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New Minimum wage likely to push states into bankruptcy — NGF
As the nation awaits the new minimum wage promised to be sent to the National Assembly by President Bola Tinubu, the burden of implementing the minimum wage may make many states bankrupt.
The Federal Executive Council, at its meeting last Tuesday, stepped down a memorandum on the report of the tripartite committee on the new minimum wage, to allow for more consultations among the federal and state governments on one part, the private sector and the labour unions on the other part.
Last Thursday, Tinubu met with the governors at the National Economic Council meeting chaired by Vice President Kashim Shettima. The meeting, which was expected to deliberate on the national minimum wage, was, however, silent on whether or not it considered the issue.
Also last Thursday, the Southern Governors’ Forum released the communiqué of its meeting held in Abeokuta, Ogun State, with the governors asking that each state should negotiate minimum wage with its workforce.
The labour unions have, however, reacted to the stance of the Ni¬geria Governors’ Forum over their overbearing influence on the minimum wage negotia¬tions.
In a document, titled, “Analysis of State FAAC inflows and state expenditure profile,” of the Nigeria Governors’ Forum Secretariat, the NGF report warned that implementing the new minimum wage could push states into bankruptcy due to increased recurrent expenditure.
READ ALSO:
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According to the report, the burden of recurrent expenditure already left Abia, Ekiti, Gombe, Imo, Katsina, Kogi, Oyo, Plateau, Sokoto, Yobe, and Zamfara in deficit in 2022.
The report predicted that if the recurrent expenditure increased by 50 per cent, 13 states would fall into deficit, with only 10 remaining financially stable.
The tripartite committee’s recommendation of a N62,000 minimum wage would necessitate over a 100 per cent increase from the current N30,000, potentially leaving only a few states like Anambra, Bayelsa, Borno, Ebonyi, Gombe, Imo, Jigawa, Kaduna, Lagos, and Rivers with positive net revenues, based on the 2022 fiscal data.
A net revenue is the deduction of recurrent expenditure from the total revenue of the state. When it is positive, it means a surplus, but when negative, there is a deficit.
Also, the total revenue of states is calculated from the monthly revenue from the Federal Account Allocation Committee, internally generated revenue, aids and grants and constituency development funds.
According to the documents, sighted, Abia, with an employment size of about 58,631 workers, pays N5,837,899,980.40 as wage monthly. Anambra has a 20,541 employment size and pays N1,824,851,308.96 monthly as wages, apart from N894,480,399.62 as pension obligation and N579,694,680.33 for debt servicing.
Bayelsa boasts of 48,213 workforce, paying N5,802,435,178.58 monthly, with N1,194,528,784.40 as pension obligation and N3,535,787,992.48 as debt servicing, totalling N10,532,751,955.46 as total recurrent expenditure monthly.
Benue has about 13,366 workers in its workforce and pays N2,040,184,471.85 as monthly wage, N76,838,634.62 for pension, and N64,685,126,826.08 for debt servicing, totalling N66,802,149,932.56 monthly.
Delta has about 50,871 workers, offering N8,973,081,853.50 as wages, N1,499,886,303.39 as pension, and N72,417,433,139.00 as debt servicing, accumulating to N82,890,401,295.89 in a month.
Jigawa has about 44,831 workers in its employ and pays N2,795,662,113.02 as wages, and N345,987,843.12 as a pension, totalling N3,141,649,956.14 monthly on recurrent expenditure.
Katsina, Kwara and Niger have 19,062, 36,048 and 22,225 workers, with accumulated N139,294,944,565.27, N4,457,268,675.54 and N2,653,614,213.35 monthly recurrent expenditure respectively.
According to the document, Abia has a total recurrent expenditure of N111,983,979,958.62, against a total revenue of N147,637,730,867.73.
For Adamawa, the recurrent expenditure stands at N70,369,399,885.57, against a total revenue of N109,722,949,684.65, while Akwa Ibom boasts of a high revenue of N444,288,683,000, with recurrent expenditure of N235,144,539,000.
Of the states, Lagos has the highest total revenue, amassing N1,243,778,878,170 in 2022, with a recurrent expenditure of N621,043,036,000, followed by Delta, with N702,020,717,460.08 and a recurrent expenditure of N377,905,100,451.83.
