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.
Nigeria’s Super Falcons have unveiled a striking new 10-star jersey ahead of the 2026 Women’s Africa Cup of Nations (WAFCON), celebrating the team’s unparalleled success on the African continent.
The newly designed kit features 10 stars encircling the team’s badge, with each star representing one of Nigeria’s 10 Women’s Africa Cup of Nations titles.
The symbolic design reflects the Super Falcons’ legacy as the most successful side in the history of the competition.
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The nine-time defending champions first wore the special jersey during Thursday’s 2-1 international friendly victory over Tanzania’s Twiga Stars, giving supporters a glimpse of the new look ahead of the continental showpiece.
Justin Madugu’s team will now turn its attention to Morocco, where it will be aiming to capture a record-extending 11th WAFCON title and further cement its dominance in African women’s football.
The 2026 Women’s Africa Cup of Nations is scheduled to begin on Saturday, with Nigeria opening its title defence against tournament debutants Malawi on Tuesday at the Al Madina Stadium in Rabat.
See the jersey below
The German Football Association (DFB) has officially appointed former Liverpool and Borussia Dortmund manager Jurgen Klopp as the new head coach of the country’s men’s national football team.
Klopp, 59, replaces Julian Nagelsmann, who departed following Germany’s disappointing campaign at the 2026 FIFA World Cup.
The announcement was made on Friday during a press conference in Frankfurt by DFB President Bernd Neuendorf.
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Neuendorf confirmed that Klopp has signed a contract that will run until the summer of 2030, keeping him in charge through the next FIFA World Cup, which will be co-hosted by Morocco, Spain and Portugal. He added that Klopp will officially assume his new role on August 15.
Speaking during the unveiling, Neuendorf expressed confidence that Klopp is the right man to restore Germany’s status as one of world football’s elite nations.
Germany’s latest World Cup campaign ended in disappointment after a penalty shootout defeat to Paraguay in the Round of 32.
The exit marked the country’s third consecutive poor World Cup performance since lifting the trophy for a fourth time in Brazil in 2014.
The four-time world champions also failed to progress beyond the group stage at the 2018 and 2022 editions, while their only knockout victory in the last five major tournaments came during Euro 2024, where they reached the quarter-finals on home soil.
Klopp had previously indicated his interest in leading the national team after Nagelsmann’s departure earlier this month.
Widely regarded as one of football’s most successful managers, Klopp built his reputation at Mainz before guiding Borussia Dortmund to domestic success.
He later transformed Liverpool into one of Europe’s dominant clubs, winning multiple major trophies, including the UEFA Champions League and the English Premier League.
Germany will now look to Klopp to oversee a long-term rebuild and guide the national team back to competing for major international honours.
Spain’s celebrations after winning the 2026 FIFA World Cup were overshadowed by tragedy after a 13-year-old boy died and several others were injured when a fountain collapsed during jubilant scenes in the western Spanish town of Ciudad Rodrigo.
The heartbreaking incident occurred shortly after Spain secured a historic 1-0 victory over Argentina in the World Cup final, ending a 16-year wait for the country’s second global football title.
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According to local authorities, emergency services received multiple distress calls at around 12:30 a.m. local time after a fountain packed with celebrating fans suddenly collapsed.
In a statement posted on Facebook, Ciudad Rodrigo City Hall confirmed the teenager’s death and expressed condolences to the victim’s family.
“The city hall of Ciudad Rodrigo expresses its sadness and presents its condolences for the death of a boy of 13.”
The municipality described the incident as a devastating turn of events, saying: “What should have been a celebration of Spain’s team in the football World Cup turned into tragedy.”
Emergency services also confirmed that another youth was injured in the collapse, while several others sustained injuries as rescue teams rushed to the scene.
Local media reported that the fountain gave way under the weight of dozens of fans who had climbed onto the structure to celebrate Spain’s World Cup triumph.
The fatal accident cast a somber mood over celebrations across the football-loving nation, with many expressing grief just hours after Spain’s memorable victory on the world stage.
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