The House of Representatives in Nigeria has taken a firm stance to address the pervasive issue of sports betting that affects approximately 60 million Nigerians, predominantly aged between 18 and 40. This move is driven by the alarming rise in mental health problems, financial struggles, and social issues stemming from unchecked sports betting activities.

According to Rep. Kelechi Nwogu, the current regulatory framework for sports betting is inadequate, leading to a surge in mental health concerns such as depression, anxiety, and addiction. The negative impact extends to strained relationships, financial turmoil, legal entanglements, and job loss, often culminating in crime and even suicide.

In response to these pressing concerns, the House is calling for a comprehensive nationwide campaign led by the Federal Ministry of Information and National Orientation. This initiative aims to raise public awareness about the detrimental effects of youth participation in sports betting.

Additionally, the House has entrusted the Committee on Inter-Governmental Affairs with the task of organizing a Public Hearing to delve into the hazardous repercussions of sports betting in Nigeria. The committee is expected to present its findings and recommendations for further legislative action within four weeks.

Data from the National Lottery Trust Fund reveal substantial financial implications, with Nigerians reportedly spending an estimated 975 million dollars daily on online sports betting, amounting to about 356 billion dollars annually. The House’s resolution underscores the urgency of addressing this issue and hints at the far-reaching impact of sports betting in the country.

As Nigeria grapples with the multifaceted fallout of unregulated sports betting, the proactive measures taken by the House of Representatives mark a significant step toward safeguarding the well-being of millions and fostering a more balanced and informed approach to gambling practices.