FG indicators MoU with Azare Consulting to develop Nigeria’s gaming trade

The Federal Ministry of Innovation, Science, and Expertise, has signed a Memorandum of Understanding (MoU) with Azare Consulting to boost innovation and regulatory compliance in Nigeria’s gaming trade.

This was disclosed by the Hon. Minister of Innovation, Science & Expertise of the Federal Republic of Nigeria, Uche Nnaji throughout the official signing ceremony in Abuja.

The minister described the partnership as an important transfer to strengthen Nigeria’s gaming trade via a dependable technological framework.

“This partnership is a daring step towards establishing a strong technological framework that can improve the effectivity, credibility, and sustainability of Nigeria’s gaming trade,” he mentioned.

Key highlights of the partnership

A serious goal of the settlement is to ascertain a well-defined authorized framework to information the operations of Nigeria’s gaming sector. By making certain strict regulatory compliance, the partnership goals to curb illicit actions resembling unlicensed operations and fraudulent practices, fostering transparency and equity throughout the trade.

• The partnership additionally focuses on growing trade pointers to streamline gaming operations in Nigeria. These structured insurance policies will function a roadmap for companies, making certain shopper safety, enhancing credibility, and selling long-term sustainable development within the sector.
• Moreover, the settlement goals to unlock new income streams throughout the gaming trade. By fostering a structured and investment-friendly setting, Nigeria hopes to draw world partnerships and worldwide traders, positioning the nation as a key participant within the world gaming market. This transfer is predicted to drive financial development and job creation.
• To additional strengthen the sector, the settlement contains provisions for coaching and capacity-building packages for trade professionals.

These initiatives will bridge data gaps, promote innovation, and equip stakeholders with the mandatory abilities to navigate the evolving gaming panorama. By means of technological developments and improved trade experience, the federal government goals to place Nigeria as a number one hub for gaming innovation in Africa.

Reactions to partnership

The Director Normal of the Nationwide Workplace for Expertise Acquisition and Promotion (NOTAP), Dr. Girl Obiageli Amadiobi, described the settlement as an important step towards modernizing the gaming trade and making certain that expertise adoption aligns with Nigeria’s financial and regulatory goals.

Azare Consulting’s consultant, Saadatu Hamu, emphasised the impression of the partnership on the gaming trade, stating,

“This collaboration will deliver structural integrity and world finest practices to Nigeria’s gaming sector, enhancing transparency and investor confidence.”

The Hon. Minister additional said that the federal government stays dedicated to leveraging science, expertise, and innovation to drive sustainable growth and financial development, including that this settlement is a part of a broader technique to strengthen Nigeria’s digital financial system.