Are Betting Firms swindling Young Nigerians?
By Achimita Maureen Nyenonor The unemployment crisis in Nigeria has provided another business opportunity for smart entrepreneurs to make money with easy. Betting outlets are found in every nook and cranny of Nigeria especially in low-income settlements as well as online targeting young Nigerian between the ages of 18-40yrs. Signpost of a betting shop ubiquitous across Nigeria (Photo credit: Maureen ) These demographic drive the betting business reported to be worth about two billion dollars ($2bn) about one point five trillion in 2023 (N1.5 trillion Naira) The betting companies are taking advantage of young jobless Nigerians desperate to make quick money by exploiting their addiction to sport and giving them a false hope of winning a fortune if they can predict the outcome of a football match. Ever presence of young Nigerian in betting shops (Photo Credit: Maureen) Peter Yusuf, shared his experience, “I have been spending at least N800 we...