Nigerian Football
TNFF: The football economy game changer!
The emergence of GTI Asset Management & Trust Limited into Nigeria football ecosystem using The Nigeria Football Fund (TNFF) investment vehicle has turned to be the real game changer that is currently propelling the development of the elite league and Nigeria’s Football Economy.
In simple terms,TNFF has helped to restructure and reposition Nigeria Premier Football League (NPFL) for greatness following the chains of successes so far achieved in the execution of the 2022/2023 abridged league.
TNFF is a high quality investment–grade instrument involving equities of quoted companies, money market or fixed income instruments, and strategic investment in football/sport sector via securitized lending investments in identified short to medium term “football projects.” While a Football Economy consists of football and other sporting activities measurable in statistical terms as a significant component of the nation’s Gross Domestic Products. It may also include other sports like Basketball, Boxing, Tennis, Athletics, Golf and Polo.
As noted in previous posts on the subject matter, TNFF is an open-ended Securities and Exchange Commission (SEC)-registered unit trust (“Fund”) that allows ease of entry and exit by investors. The Fund in a nutshell seeks to build a “Football Economy” within the Nigeria Sports ecosystem.
TNFF isalso packaged to provide sustainable solutions to the challenges hindering the growth and advancement of football in Nigeria by focusing on the development of the Nigeria Premier Football League Clubs.
To invest in TNFF, investors are advised to simply visit GTI Asset Management & Trust Limited office or its website (www.tnff.gti.com.ng) to complete the Application Form and submit with evidence of payment, which could be bank lodgments, crossed cheque or transfers (cash payments is not allowed). To complete the investment process, the investor will also be contacted by TNFF Fund’s Manager to acknowledge receipt of the investment.
The minimum initial investment is 100,000 units while additional investments shall be in multiples of 100,000 units. The current price is N1.082 per unit. The bid and offer price of the fund would be available on the website of GTI.
TNFF is further protected by the Trustee (Radix Trustees Limited), who supervises the activities of the Fund Manager in compliance with the Trust Deed. An independent Custodian (UBA Custodian) also holds and safeguards the assets of the Fund. All these structures are meant to protect investors, create transparency and accountability in the management of the Fund.
On the procedure for selling or redeeming TNFF investment, Unit-holders can sell their units in the Fund after the initial 6-month minimum holding period and they will be required to redeem units online or complete a Redemption Form and return the proof of investment to the Fund Manager. Once these documents have been verified, the redemption request will be processed within five (5) business days. The minimum permissible holding after partial redemption is N100,000 or such balance as advised by the Manager from time to time.
As a game changer, a steady flow of income as yearly payment of dividends would be made to unit holders, from the second year to affirm to investors the uniqueness of TNFF.
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
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