Nigerian Football
Unique benefits of The Nigeria Football Fund
The Nigeria Football Fund (TNFF) is an open-ended Security and Exchange Commission-Registered Unit Trust/Mutual Fund with an initial public offering to raise N5billion through the issuance of 5,000,000,000 units at N1.00 per Unit.
It is a fund launched by GTI Asset Management & Trust Limited on Tuesday, March 22, 2022,to provide sustainable solutions to the challenges hindering the growth and advancement of football in Nigeria by focusing on sports development. Presently, TNFF is the catalyst energizing the transformation of the Nigeria Premier Football League (NPFL).
In the past, the organization of NPFL had so many challenges bedeviling it and topmost among them is the issue of poor funding which the Fund is going to breathe in a new lease of life into it going forward.
The emblem for progress of Nigerian football – The Nigeria Football Fund (TNFF) logo
For the records, TNFF also invests in high-quality investment-grade instruments involving equities of quoted companies, money market or fixed-income instruments, and strategic investment in football/sports sector via securitized lending investments in identified short to medium-term “Football Projects.”
The Fund also aims to transform football clubs from socio-political tools to profitable business enterprises and by extension, a national asset; contributing to Nigeria’s Gross Domestic Product (GDP).
As noted earlier, TNFF will promote investment culture among participants in the sports industry with an opportunity to earn returns from investment-grade instruments involving equities of quoted companies, sovereign and corporate short/long-term debt obligations and securitized lending investments in identified short to medium-term “Football Projects.”
The multiplier effects of building a “Football Economy” is extremely huge, as an improved football sector will drive a cycle of growth (value-chain effects) across several other sectors like Tourism, Broadcasting, Technology, Gaming, Media, Hospitality, Transportation, Merchandising etc.
The result of these will lead to increased economic activities, increase in employment opportunities, rise in disposable income, significant contribution to GDP and a general increase in demand for the products, goods and services produced by Nigerian corporate/manufacturing companies.
The Fund which is currently managed by GTI Asset Management & Trust Limited has the following under-listed deliverables:
It will help the government to use football to manage social vices, especially among the teaming idle youths. Most of these youths would be kept busy through sporting activities and will not fancy indulging themselves in criminal activities if left unchecked.
Therefore, an improved football economy enhances national development as the beautiful game in turn becomes an easy tool or a veritable source of revenue for government finances.
Another deliverable is that TNFF will help to enhance national saving culture and will stimulate the financial inclusion agenda of the federal government.
Also, another good benefit of TNFF is that it deepens the creative economy of Nigeria, produces and distributes cultural goods with positive economic impact. The positive spill-over effect on the tourism sector development can be heart-warming because of its positive impact on hotel occupancy rates.
Aside from enhanced foreign exchange earnings, which TNFF will bring to the table through foreign television broadcasting rights, infrastructural development; the fund has demonstrated the capacity to convert the interests of mammoth Nigerian fans into commercial success and sustainable growth.
From the foregoing, the benefits of TNFF are much and for a country like Nigeria that wants to diversify its economy, TNFF is a ready mutual fund that will provide the magic wand to add up to the GDP of Africa’s most populous black nation.
The miserable run of Akwa United and Ikorodu City came to an end after six games in the Nigerian Premier League this season. Both teams were initially glued at the bottom of the league table.
They now got respite as Akwa United beat Kano Pillar by 2-0 while Ikorodu City even did what could be considered an upset, beating Bendel Insurance 3-0.
Remo Stars bounced back to the top of the log after a 3-0 defeat of Nasarawa United. Shooting Stars are yet to get their rhythm this season, playing a barren draw with Enyimba in Ibadan.
Kwara United who got their first full points of the season last week after a 1-0 defeat of Remo Stars could not consolidate as they were beaten 1-0 by Abia Warriors.
Heartland under Emmanuel Amuneke are gradually recovering as they got a valuable away draw against El-Kanemi Warriors.
BY KUNLE SOLAJA.
It is 75 years since Nigeria’s national football team first played an international match. That was on 8 October 1949 when the first set of Nigeria’s assembly on their return voyage stopped over in Freetown and engaged Sierra Leone in an international football match. Nigeria won 2-0, setting a chain of positive results on 8 October.
The country never lost any competitive duel on that date. More significantly, the Super Eagles first qualified for the World Cup on an 8 October date.
That was in 1993 when they were held to a 1-1 draw by Algeria in the quest for USA ‘94 World Cup.
