Nigeria’s gaming industry faces transformative year in 2024

Nigeria’s gaming industry witnessed transformative shifts in 2024, marked by regulatory changes, rising local talent, and leadership transitions.

This year saw landmark legal rulings, pivotal leadership shifts, and unexpected controversies shaping the landscape. The Supreme Court’s ruling in favour of Lagos over the National Lottery Act of 2005 ended the Federal Government’s monopoly over lottery operations, giving states the authority to independently manage their lottery businesses, except for the Federal Capital Territory.

This move symbolised a significant power shift within the sector.

At the Oyo State Gaming and Lottery Board Interactive Forum, Nseobong Okon-Ekong, founder of GAMING WEEK, received a Special Recognition Award for his pioneering media contributions.

On the global stage, Nigeria secured its place among the top 56 countries in the International eSports Federation ranking. This achievement reflected Nigeria’s growing reputation in the eSports community, bolstered by local initiatives such as 10N8E’s influential tournaments.

AfricaComicade’s Gamathon also stood out, bringing together gaming enthusiasts and developers from across the continent. Delegates from countries such as South Africa, Kenya, and Ethiopia collaborated at the six-day event, highlighting Africa’s emerging role in gaming innovation.

In a significant career move, Bimpe Akingba, a former executive with the Association of Nigerian Bookmakers, joined Mchezo as the regional manager for Africa’s business development.

Leadership in the Association of Nigerian Bookmakers shifted with Sheriff Olaniyi appointed as Chairman, while the National Union of Gaming and Lottery Workers faced organisational challenges, with delays in leadership elections affecting its ability to meet member needs.

Comrade Tosin Adeyanju replaced Dr. Bello Maigari as Executive Secretary of the National Lottery Trust Fund (NLTF), bringing fresh leadership aimed at improving the Fund’s social development projects.

BetKing gained attention through an aggressive marketing campaign, positioning itself as a key market player. On the other hand, Betano’s entry into the Nigerian market highlighted the challenges faced by foreign operators navigating the country’s competitive gaming sector.

Bet9ja’s legal battle with the Economic and Financial Crimes Commission (EFCC) raised concerns about the regulatory environment, with charges related to illegal lottery operations in Sokoto.

Despite these developments, the Ministry of Special Duties saw a reshuffle, with Zephaniah Jisalo maintaining his position, while the overall trajectory of Nigeria’s gaming sector in 2024 showcased both progress and ongoing challenges.

Source: samaa.tv

About Post Author

Samuel

I am a journalist specializing in gambling in Africa and around the world. I am particularly interested in stories about games and casinos.

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Samuel

I am a journalist specializing in gambling in Africa and around the world. I am particularly interested in stories about games and casinos.