E-Business
Job Opportunities in Lottery Are Limitless – Says Expert
As the unemployment rate in the country to exacerbate, it has a domino effect on all sectors of the economy.
The Nigerian Bureau of Statistics has put the figure at 13.9%, revealing that the number of unemployment percentage in the labour market has surged by 555,311 persons.
However, to proffer panacea to the unemployment challenge in the country, expert has described lottery as a tool with diverse opportunities to end the scourge.
Enumerating these opportunities, Niyi Adekunle, MD/CEO of Lotgrand, operator of Grandlotto and FirstBet, said that job opportunities in lottery are limitless; adding that the technology aspect of lottery business offers more jobs than one can imagine.
According to him, “The thermal paper used daily in the business is more than 30,000 rolls. These are imported from overseas. Likewise, the points of sales [PoS] terminals are also imported.”
The industry, he said, is wide enough to the extent that it can generate employments for specialists. “The terminals commissioned daily are exposed to wear and tear. These terminals will be out of service someday. They would need repairs. Expertise is required in that area and more jobs can be created as a result”, he said.
Adekunle said that if the lottery industry is managed well, it would contribute to the advancement of the economy to the magnitude that it would be difficult for the country to recede into economic recession again.
He therefore cited Croatia as a country that in 2015 funded 19% of its budget with revenue accrued from lottery. He said that ‘‘the current high patronage noticed in lottery by more Nigerians is not because of the economic recession as it is commonly speculated’’, insisting that the ‘’economic recession is a recent occurrence.”
He listed Morocco, Dubai, China and Singapore and other countries that are frontline lottery nations ‘’are not in economic recession’’. For about four years, he noted, lottery was the major source of funding for Croatia. “Lottery generates huge revenue in Croatia. In Asia, the continent earns billions of dollars from lottery. So it is all about planning and putting in place good policies.”
He explained that with London’s population of 8.6 million people, there are 38 companies running lottery and sports betting. “That is why the 2012 London Olympics Games was solely financed by revenue from lottery”, he revealed.
According to him, playing lottery has become a pastime worldwide, as it has taken a different dimension in China, Japan, Hong Kong, and Singapore. These countries churn out volumes in revenue more than the United Kingdom. “China is not in recession. In our contemporary world, no economy has grown as fast as that of China”, he said.
To buttress this, he informed that under the leadership of Seun Anibaba, CEO of Lagos State Lotteries Board, the board has continued to provide support funding for some of the state’s developmental projects using revenue accrued from lottery.
Some of these projects include investment in security gadgets to enhance security in the state, renovation of secondary, primary schools, and hosting of Lagos carnival.
On the policies that guide the game of lottery in the country, Adekunle advised states and federal governments to close ranks and present a common ground regarding policy formulation and the policy must be market conscious and business friendly.
Temu, the global online marketplace, has joined the International Trademark Association (INTA) as a corporate member and serves on its Anti-Counterfeiting Committee.
INTA is a global association that brings together more than 6,700 organizations, representing over 37,000 trademark professionals and brand owners across 181 countries. By joining INTA, Temu deepens its commitment to building a trusted online marketplace and advancing global IP protection through broader, cross-industry collaboration.
“INTA welcomes TEMU’s willingness to engage in anticounterfeiting initiatives, including in the Association’s annual Anticounterfeiting Workshop and Online Takedown Certificate Program which serve to share best practices and connect stakeholders,” said Alastair Gray, Director of Anti-Counterfeiting, INTA. “Constructive collaboration with these efforts can contribute to the protection of intellectual property rights for INTA members and support the removal of counterfeit products from the platform which ultimately protects consumers.”
At the 2025 INTA Annual Meeting held in San Diego in May, Temu participated in the Anti-Counterfeiting Committee Roundtable, serving as a moderator to facilitate discussions among brand owners, online platforms, and government officials on emerging technologies, best practices for collaboration, and strategies to strengthen global anti-counterfeiting efforts.