Rivers amassed N525,588,159,714.88 in 2022, with recurrent expenditure of N186,974,715,774.87; Kaduna had a total revenue of N222,349,875,000 and expenditure of N95,987,999,472.10; Ogun, N297,249,009,626.83, recurrent expenditure of N178,519,010,628.42 and Oyo, with total revenue of N247,156,776,739.70 and recurrent expenditure of N152,077,804,384.65.
Kebbi State had the lowest total revenue in 2022, raking in N92,132,444,588.16 and spent N57,601,464,374.96 on recurrent expenditure, followed by Taraba, with a total revenue of N101,177,283,069.87 and recurrent expenditure of N75,055,201,412.62.
Aside from FAAC allocation, some states recorded poor IGR in the 2022 data compiled by the NGF Secretariat.
Zamfara State generated N6,513,960,477.20; followed by Kebbi, with N8,630,767,122.96; Taraba, N9,744,331,840.01 and Yobe State, with N9,940,554,642.00.
The IGR of Katsina (N12,821,119,042.64), Adamawa (N13,175,774,969.53), Niger (N14,427,373,136.00), Benue (N15,021,223,729.38), Plateau (N15,927,001,739.90) and Imo (N16,711,346,111.18) also showed a poor revenue standing.
Newsmen reported on October 19, 2023, that 15 states have yet to implement the N30,000 minimum wage for their workers since it was signed into law in 2019.
According to BudgiT, though the 15 states were yet to implement the minimum wage of N30,000, the 36 states of the federation grew their cumulative personnel cost by 13.44 per cent to N1.75tn in 2022 from N1.54tn in 2021.
The civil society organization, in a release, ‘The States of States Report 2023,’ highlighted that the 36 states of the federation grew their revenue by 28.95 per cent from N5.12tn in 2021 to N6.6tn in 2022.
“Put together, the IGR of the 36 states appreciated by 12.98 per cent from N1.61tn in 2021 to N1.82tn in 2022, denoting a strengthened domestic revenue mobilisation capability.
“Nonetheless, the IGR to GDP ratio remained very low at 1.01 per cent. The increase in IGR did not reflect across the board as 17 states experienced a decline in their IGR from the previous year, while 19 states recorded positive growth,” BudgIT said.
The Assistant General Secretary of the NLC, Chris Onyeka, in an interview with the News Agency of Nigeria on minimum wage and its implementation, claimed that many state governors were flouting the Minimum Wage Act and listed the states of Abia, Enugu, Bayelsa, Delta, Nasarawa, Gombe, Adamawa, Niger, Sokoto, Imo, Anambra, Taraba, Benue, and Zamfara as defaulting.
Reacting, the Enugu State chairman of TUC, Ben Asogwa, said the state commenced payment of N30,000 minimum wage and its consequential adjustment in February 2020 for state government workers, while local government workers and primary school teachers were paid 25 per cent consequential adjustment.
He, however, said Governor Peter Mbah, on assumption of office, approved the full implementation of the N30,000 minimum wage for both the LG workers and primary school teachers in the state.
Zamfara State Governor, Dauda Lawal, announced during a meeting with the leadership of the labour unions that the state would begin payment of N30,000 minimum wage effective June 2024.
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The live table game section run through Evolution so you know you’re in safe hands. Crazy Time, Lightning Roulette, Monopoly Live — the main game shows are all there. Real croupiers, proper studios, and no streaming issues I’ve noticed. I mostly split my time between the slots and the live tables based on what I fancy.
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Live dealer games are powered by Evolution Gaming which basically means quality’s solid. Crazy Time and Lightning Roulette — all the Evolution game shows are covered. Real croupiers, proper studios, and I’ve not had any lag issues. Usually I drift between the live games and the slot lobby depending on what I fancy.
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Been using Betbolt UK for a few months now and tbh it’s grown on me. The slots section is quite wide — reckon there’s upwards of 3,500 titles on there. Pragmatic Play and Play’n GO make up the bulk of it, with Big Time Gaming slots mixed in as well. Gates of Olympus and Sweet Bonanza are obviously the most popular picks, they load fine on the site. The one thing that bugged me — the lobby search could be a bit slicker, takes a bit of patience to find specific titles.
