InvestorsHub Logo
Followers 24
Posts 8951
Boards Moderated 0
Alias Born 10/17/2015

Re: None

Monday, 07/24/2017 8:11:22 AM

Monday, July 24, 2017 8:11:22 AM

Post# of 298910
Emailmoni now a major player in Nigeria! Sports-betting is legitimate and legal, in Nigeria, and Bet9ja pays on time--the largest of the betting operators. UBA Emailmoni is now a part of that, prominently advertised. Sports betting jobs, and sub-contracted entrepreneurs, are a further aid in ending the Nigerian recession--expected to end this year. Just getting ready for Bet9ja use of UBA Emailmoni: May explain a July spike in app downloads, shown at a tracking analytics service. UBA Emailmoni will be associated with Bet9ja's national integrity of operations. National Daily News excerpt:
__________________________________________
Given Nigeria’s recession and high unemployment figures, the creation of jobs by the private sector is critical and in this regard, the impact of sport betting has been profound. With some big companies running nationwide operations, while others focus on maximizing their reach regionally, the industry has created thousands of jobs directly and indirectly. Big companies have staff strength running into hundreds but through their associate networks, they offer agents a source of livelihood through affiliate partnerships as they earn money through commissions. Joseph Chukwu, a graduate and shop owner in Ikorodu, says sport betting has been a lifesaver. “There are no jobs in the country even for qualified graduates,” he said. “Rather than sit on my thumbs, I decided to set up my shop as an agent and earn money through commissions. Initially I thought of it as something to do while something bigger came along but now I’m focusing on building a chain of shops and being a mogul of sorts. It may sound crazy but I’ve gone from looking for a job to actually building a business.”

. . . . .thinks the employment issues and high rate of poverty means that the chance to earn a living from sports betting can hardly be ignored. “Majority of Nigerians live below the poverty line and any activity that can legitimately turn a small amount of money into large sums will always be appealing.” . . . . sentiments are backed by the many instances when Nigerians have fallen victim to fraudulent multi-level marketing and pyramid schemes. Given the legitimacy of sport betting, its appeal is ostensible.

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.