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A Tale Of The Nigeria Football Fund’s Benefits

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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 each.

 

The fund was launched by GTI Asset Management & Trust Limited on Tuesday, March 22, 2022, for the purpose of offering sustainable solutions to the challenges hindering the growth and advancement of football in Nigeria by focusing on sports development.

 

Biztellers reports that presently, the TNFF is the catalyst energising the transformation of the Nigeria Premier Football League (NPFL).

 

Recall that the organisation of the NPFL was fraught with several challenges, topmost among them being the issue of poor funding which the TNFF is poised to breathe in a new lease of life into in a sustainable manner.

 

It is noteworthy that the 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, with the hope of seeing them grow into national assets. This way Nigeria’s football assets would start contributing to the 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 impact of these is expected to manifest in the following areas; increased economic activities, increase in employment opportunities, rise in disposable income, significant contribution to the 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 objectives.

 

It will help the government to use football to manage social vices, especially among the teaming idle youths. Most of the 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 could easily enhance national development as the beautiful game in turn becomes an easy tool or a veritable source of revenue for the government.

 

In addition, the TNFF will help to enhance national savings culture and stimulate the financial inclusion agenda of the federal government.

 

Those versed in sports business are of the opinion that the TNFF has the potential of deepening Nigeria’s economy, creatively, in the areas of production and distribution of cultural goods to support the football industry for great economic impact.

 

The positive spill-over effect on the development of the tourism sector can be heartwarming because of its positive impact on hotel occupancy rates, pundits aver.

 

Aside from enhanced foreign exchange earnings, which the 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, development economists opine.

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Chelsea Handed Injury Boost As Omari Kellyman Nears Return

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Chelsea are set to receive a welcome boost with Omari Kellyman nearing a return to action after a frustrating start to his Stamford Bridge career.

The 19-year-old midfielder, who joined the Blues from Aston Villa in a £19 million summer transfer, has been sidelined with a serious hamstring injury since September.

Kellyman initially made an impression with Chelsea’s Under-21s, scoring twice in three appearances, including during a 4-2 defeat to Leipzig in the Premier League International Cup. However, his progress was halted by the injury, which has kept him out of action for months.

READ MORE: Chelsea Desires Permanent Deal For João Félix After Collapse Of Omorodion Deal

According to reports from the Daily Mail, Kellyman is now on track to return within the next four weeks, offering Chelsea a much-needed boost as the team looks to navigate a congested festive fixture schedule. The teenager is expected to be fit before Christmas and could soon make his senior debut for the club.

Reflecting on his move to Chelsea earlier this year, Kellyman expressed his excitement about joining the West London outfit. “It is fantastic to be standing here as a Chelsea player. It’s a massive club with an amazing history, so it is great to join. It is a dream come true for sure. I’m buzzing to have put on the shirt and can’t wait to get started,” he said.

Kellyman’s footballing journey began at Derby County, where he progressed through the youth ranks and was promoted to the first-team squad by Wayne Rooney at just 16 years old.

After leaving Derby for Aston Villa in 2022, he signed his first professional contract and made his Premier League debut last season against Manchester City.

Despite his brief stint at Villa, which included a Europa Conference League appearance, Kellyman made the high-profile move to Chelsea in June, signing a six-year contract.

Now, as he edges closer to full fitness, both the player and the club will hope his long-awaited debut signals the start of a successful tenure at Stamford Bridge.

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Chelsea Holds Scouting Summit With Enzo Maresca

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Earlier this month, Chelsea Football Club convened a comprehensive meeting of their first-team recruitment team, aimed at aligning their efforts with the club’s overarching vision.

This scouting summit brought together approximately 30 of the club’s key talent identifiers, with the objective of reinvigorating the search for future stars in world football.

Adding an extra layer of inspiration to the gathering, Leicester City manager and former Manchester City assistant, Enzo Maresca, made a guest appearance. Maresca, who briefly worked alongside some of Chelsea’s current personnel during his time under Pep Guardiola, took time to pose for a group photograph with the team. Those present reportedly left the summit feeling “enthused, energised, and as motivated as ever” to uncover the next generation of footballing gems.

READ MORE: Osimhen Casts Doubts Over Touted Winter Move To Chelsea

The Italian tactician has maintained an interest in Chelsea’s squad and their emerging talents. A source close to Maresca suggested that he harbours a keen desire to see Cole Palmer, one of Chelsea’s brightest young signings, team up with Joao Felix, the Portuguese forward who enjoyed a brief but impactful loan spell at Stamford Bridge last season.

While Palmer continues to thrive at Chelsea following his summer move from Manchester City, Felix’s future remains uncertain, with speculation persisting about whether the Blues could revisit a permanent deal for the Atlético Madrid star.

Chelsea’s recruitment team will undoubtedly keep such possibilities in mind as they look to execute their shared vision, leveraging the energy from this summit to identify players capable of complementing the club’s long-term strategy. With Maresca’s words and presence leaving a lasting impression, the search for the world’s finest footballing gems continues in earnest.

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Lukeba’s €90m Clause Attracts Real Madrid, PL Clubs

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RB Leipzig defender Castello Lukeba has become a hot topic in the transfer market following details about his new contract.

According to transfer expert Fabrizio Romano, Lukeba’s release clause will come into effect in the summer of 2025, starting at around €90 million and varying from season to season.

This development has drawn the attention of football giants, with Real Madrid reportedly keeping a close watch on the French centre-back’s progress. Premier League clubs are also monitoring Lukeba as a potential defensive reinforcement for 2025.

READ MORE: Wizkid Breaks Spotify Records With ‘Kese (Dance)’ Release

The 20-year-old, who joined Leipzig from Olympique Lyonnais in 2023, has already made an impression in the Bundesliga with his composed defensive skills and tactical versatility. His rising profile has placed him among Europe’s most promising young defenders, making him a coveted target for top clubs.

Leipzig’s decision to include a fluctuating release clause highlights their commitment to protecting Lukeba’s value while leaving the door open for a future big-money move.

With Real Madrid and several Premier League sides in the mix, the 2025 summer transfer window is already shaping up to be a pivotal moment in Lukeba’s career. Fans and scouts alike will be closely watching his development as he continues to shine in Leipzig’s backline.

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