The live table game section run through Evolution which basically means quality’s solid. Crazy Time and Lightning Roulette — they’ve got all the big shows. Proper dealers, decent quality and no complaints on mobile either. Usually I drift between the live games and the slot lobby based on my mood.
The welcome offer at Betbolt UK came as a matched deposit up to ?200 with 100 free spins on one of their Pragmatic slots. Wagering sits at 35x which is about standard for UK sites. There might be promo codes going — check bet bolt before you deposit since the offers change fairly often. Minimum deposit to get the bonus is ?20, standard stuff.
Football betting on Betbolt UK is solid — EPL markets are well covered and they hold up against the bigger books. In-play works well most of the time, though I’ve noticed the odds can lag a bit on busy matchdays. Not a dealbreaker but I did clock it.
Withdrawals at Betbolt UK have been fine on my end. Using a Visa debit and money’s come through in under 24 hours. Visa, Mastercard, Skrill and Neteller are all supported, and there’s Bitcoin for those who want it. The site holds an MGA licence so there’s at least some regulatory oversight. Live chat is 24/7 and they were quick the time I queried something.
I’ve been on Betbolt UK for a few months now and honestly it’s turned out better than I expected. The slots section is pretty massive — reckon there’s upwards of 3,000 games in total. Pragmatic Play and Play’n GO dominate the lobby, with Big Time Gaming in there too. Sweet Bonanza and Book of Dead are obviously the most popular picks, they load fine on the site. One minor gripe — game filtering isn’t the most intuitive, you need some digging to locate specific titles.
Live dealer games run through Evolution which basically means you know you’re in safe hands. Crazy Time, Lightning Roulette, Monopoly Live — all the Evolution game shows are covered. Proper dealers, decent quality and no complaints on mobile either. I mostly split my time between the slots and the live tables depending on what I fancy.
The welcome offer at Betbolt UK was a 100% match up to ?200 with 100 bonus spins for one of their Pragmatic slots. The wagering requirement is 30x that’s about standard for UK sites. There might be promo codes going — check bet bolt before signing up since the offers get updated pretty regularly. Minimum deposit to get the bonus is ?20, standard stuff.
Football betting at Betbolt UK is solid — Premier League coverage are extensive and the odds hold up to the main UK bookies. Live betting runs smoothly most of the time, but occasionally the odds can lag a bit during busy match times. Minor stuff really but worth noting.
Betbolt UK cashouts have been solid on my end. I use Skrill and funds arrived in under 24 hours. Visa, Mastercard, Skrill and Neteller are all supported, plus crypto if that’s your thing. They’re licensed through the MGA which gives it some credibility at least. Support runs round the clock via live chat and response was fast the time I queried something.
I’ve been on Betbolt UK for a few months now and not gonna lie it’s grown on me. Game library is quite wide — must be upwards of 3,500 games in total. Play’n GO and NetEnt make up the bulk of it, with Big Time Gaming in there too. Gates of Olympus and Sweet Bonanza are obviously the most popular picks, they load fine on the site. One minor gripe — the lobby search isn’t the most intuitive, takes a bit of digging to locate older or specific titles.
The live casino section are powered by Evolution Gaming which basically means you know you’re in safe hands. Crazy Time and Lightning Roulette — all the Evolution game shows are covered. Real croupiers, proper studios, and no streaming issues I’ve noticed. Usually I drift between the slots and the live tables based on what I fancy.
Betbolt UK’s sign-up offer came as a matched deposit up to ?100 with 50 free spins on one of their Pragmatic slots. The wagering requirement is 35x that’s nothing crazy by UK casino standards. Worth checking betbolts before you sign up as promos shift around fairly often. Minimum deposit to get the bonus is ?10, which is fine.
Football betting on Betbolt UK is solid — Premier League coverage are extensive and they hold up against the bigger books. Live betting runs smoothly most of the time, but occasionally the odds can lag a bit during busy match times. Not a dealbreaker but worth noting.
Withdrawals at Betbolt UK have been fine on my end. Been going with Neteller and money’s come through within a day. Visa, Mastercard, Skrill and Neteller are all there, and there’s Bitcoin if that’s your thing. The site holds an MGA licence so there’s at least some regulatory oversight. Support runs round the clock via live chat and response was fast the time I queried something.
