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Western Lotto Brings Int’l Lottery Brands to Nigerian Market

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(L-r): Paul Obazele, Tuface Idibia, Elvis Krivokuca, AY, Ramsey Noauh, Zack Orji and Alex Usifo, present at Western Lotto launch.
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With the support of a UK firm, entertainment and gaming company Western Lotto Nigeria Limited entered the Nigerian market July 10 with five international lottery games and pledged to change the landscape of gaming in the country.

Western Lotto is offering well-known European and American gaming brands on its platform. It is also luring customers to go entirely online, unlike the many other players in the land who offer sports betting on improvised boards for the urban poor.

Games on offer at Western Lotto include Powerball, Euro Millions, Euro Jackpot, UK Lotto and Mega Millions. Powerball is an American lottery game played every Wednesday and Saturday.

Euro Millions is a transnational lottery played across Europe. The Euro Jackpot similarly plays across Europe. UK Lotto is also known as the National Lottery. It has served good causes in the UK.  Draws for MegaMillions hold on Tuesdays and Fridays.

Western Lotto secured the exclusive franchise to operate the games in the Nigerian market. It claims to be the biggest, most equipped and most capitalised gaming company in Nigeria.

Elvis Krivokuca, the Croatian who is managing director, speaks excitedly about the initial response to the brand.

It has hired over ten stars from the Nigerian entertainment industry, including well-known music acts Tuface Idibia and Olamide as well as key players from Nollywood, the Nigerian film industry.

Firms offering lotto and lotteries have grown in Nigeria and other parts of   West Africa. There are no fewer than eight companies in the Nigerian market, each offering a mix of games. There is a strong pull as many of the urban youth play the games. They also create jobs through the many agent locations.

Mr Elvis Krovokuca, managing director, said Western Lotto seeks through its products “to create employment opportunities, wealth and empowerment for people in Nigeria and across Africa.”

He added, “Our mandate at Western Lotto is to bring both fun and hope to the people who choose to play our games. For a few Naira,  we deliver excitement and the possibility to change the story of your life radically.”

A particularly resonant message is the company’s pledge to contribute to the right causes, such as a campaign against rape and support for education, as lotteries elsewhere do.

A Croatian, Krivokuca studied Hotel Management with emphasis on gaming casinos and entertainment business, at the University of Rijeka, Croatia and completed a General Management Programme at the Harvard Business School in 2012. Fluent in German, English and Italian, he has been in Nigeria doing business for over five years.

The technical partnership is with Lot.To, a British company that avers its mission to “change the way people play the lottery”.

A galaxy of stars from three arms of the Nigerian entertainment industry formally endorsed Western Lotto, as it entered the market.   The stars come from Nollywood, music and comedy.

Present at the unveiling of the brand were Olu Jacobs, Jide Kosoko, Zack Orji, Aki and Pawpaw, and Ramsey Noauh. Also present were Paul Obazele, Alex Usifo and Lanre Anjola. Musicians included Tuface Idibia and Olamide while there were also comedian Ayo Makun, popularly as AY.

Present also at the launch were Senators Ben Murray-Bruce, Magnus Abe and Fatima Raji Rasaki. Honourable Segun Oni and Abdulmojeed Adekoya came from the House of Representatives.

Nollywood great Olu Jacob was one of the endorsers at the launch. He recalled playing the lottery during his 20-year sojourn in the UK. “Usually, you play with small stakes with hope in your heart for big winnings. It’s your game, people. Play to win. Play to support good causes. Play for recreation”.

As Tuface Idibia, one of the brand ambassadors stated, “Tell a friend to tell a friend. Let’s have fun. And let the lucky people be lucky. Let us play the games.”

 


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New Horizons Invests N50m to Empower Almajiris with Skills

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New Horizons Nigeria has launched a N50 million initiative aimed at transforming 21 Almajiri children into skilled computer technicians within 90 days, to tackle youth unemployment and harness human potential.

The Almajiri-to-Tech programme, officially launched in Abuja on Monday, provides participants with full training, meals, clothing, tools, and logistics support, all fully funded.

Speaking at the launch, the Chief Executive Officer of New Horizons, Tim Akano, said the programme represents a new journey in the history of Nigeria by restoring the original purpose of the Almajiri system, which he described as “children sent out to seek knowledge.”

“The word Almajiri comes from an Arabic term meaning emigrant and seeker of knowledge. Historically, children were sent to learn morals, responsibility, and skills to add value to society,” Akano said.

He added that the disruption of this system during colonial times forced many children onto the streets, a challenge that persists today.

Akano highlighted the urgency of addressing the Almajiri issue, noting that there are an estimated 15 million Almajiris in the country, with a population growth rate of around three per cent annually.

“If we do not solve this problem as a country, we are sitting on a time bomb,” he warned.

