Highlight

NSC Promises to Revolutionize Sports Funding, Creates Private Sector-Driven Ecosystem

"Olopade stated that the commission is focused on aggressively driving private sector funding, having already received positive feedback from key players in the private sector"

240

The National Sports Commission (NSC) has announced a significant shift in its approach to sports funding, vowing to never again provide training grants to athletes on the day of events.

According to Director General of NSC, Bukola Olopade, the grants will now be transferred in advance, starting with the most decorated Nigerian athletes, such as Ese Brume.

The NSC at the meeting with the Federation’s President and Secretary, said it aims to create a sports ecosystem that showcases its commitment to private sector involvement.

Olopade said the commission is focused on aggressively driving private sector funding, having already received positive feedback from key players in the private sector.

Olapade said: “Never again are we going to give training grants to athletes on the day of events; the grants for athletes will be transferred today, starting with the most decorated Nigerian athlete, Ese Brume.

“We intend to create a sports ecosystem where the private sector will understand that we are serious about what we are doing.

“We are focused on driving aggressively private sector funding. We have spoken to some key players in the private sector, and I can announce to you that we have gotten some positive feedback.”

NSC Chairman, Shehu Dikko, reiterated the commission’s vision, which aligns with the Presidential mandate.

Dikko noted the need to measure the contribution of sports to the economy and shift the focus from competition-based to grassroots development.

This new approach is expected to revolutionize the sports industry in Nigeria, creating a more sustainable and private sector-driven ecosystem.

Dikko said: “This fora is aimed at sharing our vision with you in line with the presidential mandate. Mr. President is one who is not shy of taking bold decisions as long as he believes that the decision is for the good of the system we are condemned to ensure that the presidential mandate for sports is fulfilled.

“We have to measure the contribution of sport to the economy; we have to reset our mentality from competition-based to grassroots development.”

Leave a comment

Related Articles

Breaking: Appeal Court Halts Sanusi’s reinstatement as Emir of Kano

The Court of Appeal in Abuja has made a significant decision, putting...

NAFDAC cracks down on syndicate using forged documents to scam foreign companies

In a major successful operation, the National Agency for Food and Drug...

Just in: Ahead of Gov. Fubara’s budget presentation, Rivers Assembly adjourns sine die

In a shocking move, the Rivers State House of Assembly has adjourned...

RSIEC proceeds with August LG poll preparations in defiance of Rivers Assembly

The Rivers State Independent Electoral Commission (RSNIEC) says it is going ahead...

Green card holders, foreign students may be deported if … – US VP Vance

U.S. Vice President JD Vance has reaffirmed the Trump administration’s tough stance...

Nigerian Customs Intercepts 1,149 Jerrycans of Smuggled Petrol Worth N37.8m

The Nigeria Customs Service has made a significant seizure, intercepting 1,149 jerrycans...

Tax Reform Bills: Reps adopt report, okay new VAT sharing formula for states

The controversy surrounding President Bola Tinubu’s Tax Reform Bills is finally subsiding...

CBN Raises Alarm Over Illicit Naira Transactions, Urges Strict Measures

The Central Bank of Nigeria (CBN) has expressed concerns over the growing...

NPA Reaffirms Commitment to Gender Equality, Women’s Empowerment – MD Dantsoho

The Nigerian Ports Authority (NPA) has reiterated its dedication to advancing gender...

Fernandes’ Hat-Trick Sends Manchester United to Europa League Quarter-Finals

Manchester United captain Bruno Fernandes scored a hat-trick to lead his team...

Rivers Political Crisis Deepens as Lawyers Seek Supreme Court Judgment Review

The Rivers State political crisis has taken another turn as the Association...

Senate Backs Akpabio Amid Sexual Harassment Controversy, Passes Vote of Confidence

Amidst the ongoing controversy surrounding allegations of sexual harassment, the Senate has...

Exclusive: FCT Gishiri Demolition: More than 200 houses pulled down so far, says Madala, Youth Advocate

The demolition exercise in Gishiri Community, a suburb of Katampe District in...

Fresh trouble for VeryDarkMan as court orders his arrest over alleged defamation

Social media commentator Martins Vincent Otse, popularly known as VeryDarkMan (VDM), has...

Regina Daniels embraces spotlight, ignores swirling marriage controversy

Regina Daniels is taking a subtle approach to addressing the recent speculation...

We deliberately locked out Gov. Fubara – Rivers lawmakers

The Rivers State House of Assembly on Thursday reacted to the claim...

Suspension fallout: Natasha files contempt charges against Akpabio, others

Following a six-month suspension slammed on her by the Senate, the Kogi...

Senate to IPU: Natasha was suspended for misconduct

In bid to clear itself of alleged bias, the Nigerian Senate has...

Naira Depreciates to ₦1,585/$ in Parallel Market, ₦1,546/$ in Official Market

The Nigerian currency, the Naira, has continued its downward trend, depreciating further...