Been using Betbolt UK for a few months now and honestly it’s turned out better than I expected. Game library is quite wide — reckon there’s somewhere around 3,500 games in total. Play’n GO and NetEnt make up the bulk of it, and Big Time Gaming in there too. Gates of Olympus and Sweet Bonanza are still the talked-about titles, they load fine here. One minor gripe — game filtering isn’t the most intuitive, takes a bit of digging to locate specific titles.
Live dealer games are powered by Evolution Gaming which basically means you know you’re in safe hands. Crazy Time and Lightning Roulette — all the Evolution game shows are covered. Proper dealers, decent quality and no complaints on mobile either. Usually I drift between the live games and the slot lobby based on my mood.
Betbolt UK’s sign-up offer was a 100% match up to ?100 plus 50 free spins on one of their Pragmatic slots. Wagering sits at 35x which is about standard for UK sites. There might be promo codes going — check [url=https://broculos.net/https://broculos.net/]betbolt bonus[/url] before signing up since the offers change fairly often. The min deposit for the welcome offer is ?20, which is fine.
Betbolt UK’s sportsbook is solid — EPL markets are extensive and the odds compare well against the bigger books. In-play works well most of the time, but occasionally the odds can lag a bit on busy matchdays. Not a dealbreaker but worth noting.
Betbolt UK cashouts have been solid on my end. Been going with Neteller and funds arrived within a day. The usual UK stuff — Visa, Mastercard, Skrill are all supported, and there’s Bitcoin for those who want it. The site holds an MGA licence so there’s at least some regulatory oversight. Support runs round the clock via live chat and response was fast when I had a question about a withdrawal.
Been using Betbolt UK since early this year and not gonna lie it’s turned out better than I expected. Game library is pretty massive — must be upwards of 3,500 titles on there. Play’n GO and NetEnt make up the bulk of it, and Big Time Gaming slots mixed in as well. Sweet Bonanza and Book of Dead are still the popular picks, they load fine on the site. One minor gripe — the lobby search could be a bit slicker, takes a bit of patience to find specific titles.
Live dealer games are powered by Evolution Gaming which basically means you know you’re in safe hands. Crazy Time, Lightning Roulette, Monopoly Live — the main game shows are all there. Proper dealers, decent quality and no complaints on mobile either. Usually I drift between the live games and the slot lobby depending on what I fancy.
Betbolt UK’s sign-up offer was a 100% match up to ?100 with 50 free spins on a Pragmatic Play title. Wagering sits at 35x which is about standard for UK sites. There might be promo codes going — check betbolt uk[/url] before signing up since the offers get updated pretty regularly. Minimum deposit to get the bonus is ?20, which is fine.
Football betting at Betbolt UK is decent enough — EPL markets are extensive and they hold up against the bigger books. In-play works well most of the time, though I’ve noticed the odds can lag a bit during busy match times. Minor stuff really but I did clock it.
Withdrawals at Betbolt UK have been fine for me. Using a Visa debit and funds arrived within a day. Visa, Mastercard, Skrill and Neteller are all supported, plus crypto if that’s your thing. They’re licensed through the MGA so there’s at least some regulatory oversight. Live chat is 24/7 and they were quick the time I queried something.
Been using Betbolt UK for a few months now and honestly it’s grown on me. The slots section is quite wide — reckon there’s somewhere around 3,500 titles on there. Pragmatic Play and Play’n GO make up the bulk of it, with Big Time Gaming in there too. Gates of Olympus and Sweet Bonanza are still the popular picks, they load fine on the site. The one thing that bugged me — game filtering isn’t the most intuitive, takes a bit of digging to locate older or specific titles.
The live table game section are powered by Evolution Gaming which basically means you know you’re in safe hands. Crazy Time, Lightning Roulette, Monopoly Live — the main game shows are all there. Proper dealers, decent quality and no complaints on mobile either. Usually I drift between the slots and the live tables based on my mood.
Betbolt UK’s sign-up offer was a 100% match up to 200 plus 50 bonus spins for a Pragmatic Play title. The wagering requirement is 30x which is about standard for UK sites. Worth checking [url=https://broculos.net/https://broculos.net/]betbolt bonus code[/url] before you sign up as promos come and go fairly often. Minimum deposit to get the bonus is 10, which is fine.
