Sports
A Tale Of The Nigeria Football Fund’s Benefits
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.
Sports
Obi’s Inspiring Christmas Message Of Hope For Women’s Football
The Chairperson of the Nigeria Women Football League (NWFL), Nkechi Obi, has delivered an inspiring Christmas message, celebrating the board’s achievements in 2024 while expressing hope and determination for the future of women’s football in Nigeria.
Reflecting on the milestones of the past year, Obi extended heartfelt gratitude to players, coaches, fans, and stakeholders for their unwavering dedication to the league’s growth and success.
The experienced sports administrator described 2024 as a year of breaking barriers, strengthening structures, and laying the groundwork for even greater accomplishments.
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“As we celebrate Christmas and reflect on another remarkable year, I want to express my profound gratitude to everyone who has been part of the NWFL’s journey,” Obi said.
“To our players, your passion, talent, and resilience are the heart of this league, inspiring us to aim higher. To the coaches, officials, sponsors, and supporters, your commitment to advancing women’s football in Nigeria has been invaluable.”
Obi emphasized the values of love, unity, and hope that Christmas embodies, drawing parallels to the collaborative spirit driving the league forward. She encouraged stakeholders to celebrate the progress made and remain optimistic about the opportunities that lie ahead.
“The 2024/2025 season promises to be one of growth, excitement, and greater inclusivity,” she added.
“Together, we will continue to push boundaries and ensure women’s football reaches its full potential in Nigeria. I wish you all a joyful Christmas and a prosperous New Year. May the season bring peace, love, and renewed inspiration for us all.”
Her message not only celebrates the successes of the past year but also sets a tone of optimism and collaboration for 2025, reaffirming the NWFL board’s commitment to excellence and progress.
Sports
Australian Tennis Champion, Max Purcell Faces Doping Suspension
Australian doubles champion, Max Purcell has been provisionally suspended after admitting to a violation of anti-doping regulations, the International Tennis Integrity Agency (ITIA) announced on Monday.
The 26-year-old, ranked 12th in the world for doubles, confessed to using a “prohibited method” and voluntarily entered a provisional suspension beginning December 10.
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The ITIA confirmed the suspension took full effect on December 12, stating, “Time served under provisional suspension will be credited against any future sanction.”
As a result of the suspension, the 26-year-old is banned from competing in, coaching at, or attending any tennis events sanctioned by the sport’s governing bodies.
This suspension rules him out of January’s Australian Open, where he was expected to be a strong contender.
Purcell’s career highlights include winning the 2022 Wimbledon doubles title with fellow Australian Matt Ebden and this year’s US Open doubles crown alongside Jordan Thompson.
In a statement, Tennis Australia clarified that the violation concerned a prohibited method rather than a banned substance.
“The International Tennis Integrity Agency confirmed the breach relates to the use of a prohibited method, rather than the presence of a prohibited substance.
“As the matter is currently under investigation, it is inappropriate to comment further at this time,” it said.
The ITIA did not provide further details regarding the breach but noted that investigations are ongoing.
This case comes amid increased scrutiny over doping in tennis. Recent incidents include Polish world number two Iga Swiatek and Italian top-ranked player Jannik Sinner.
Swiatek received a one-month sanction earlier this year after testing positive for a banned heart medication, though the violation was deemed unintentional.
Meanwhile, Sinner was cleared after twice testing positive for traces of the steroid clostebol, though the World Anti-Doping Agency has appealed the decision.
Both Swiatek and Sinner are set to compete in the Australian Open, beginning January 12.
Sports
CAF Awards: GTI Congratulates NFF, Lookman, Others
Strategic partners to the Nigeria Football Federation (NFF), GTI Group has congratulated the football ruling body on the successful achievements of Nigerian footballers at the just concluded CAF Awards ceremony in Marrakech, Morocco where Super Eagles dare-devil striker Ademola Lookman was crowned the African Player of the Year.
Head of Media and Publicity, GTI, Andrew Ekejiuba, in a statement in Lagos, expressed great hope that the efforts of the NFF at restructuring and repositioning football development in the country has begun yielding the desired results.
Biztellers reports that CAF awards event also witnessed the back-to-back emergence of Super Falcons goaltender, Chiamaka Nnadozie as CAF Women’s Goalkeeper of the Year, while the Super Falcons carted home the Women’s National Team of the Year award.
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Ekejiuba reiterated that the Alh Ibrahim Gusau-led NFF is gradually returning the country to the glorious years when Nigeria dominated the award and was once ranked 5th best soccer-playing nation by the world football ruling body FIFA.
“The achievements of our Nigerian players at the just concluded CAF Award is a testament to the abundance of talents in the country and the clear vision of Alh Ibrahim Gusau-led NFF board to ensure that these players realise their ambition to become the best in the continent and beyond.
“Therefore, GTI congratulates the Awardees for bringing honour to Nigeria,” he said.
“As strategic partners to the Nigeria Premier Football League, GTI’s relentless effort with the NPFL Board has helped to lay a solid foundation for a prosperous elite league that will eventually attract the best legs locally and internationally. Also, by focusing on transparency, infrastructural development and security, GTI and NPFL are creating a sustainable environment where football can thrive”.