Governing Bodies
GTI explains the unique investment features of The Nigeria Football Fund
When the pot of gold for Nigeria’s football development, The Nigeria Football Fund (TNFF) was launched on Tuesday 22 March 2022, it also marked the 42nd anniversary of Nigeria’s winning of the Africa Cup of Nations for the first time in 1980.
According to GTI Asset Management & Trust Limited, where the TNFF is domiciled, the fund the fund comes with a lot of features aimed at turning our football industry from its obscure recreational status to a pure business enterprise.
Many invitees who witnessed the epoch-making event attested to the fact that TNFF is very different from other existing Funds in the market.
As a kicker, an investor in TNFF will notice that the fund has three major unique irresistible and rewarding features different from other funds in the market.
First, most of the existing Funds are either Equity, Money Market, Bonds or Real Estate Funds, but TNFF is a Football Fund which has never existed anywhere in the African continent or in the world.
It is also a unique developmental Fund which is more of a national project that is distinct and novel. The Fund completely uses a blue ocean strategy that differentiates it from others.
Second, TNFF is committed to building a “Football Economy” within the Nigeria sports ecosystem that is aimed at solving a major national challenge.
For purpose of clarity, a Football Economy consists of football and other sporting activities measurable in statistical terms as a significant component of the nation’s Gross Domestic Product. Other sporting activities include Basketball, Boxing, Athletics, Table/Lawn Tennis, Golf, Polo, Cricket, etc.
At present, Football and other sports in Nigeria are faced with challenges like inadequate funding, poor infrastructure, administrative hiccups and poor event management, amongst others.
Thus, the TNFF initiative seeks to provide liquidity support to football or sporting projects targeted at the growth and development of the football economy and its value chain in Africa’s most populous black nation, Nigeria.
As noted earlier, TNFF is a national project that seeks to address the various challenges in the sports ecosystem, build a strong and sustainable football/sports economy by delivering efficiency in the funding management and administration of the beautiful game.
TNFF is also a project that will help transform football from a socio-political tool to a profitable business enterprise and by extension, a national asset that will help in transforming Nigerian Football Clubs into a profitable business enterprise, with the multiplier effects that will drive a cycle of growth across several other sectors. TNFF further supports government’s drive for revenue diversification.
However, the third special feature of TNFF is that it guarantees financial rewards for the passion investors have for football or sports in general. Here, passion for sports/football is rewarded with financial returns, as sporting/football fans become football investors and become financially rewarded for it.
Simply put, investment by corporate bodies or individuals in TNFF is an investment in the development of football in Nigeria and such investment will help in promoting Corporate Social Responsibility (CSR) in Football.
For example, many corporate bodies incur yearly expenditures on sponsorships, which are usually written off in their statement of profit or loss.
Thus, TNFF provides an opportunity to capitalize such “donations” made to develop football infrastructures, thereby assisting in restructuring the balance sheet through the reclassification of “donations to football” to “investment in football”.
Finally, every investor in TNFF has nothing to fear because the fund has been so uniquely designed for safety in order to provide a win-win situation for the investors, stakeholders and it enhances the growth cum development of the beautiful game in Nigeria.
TNFF is the only magical wand that can lay a rock-solid foundation; propel our football to a desirable height and also lessen the burden of government in funding a professional sport like football.
The time for local and foreign investors to invest in TNFF is now because of the growth potential of the investment. It may be too late to get it at a lower price in the near future for a stitch in time saves nine.
Governing Bodies
Sanusi set for record-extending tenure as Nigeria’s football politicians assemble in Asaba
BY KUNLE SOLAJA.
Speculations gathered ahead of the 2024 Annual General Meeting of the Nigeria Football Federation holding in Asaba on Friday have it that tenure elongation for the General Secretary, Dr. Mohammed Sanusi, is a major item on the agenda.
Neither formal confirmation nor denial has been issued since one of the leading newspapers in Nigeria, ThisDay dropped the hint.
The agenda of the meeting is also not made public. Dr, Sanusi is the longest-serving General Secretary in history having been in office from 30 March 2015 making 3,476 days or nine years six months and four days.