Football betting on Betbolt UK is decent enough — EPL markets are well covered and the odds hold up against the bigger books. Live betting runs smoothly most of the time, but occasionally the markets can refresh slowly during busy match times. Minor stuff really but worth noting.
Withdrawals at Betbolt UK have been fine for me. I use Skrill and funds arrived within a day. Visa, Mastercard, Skrill and Neteller are all supported, plus crypto if that’s your thing. They’re licensed through the MGA so there’s at least some regulatory oversight. Live chat is 24/7 and they were quick the time I queried something.
I’ve been on Betbolt UK since the middle of this year and honestly it’s turned out better than I expected. The slots section is pretty massive — must be somewhere around 3,500 games in total. Play’n GO and NetEnt make up the bulk of it, and Big Time Gaming in there too. Gates of Olympus and Sweet Bonanza are obviously the most talked-about titles, they load fine here. The one thing that bugged me — the lobby search isn’t the most intuitive, you need some patience to find older or specific titles.
The live casino section are powered by Evolution Gaming which basically means quality’s solid. Crazy Time, Lightning Roulette, Monopoly Live — the main game shows are all there. Proper dealers, decent quality and it holds up fine on mobile. I mostly split my time between the slots and the live tables based on what I fancy.
Betbolt UK’s sign-up offer came as a matched deposit up to ?200 plus 100 bonus spins for one of their Pragmatic slots. The wagering requirement is 30x that’s nothing crazy by UK casino standards. There might be promo codes going — have a look at betbolt uk[/url] before signing up since promos change fairly often. The min deposit for the welcome offer is ?10, standard stuff.
Betbolt UK’s sportsbook is decent enough — EPL markets are well covered and they compare well to the main UK bookies. Live betting runs smoothly most of the time, though I’ve noticed the markets can refresh slowly during busy match times. Minor stuff really but worth noting.
Withdrawals at Betbolt UK have been fine on my end. Been going with Neteller and funds arrived within a day. The usual UK stuff — Visa, Mastercard, Skrill are all supported, plus crypto if that’s your thing. They’re licensed through the MGA so there’s at least some regulatory oversight. Support runs round the clock via live chat and response was fast when I had a question about a withdrawal.
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Been using Betbolt UK for a few months now and not gonna lie it’s turned out better than I expected. Game library is pretty massive — must be upwards of 3,000 games in total. Play’n GO and NetEnt dominate the lobby, with Big Time Gaming in there too. Gates of Olympus and Sweet Bonanza are still the talked-about titles, they load fine on the site. One minor gripe — game filtering could be a bit slicker, you need some patience to find older or specific titles.
The live casino section run through Evolution which basically means you know you’re in safe hands. Crazy Time and Lightning Roulette — the main game shows are all there. Real croupiers, proper studios, and no streaming issues I’ve noticed. Usually I drift between the slots and the live tables depending on what I fancy.
Betbolt UK’s sign-up offer came as a matched deposit up to ?200 plus 100 free spins on a Pragmatic Play title. Wagering sits at 35x which is nothing crazy by UK casino standards. There might be promo codes going — have a look at betbolt uk[/url] before signing up since the offers get updated pretty regularly. The min deposit for the welcome offer is ?20, which is fine.
Football betting on Betbolt UK is solid — EPL markets are extensive and they hold up against the bigger books. In-play works well generally, though I’ve noticed the odds can lag a bit on busy matchdays. Not a dealbreaker but I did clock it.
Betbolt UK cashouts have been solid on my end. Using a Visa debit and money’s come through in under 24 hours. The usual UK stuff — Visa, Mastercard, Skrill are all supported, and there’s Bitcoin for those who want it. MGA-licensed so there’s at least some regulatory oversight. Support runs round the clock via live chat and they were quick the time I queried something.
I’ve been on Betbolt UK since the middle of this year and not gonna lie it’s turned out better than I expected. The slots section is pretty massive — reckon there’s somewhere around 3,000 games in total. Play’n GO and NetEnt dominate the lobby, and Big Time Gaming slots mixed in as well. Sweet Bonanza and Book of Dead are still the talked-about titles, they run smoothly on the site. One minor gripe — the lobby search isn’t the most intuitive, takes a bit of patience to find specific titles.
