NLB gearing up for the challenges in uncertain times

CEYLON TODAY | Published: 2:00 AM Sep 26 2020
FT NLB gearing up for the challenges in uncertain times

The National Lotteries Board established under the Finance Act 11 of 1963, replacing the Hospital Lotteries has a proud existence of more than five-and-a -half decades. With its ‘mission’ a socially responsible esteemed organisation marching towards a wonderful country with a competent and committed staff whilst earning customer trust ensuring achievement of their aspirations through the introduction of innovative lotteries using modern technologies, and with the ‘vision’ to be the leader creating State investment through the contribution of all communities aimed at socio-economic development of the country. Functions under the Ministry of Finance and the guidance of Prime Minister Mahinda  Rajapaksa who is committed to achieve goals set by President Gotabaya Rajapaksa. 

The NLB markets many lotteries and maintains an effective islandwide network of agents and sellers from whom the mainly livelihood is the sale of lottery tickets. While creating employment opportunities mainly for the underprivileged and even for those with special needs it helps the State to minimise the issue of unemployment. 

The NLB is the highest contributor to the consolidated fund supporting the non-tax revenue earnings for  the Government. NLB has contributed Rs 1,301,766,412.00 for the consolidated fund upto  August 2020 even with the challenges faced during the Covid-19 pandemic situation. Moreover, it is  involved in many nationally important Corporate Social Responsibility (CSR) activities including substantial  donations to events such as Kandy Esala Maha Perahera, Katharagama Devalaya annual Perahera, Kotte Rajamaha Viharaya, Bellanvila Rajamaha Viharaya and Sabaragamuwa Maha Saman Dewalaya. 

It is also noteworthy that it had worked hard amidst challenges posed by COVID-19 by taking steps to make the impact bare minimum.

 NLB has contributed Rs 25, 000,000 to COVID-19 funds to support the National agenda in fighting against COVID–19. Also we donated cash to three hospitals during this pandemic period, those were Homagama Base Hospital Rs 500,000, Tangalle Base Hospital Rs 500,000, Castle Hospital  Rs 100,000. There are around 20,000 direct stakeholder networks from sellers, agents and the large-scale distributors who involves with selling lotteries across the island and their livelihood was affected with the discontinuation of the lottery sales during the pandemic period. NLB has carried out a project to help this network by distributed Rs 42,810,000 among agents and sellers during the COVID pandemic. 

During the first eight months of 2020, There have been 20 lucky super Prize winners, 168 Rs 2 million winners 232 Rs 1 million winners and the total number of winners during 2020 , the total prize money distributed was Rs 1.5 million. Following its vision NLB believes that creating more and more winners will help the community to bring their dreams to a reality. 

The current Chairman Lalith Piyum Perera is an Attorney-at-Law who is highly commended for his innovative initiatives and achievement has, with an active Board of Directors comprising Kelum  Priyankara Liyanage, D.D. Jayasiri, H.C.D.L. Silva (Director/Treasury Representative) alone with the Management and staff of NLB a visionary view, to achieve organisational objectives. A revenue target of Rs 23 billion has been set for 2020. The Chairman and the new board of directors is confident and have laid out the plans to take the challenges in the current business environment and drive the National Lotteries Board to new heights.

CEYLON TODAY | Published: 2:00 AM Sep 26 2020

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