Tourism.” the Governor
enthused.
“This Expo would provide our partners insight into the
investment opportunities waiting to be explored in our Entertainment, Gaming
and T, and tourism industry in the State.
He also commended the organisers, particularly the promoters
of the grand; the Lagos State Lotteries and Gaming Authority, Lagos State
Ministry of Tourism, Arts, and Culture, Federal Ministry of Tourism, Culture
and Creative Economy of Nigeria, Federation of State Gaming Regulators of
Nigeria, International Association of State Gaming Regulators (IAGR),
International Gaming Standards Association (IGSA), Gambling Commission, United
Kingdom, Malta Gaming Authority, Botswana Gambling Authority, Ghana Gaming Commission,
and the Deputy Governor, County of Narok, Kenya for their hard work,
dedication, and commitment which made possible the organization of the maiden
edition of gaming expo in Lagos.
Speaking to journalists at the event, the Lagos State
Lotteries and Gaming Authority, Bashir Aare, said the event is meant to expose
the Lagos youth to opportunities in the gaming industry. This posits that the
African youth need not consume Western-originated products alone, but must be
prepared to become active players, invent innovations, and earn from the global
gaming market.
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