How FG N12 Billion Intervention Fund To NFF Rise To N17 Billion – Minister of Sports

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Minister of Sports Development, Senator John Owan Enoh has said that the Twelve Billion naira approved by President Bola Ahmed Tinubu for the Nigeria Football Federation (NFF) in January has added more value between January and April.

Following rise in the exchange rate of dollar to naira in January when Federal Government approved the sum for the Nigeria Football Federation (NFF) and now, the money has increased from the initial N12 billion Naira to N17 Billion naira.

This was made known by the Minister of Sports Development, Senator John Owan Enoh in Abuja on Tuesday while addressing journalists in Abuja on the country’s performance at the just-concluded All African Games.

Recall that Nigeria President, Bola Ahmed Tinubu approved the sum of N12 billion with few days to the commencement of 2023 African Nations Cup (AFCON) hosted in Cote D’Ivoire.

The sum was meant to clear outstanding payments the federal government owed the Super Eagles and Nigeria’s other national teams.

According to the statement from FG, the money is expected to “clear the senior national team coach salaries running up to 15 months, payments of allowances and promises due to the senior national teams, females, and U-20 national team”.

Meanwhile, the FG has paid sum of $1.3m to the NFF while the N12 billion has not been cleared.

Ordinarily, Super Eagles and other national teams are being paid in Dollar when a match is played outside the shore of the country.

The delay in disbursement of the money to the NFF has led to the total sum when converted to Naira in January rose from N12 billion to N17 Billion following rise in the exchange rate.