According to him, the programme focuses on hands-on technical skills rather than theory. Trainees will learn to repair mobile phones, laptops, televisions, radios, standing fans, and other electronic devices, as well as build inverter batteries using recycled electronic waste.

“We are not teaching theory. We are teaching practical skills you can use to earn a living,” Akano said, stressing that the programme will not interfere with the participants’ Quranic education.

“We are still going to allow you, within the period of learning. Your learning computer here is not stopping your Quranic education.

“You still have time within our space here. Whenever you want to go and pray, you can pray, then come back to class,” the CEO stressed.

He added that participants will also receive daily meals, water, T-shirts identifying them as technicians-in-training, and access to all necessary tools and equipment throughout the 90-day programme.

Akano said the initiative is part of a larger mission by New Horizons Nigeria, which has spent the past 21 years training about 100,000 Nigerians annually in IT and related skills.

He said the new programme aims to “take human genius off the streets and convert it into human capital, enabling these youths to contribute meaningfully to the economy.”

He added that equipping Almajiris with skills could add 15 million people to Nigeria’s workforce and potentially increase the country’s GDP by as much as $20 billion, stressing that productivity depends on practical skills and opportunity.

“Everything that can be taught can be learned. If someone can memorize the Quran cover to cover, there is nothing that cannot be done. What they lack is information, opportunity, and infrastructure, and we are providing all of that,” Akano said.

Akano also stressed that the initiative is designed to inspire other organizations and government agencies to replicate similar programmes across the country.

“This is not just about 21 children; it is about showing Nigeria what is possible when resources meet intention and planning.

“If we succeed in empowering these Almajiris, we demonstrate that the country can turn social challenges into economic opportunities. It’s a blueprint for Nigeria’s future,” he said, noting that the initiative combines social reform, technical education, and economic empowerment.

Also speaking, one of the trainees, Fatima Umar, appreciated the organisers and promised to maximise the opportunity.

“We’ll make you proud of us. We have nothing to say here but to thank and appreciate you. May Almighty Allah continue to guide and protect you,” Umar said.


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IMF Upgrades Nigeria’s 2026 Growth Projection to 4.4%

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International Monetary Fund has upgraded Nigeria’s 2026 economic growth projection to 4.4 per cent, reflecting improved macroeconomic stability and sustained reforms.

IMF Upgrades Nigeria’s 2026 Growth Projection to 4.4%

IMF

The January 2026 World Economic Outlook Update forecasts Nigeria’s growth trajectory at 4.1 per cent in 2024, 4.2 per cent in 2025, and 4.4 per cent in 2026—a 0.2 percentage point increase from the October 2025 estimate.

This aligns with sub-Saharan Africa’s projected 4.6 per cent expansion in 2026 and 2027, driven by regional stabilisation efforts.

Globally, the IMF anticipates 3.3 per cent growth amid resilient conditions tempered by trade policy shifts and technology investments. For Nigeria, declining energy prices—expected to fall seven per cent due to weak demand—pose risks, though OPEC+ coordination and China’s stockpiling provide support.

Despite the optimism, downside risks persist from Middle East and Ukraine tensions, protectionism, high debt, and fiscal deficits. The Fund recommends rebuilding fiscal buffers, ensuring central bank independence, and limiting temporary fiscal measures to maintain stability.

Nigeria’s success hinges on consistent reforms and resilience against domestic and global shocks, the IMF concluded.


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Nigeria’s Crude Output Falls to 1.486mbpd in November – OPEC

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Organisation of Petroleum Exporting Countries (OPEC) reports that Nigeria’s crude oil production, excluding condensate, dropped by 0.7 per cent to 1.486 million barrels per day (mbpd) in November 2025 from 1.496 mbpd in October.

Nigeria’s Crude Output Falls to 1.486mbpd in November – OPEC

OPEC

The figure, drawn from secondary sources in OPEC’s December 2025 Monthly Oil Market Report, fell short of Nigeria’s 1.5 mbpd quota. Direct communication data showed output at 1.436 mbpd, up from October’s 1.401 mbpd, but still below target.

Nigeria produces around 196,028 bpd of condensate, excluded from quota calculations per Nigerian Upstream Petroleum Regulatory Commission figures. Year-on-year, November’s output marked a slight gain over 1.417 mbpd in November 2024.

Expert Cites Insecurity, Governance Gaps

Petroleum economics expert Wumi Iledare described the quota miss as unsurprising, blaming persistent insecurity, an ageing oil basin lacking new finds, and unoffered hydrocarbon blocks. Governance shortcomings and policy uncertainty further erode investor confidence, he noted.

Selective implementation of the Petroleum Industry Act worsens the situation, with Nigeria needing a single authoritative leader for the sector rather than multiple proxies, Mr Iledare stressed. The country has struggled to consistently hit OPEC targets for years.


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