It easily drowned that of his closest rival in tenure – Sani Toro whose tenure from 21 December 1993 to 3 May 1999 is merely 2020 days or five years, six months and 12 days.
Thus, no one had enjoyed a longer period in office than the incumbent, Dr. Mohammed Sanusi. It is speculated that the tenure will be extended as NFF has reported that all delegates have arrived in the Delta State capital by Thursday evening.
The NFF Annual General Assembly, the first of which took place 90 years ago in Lagos on 19 February 1934, is the biggest assemblage of football administrators and stakeholders in the country.
In one such meeting on 24 July 2008 in Makurdi, the football body changed its name from NFA to NFF.
This year, according to a press release by the NFF, the plenary will have in attendance, the chairmen and secretaries of football associations in the 36 States and the Federal Capital Territory, chairmen and secretaries of the Nigeria Premier Football League, Nigeria National League, Nigeria Women Football League and the Nationwide League One, as well as chairmen and secretaries of the referees’ association, players’ union and coaches’ association. This group of 88 makes up the Congress.
They are joined by the members of the NFF Executive Committee and the management team as well as former NFF Presidents and General Secretaries.
The Minister of Sports Development, John Owan Enoh, is announced as the special guest. Nigeria’s Member of the FIFA Council, Amaju Melvin Pinnick is also expected as well as a representative of the West African Football Union (WAFU B).
The Governor of Delta State, Sheriff Francis Oborevwori will declare the General Assembly open.
Venue is the Unity Hall of the Delta State Government House.
Governing Bodies
Like in Egypt, former Nigerian Olympian, Sadiq Abdulahi wants Tinubu to declare ‘State of Emergency’ in Sports
Former Nigerian tennis player and Olympian, Prof. Sadiq Abdulahi has called for drastic action to arrest the decline of Nigeria in global sporting events.
The former tennis player who is now a professor in the United States declared that the “failure to win a medal at the regular 2024 Paris Olympics, the few medals at the Paris Paralympic and the fallout at the National Youth Sports Festival has exposed the deep problems facing the sport’s sector.”
He wants Nigeria to have the same approach that the Egyptian president has taken while reacting to the country’s performance at the Paris 2024 Olypics.
Egypt’s President Abdel-Fattah al-Sisi ordered a comprehensive evaluation of sports federations that participated at the Paris Olympic Games, following a mission report submitted by the country’s sports minister.
According to Prof. Abdulahi, the National Sports Federations charged with the preparation of elite athletes have failed to do their job despite the cry for funding from the government.
“Federal Government cannot adequately fund all the Olympics sports. It is impossible.
“By declaring a state of emergency, new people, new approaches and new funding models will be identified. More importantly, the Federal Government will redefine grassroots sports development.
“We will lay sustainable foundation for sports development.”
Continuing, he called for the return of the National Sports Commission (NSC) which enabling decree was abolished through Decree No. 7 of 1991, but came back through presidential proclamation under Sani Abacha before it was abolished again.
The original NSC was established in 1964 as National Sports Council before the promulgation of Decree 34 of 1971 which legalised it as the apex Federal Government agency to control, regulate and organize sports.
“The FG may now bring back the National Sports Commission or the National Sports Authority. Our emerging national economy with the full participation of the private sector can support this new beginning. I hope this helps.”
RELATED STORY: President Al-Sisi orders sports system overhaul
Governing Bodies
CAF gives Yoruba and Arabic interpretations of ‘OLA’ the Super Cup 2024 Official Match Ball
The Confédération African of Football, CAF, has given the linguistics interpretation of OLA, the confederation’s official match balls produced by Puma which has also unveiled a special edition for the Super Cup duel holding on Friday in Saudi Arabia.
According to CAF, OLA, symbolizing the dynamic and energetic nature of African football, means “wealth,” “honour,” and “respect” in Yoruba and “rise” and “success” in Arabic.
The OLA ball stands out with its vibrant design and cultural significance. “OLA”
The ball is a mix of black and gold, representing power and sophistication. The ball will be the centrepiece of the eagerly-awaited match between the two giants of African football.
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