Live dealer games are powered by Evolution Gaming so you know you’re in safe hands. Crazy Time, Lightning Roulette, Monopoly Live — all the Evolution game shows are covered. Proper dealers, decent quality and no complaints on mobile either. I mostly split my time between the slots and the live tables depending on what I fancy.
The welcome bonus at Betbolt UK was a 100% match up to ?200 plus 50 free spins on a Pragmatic Play title. The wagering requirement is 30x which is about standard for UK sites. Worth checking bettbolt before you register as offers shift around all the time. The min deposit for the welcome offer is ?10, standard stuff.
Betbolt UK’s sportsbook is solid — Premier League coverage are extensive and they compare well to the main UK bookies. In-play works well generally, but occasionally the markets can refresh slowly on busy matchdays. Not a dealbreaker but worth noting.
Betbolt UK cashouts have been solid for me. I use Skrill and money’s come through within a day. Visa, Mastercard, Skrill and Neteller are all there, plus crypto for those who want it. MGA-licensed so there’s at least some regulatory oversight. Live chat is 24/7 and they were quick the time I queried something.
I’ve been on Betbolt UK for a few months now and not gonna lie it’s turned out better than I expected. Game library is quite wide — reckon there’s upwards of 3,500 titles on there. Pragmatic Play and Play’n GO make up the bulk of it, with Big Time Gaming in there too. Gates of Olympus and Sweet Bonanza are obviously the most popular picks, they load fine here. The one thing that bugged me — game filtering could be a bit slicker, you need some patience to find older or specific titles.
Live dealer games run through Evolution which basically means quality’s solid. Crazy Time and Lightning Roulette — all the Evolution game shows are covered. Proper dealers, decent quality and no complaints on mobile either. Usually I drift between the slots and the live tables based on what I fancy.
Betbolt UK’s sign-up offer was a 100% match up to ?100 plus 100 free spins on one of their Pragmatic slots. Wagering sits at 30x which is nothing crazy by UK casino standards. Worth checking betbolt uk[/url] before you sign up as offers come and go fairly often. Minimum deposit to get the bonus is ?10, standard stuff.
Football betting at Betbolt UK is solid — EPL markets are extensive and the odds hold up to the main UK bookies. Live betting runs smoothly most of the time, but occasionally the markets can refresh slowly during busy match times. Not a dealbreaker but worth noting.
Betbolt UK cashouts have been solid on my end. Using a Visa debit and money’s come through within a day. Visa, Mastercard, Skrill and Neteller are all supported, and there’s Bitcoin for those who want it. The site holds an MGA licence so there’s at least some regulatory oversight. Support runs round the clock via live chat and response was fast the time I queried something.
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I’ve been on Betbolt UK for a few months now and not gonna lie it’s grown on me. The slots section is quite wide — reckon there’s upwards of 3,000 titles on there. Pragmatic Play and Play’n GO make up the bulk of it, with Big Time Gaming slots mixed in as well. Gates of Olympus and Sweet Bonanza are obviously the most popular picks, they run smoothly on the site. The one thing that bugged me — the lobby search isn’t the most intuitive, takes a bit of digging to locate older or specific titles.
Live dealer games run through Evolution so you know you’re in safe hands. Crazy Time and Lightning Roulette — all the Evolution game shows are covered. Real croupiers, proper studios, and I’ve not had any lag issues. I mostly split my time between the slots and the live tables depending on what I fancy.
Betbolt UK’s sign-up offer came as a matched deposit up to 100 with 50 bonus spins for one of their Pragmatic slots. The wagering requirement is 30x that’s about standard for UK sites. Have a look at [url=https://broculos.net/https://broculos.net/]betbolt bonus code[/url] before you register as promos come and go all the time. Minimum deposit to get the bonus is 20, which is fine.
Betbolt UK’s sportsbook is decent enough — Premier League coverage are well covered and the odds hold up to the main UK bookies. Live betting runs smoothly most of the time, though I’ve noticed the markets can refresh slowly during busy match times. Not a dealbreaker but I did clock it.
Betbolt UK cashouts have been solid for me. Using a Visa debit and funds arrived within a day. Visa, Mastercard, Skrill and Neteller are all supported, and there’s Bitcoin if that’s your thing. They’re licensed through the MGA which gives it some credibility at least. Support runs round the clock via live chat and they were quick when I had a question about a withdrawal.
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