Equatorial Guinea considers national lottery
Government ministries met to review a preliminary feasibility study for a national lottery.
The ministries of Finance and Tourism in Equatorial Guinea have met to review a preliminary feasibility study for the creation of a National Lottery. The meeting, led by Deputy Finance Minister Milagrosa Obono Angue, examined the legal framework, economic implications, and tax obligations of such an initiative.
Officials also discussed ensuring the lottery would serve state interests and benefit the population. To further analyze the project, Obono Angue proposed forming a joint technical commission to refine the proposal and identify areas for improvement.
The commission will review the project's components and validate the final feasibility report. The potential launch of the National Lottery will depend on the outcomes of this evaluation process, which will determine if the proposal meets the necessary legal, economic, and fiscal conditions for implementation.
Why it mattersThe Ministry of Finance and the Ministry of Tourism are evaluating the potential economic and fiscal benefits of establishing a national lottery.