Nigeria became the first English-speaking African country to qualify for the World Cup. Another significance of the October 8 match at the July 5 Stadium, Algiers is that Nigeria were unbeaten for the first time by Algeria at home.
The only deviation from the 8 October Magic was in 2015 when Nigeria lost 2-0 to Congo in a friendly match.
Twenty-six years after Nigeria’s debut international match, one of Africa’s biggest football nations, Egypt fell to the October 8 magic, losing 4-0 to Nigeria in the last stage of the triangular World Cup qualifying series for Argentina ’78.
Up till October 15, 2013, when Ghana beat Egypt 6-1 in Kumasi, the October 8, 1977 duel with Nigeria remained Egypt’s biggest loss in a World Cup qualifying match.
Before the 1977 duel, Nigeria in 1963 played a friendly match with Liberia in Monrovia. The October 8 magic was active, even in an away match. Nigeria drew 2-2 in their very first encounter with Liberia. It was shortly after the team had, through a protest, upturned a victory by Guinea to pick Nigeria’s very first African Nations’ Cup ticket.
Little wonder then that when FIFA suspended Nigeria in 2010, the world governing body provisionally lifted the ban on October 8!
Nigeria on 8 October
- 1949 – Freetown (Friendly) Sierra Leone 0-2 Nigeria
- 1963 – Monrovia (Friendly) Liberia 2-2 Nigeria
- 1977 – Lagos (World Cup qualifier) Nigeria 4-0 Egypt
- 1993 – Algiers (World Cup qualifier) Algeria 1-1 Nigeria… qualify for USA ‘94.
- 2005 – Abuja (World Cup qualifier) Nigeria 5-1 Zimbabwe
- 2010 – FIFA, in apparent respect to the 8 October magic, provisionally lifted a ban imposed on Nigeria.
- 2011 – Abuja (African Nations Cup qualifier) Nigeria 2-2 Guinea. Although undefeated, Nigeria failed to make it to the 2012 African Nations Cup.
- 2015 – D.R. Congo beat Nigeria 2-0 in Visé, Belgium. The ‘October 8 Magic’ is finally broken.
Rivers United have launched themselves to the top of the log at the end of the match day 5 of the Nigeria Premier League. The Port Harcourt side beat Akwa United 2-1 to go afloat after initial leaders, Remo Stars crumbled to a 1-0 defeat at Kwara United in Ilorin on Sunday.
It was Remo Stars’ first defeat in the season. Rivers United are now with 13 points. Stephen Mayo put Rivers United ahead after 31 minutes. But it turned a temporary lead as Akwa United bounced back almost at the blast of the referee’s whistle for the second half.
Friday Apollos levelled up for Akwa United before Ndifreke Effiong Udo scored the winner in the 85th minute.
Sunday Results
- Kwara United 1-0 Remo Stars
- Rangers International 1-0 Abia Warriors
- Heartland FC 2-0 Niger Tornadoes
- Kano Pillars 2-0 Sunshine Stars
- Plateau United 1-0 Ikorodu City
- Rivers United 2-1 Akwa United
- Enyimba 3-0 Katsina United* Suspended
- Nasarawa 0-0 Bayelsa United
NFF Communication director unfolds 20 Points of a 20-hour ordeal on Libyan soil
African football legends, Adebayor and Aubameyang condemn Libya’s treatment of Super Eagles
BREAKING! CAF wades into the Libya-Nigeria Airport episode
Breaking! Uzoho suspended from Super Eagles’ next match with Sierra Leone
No longer Super League as CAF changes name of its new clubs competition
AIU releases its report on Tobi Amusan
-
Uncategorized1 week ago
Players boycott Libyan national team
-
AFCON5 days ago
Billiat’s penalty seals Zimbabwe’s 1-0 win over Namibia
-
AFCON1 week ago
Facts & Figures as AFCON 2025 qualifiers enter Matchday 3
-
AFCON7 days ago
AFCON 2025 in Morocco: Everything you need to know
-
AFCON6 days ago
Libya’s captain, Faisal Al-Badri alleges poor treatment in Nigeria
-
Uncategorized1 week ago
CAF compels Kwasi Appiah to step down from Ghana FA
-
Uncategorized1 week ago
Fastest World Cup final scorer is dead!
-
AFCON1 day ago
BREAKING! CAF wades into the Libya-Nigeria Airport episode