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The National Lottery Trust Fund is an agency established under section 35 of the National Lottery Act 2005 by the Federal Government of Nigeria to facilitate the achievement of national development goals through the promotion of access to lottery funding for good cause projects which are transformational and sustainable, with lasting impact for people and communities. The Trust Fund formally commenced operations 2nd November, 2005 with the appointment and inauguration of its pioneer Board of Trustees.
As a leading advocate of the value of lotteries and as an alternative source of revenue, the Trust Fund will be investing a lot of money raised from lotteries to complement the efforts of government in projects ranging from the provision of basic health-care facilities, learning materials, refurbishment of educational facilities, ecological, resettlement of displaced persons and the provision of world-class sporting facilities.
Empowered to receive a statutory 20% of all lottery proceeds and apply the received funds to projects in the sectors mentioned above, the Trust Fund is accountable to the President, Federal Republic of Nigeria and administered through the Office of the Honourable Minister of Special Duties & Inter-governmental Affairs of the Federation of Nigeria.
