As the launch of Woskybet in Abuja approaches on October 4th, Managing Director Ismaila Yusuf Atus has sounded the alarm on the crippling effects of multiple taxations on betting businesses in Nigeria.
Atus revealed that both state and federal governments impose exorbitant taxes on betting firms, suffocating their operations. This double taxation burden is then passed on to subscribers, making it difficult for businesses to thrive.
Despite these challenges, Atus remains optimistic about the industry’s potential. “Betting has empowered many Nigerians, providing meaningful employment and fortunes for some,” he noted.
Woskybet, set to revolutionize the betting landscape, promises:
– Competitive odds and generous bonuses
– Extensive coverage of international and local sports events
– Real-time score updates and live betting
– Secure payment systems and instant payouts
– Dedicated customer support
Atus welcomed the Supreme Court’s ruling empowering states to issue licenses to betting companies, citing Lagos, Cross River, Imo, and Oyo as pioneers.
Woskybet has already created 100 jobs, with plans for expansion. “We’re committed to providing a safe, secure, and thrilling betting experience for Nigerian sports enthusiasts,” Atus assured.
Will Woskybet’s innovative approach change the game for Nigeria’s betting industry? Only time will tell.