“Joining INTA and serving on its Anti-Counterfeiting Committee reflects Temu’s ongoing commitment to ensuring a trustworthy online shopping experience,” said a Temu spokesperson. “We value collaboration with industry peers and stakeholders and are dedicated to advancing collective efforts in intellectual property protection.”
Temu also participates in INTA-led online workshops, including the Online Platform Notice and Takedown Certification Program, which outlines the latest procedures and best practices used by e-commerce platforms and social media companies. These workshops aim to enhance the quality and accuracy of rights-holder notices, promoting more effective takedown processes and content moderation.
Since launching in 2022, Temu has made significant investments in IP enforcement. Its measures include comprehensive seller vetting and compliance training, 24/7 algorithmic monitoring with manual review, a dedicated IP protection portal and brand registry to streamline takedown submissions, and an internal enforcement team that handles claims with speed and accuracy.
China’s Huawei Technologies unveiled an AI computing system on Saturday that an industry expert said rivals Nvidia’s most advanced product, as the company aims to expand its footprint in the country’s booming AI sector.
The CloudMatrix 384 system made its public debut at the World Artificial Intelligence Conference (WAIC), a three-day event in Shanghai, attracting a large crowd to Huawei’s booth with its showcase of cutting-edge AI innovations.
The system has attracted significant interest from the global AI community since Huawei (HWT.UL) first introduced it in April. Industry analysts see it as a direct challenger to Nvidia’s GB200 NVL72, the most advanced system-level offering currently available from the U.S. chipmaker.
In an April article, Dylan Patel, founder of semiconductor research firm SemiAnalysis, stated that Huawei now possesses AI system capabilities that could surpass those of Nvidia.
Huawei staff at its WAIC booth declined to comment when asked to introduce the CloudMatrix 384 system.
A spokesperson for Huawei did not respond to questions.
Huawei has become widely regarded as China’s most promising domestic supplier of chips essential for AI development, even though the company faces U.S. export restrictions.
Nvidia CEO, Jensen Huang told Bloomberg in May that Huawei had been “moving quite fast” and named the CloudMatrix as an example.
The CloudMatrix 384 system features 384 of Huawei’s latest 910C chips and, according to SemiAnalysis, surpasses Nvidia’s GB200 NVL72 in certain performance metrics, despite the latter using 72 B200 chips.
SemiAnalysis attributes this performance advantage to Huawei’s strong system design, which offsets the lower power of individual chips by leveraging a greater number of them and incorporating system-level innovations.
Huawei describes the system as utilizing a “supernode” architecture that enables ultra-high-speed interconnectivity between chips.
In June, Zhang Pingan, CEO, Huawei Cloud confirmed that the CloudMatrix 384 was already operational on Huawei’s cloud platform.
Transcorp Hotels Plc has delivered a stellar performance in the first half of 2025, recording a 60% year-on-year surge in revenue to ₦47.57 billion, up from ₦29.72 billion in H1 2024. Gross profit climbed 71% to ₦36.21 billion, maintaining a strong 76% margin despite inflation and operational headwinds.
The hospitality giant, a subsidiary of Transnational Corporation Plc, also announced an interim dividend payout of ₦1.024 billion — offering ₦0.10 per 50 kobo ordinary share to shareholders.
In a bold move, the company unveiled Nigeria’s largest corporate venue — the 5,000-seat Transcorp Centre — staking its claim as the new leader in event hospitality. Chairman Emmanuel Nnorom described the results as proof of Transcorp Hotels’ transformative strategies and unwavering investor commitment. MD/CEO Uzo Oshogwe attributed the success to relentless execution and a resilient business model.
Transcorp Hotels, renowned for iconic assets like Transcorp Hilton Abuja and its digital platform Aura, says it isn’t just leading Nigeria’s hospitality sector — it’s redefining excellence across Africa.
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