Sports
CAF Boosts AFCON Prize Money By 40%
In a recent update, the Confederation of African Football (CAF) declared a noteworthy increase in the prize money for the victor of the TotalEnergies Africa Cup of Nations (AFCON) held in Côte d’Ivoire 2023.
The winning team will now secure a substantial seven million dollars, marking a remarkable 40% boost in the prize compared to previous tournaments.
CAF made this announcement through its official website on Thursday.
The new distribution also reveals that the runner-up will secure $4 million, while both semi-finalist teams will each be awarded $2.5 million.
Additionally, the four quarter-finalist teams will individually receive $1.3 million, as stated in the updated prize breakdown released by CAF.
CAF president, Patrice Motsepe said “CAF has made significant progress over the past two years in increasing the prize money of the AFCON and all its other major competitions.
“We have increased the prize money of the AFCON Winner to seven million dollars which is a 40 per cent increase from the previous prize money.
“I am confident that a portion of the prize money will contribute to developing football and also benefit all the football stakeholders, as well as assist our member associations with their administrations,”he added
It is worth noting that the 2023 AFCON is scheduled to commence on January 13 and conclude on February 11 in Cote d’Ivoire.
The tournament will feature the participation of 24 nations.
The Super Eagles of Nigeria were held to a frustrating 1-1 draw by the Warriors of Zimbabwe in a crucial FIFA World Cup qualifier at the Godswill Akpabio International Stadium in Akwa Ibom State.
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The Nigerian Exchange Group (NGX) has reinforced its commitment to youth empowerment and socioeconomic growth through a strategic partnership with The Athletics School Games (TASG)
The TASG is an annual sporting event bringing together young athletes from private schools in Lagos, Biztellers reports.
The initiative aligns with the NGX Group’s corporate social responsibility (CSR) focus on community development, underscoring the Group’s belief in nurturing well-rounded future leaders through sports, discipline, and teamwork.
Held on Saturday, March 22nd, at the Yaba College of Technology Sports Complex, the event provided a dynamic platform for students to showcase their athletic talent while cultivating essential life skills such as resilience, collaboration, and leadership, qualities critical for success in today’s competitive global economy.
The involvement of NGX Group extends beyond sponsorship, reflecting a deliberate strategy to support initiatives that bridge education, leadership, and economic opportunity.
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Head, Group Communications and Partnerships at NGX Group, Clifford Akpolo, emphasized the significance of the partnership: “As a key institution in Nigeria’s financial ecosystem, NGX Group understands that sustainable development begins with investing in human capital. Our support for The Athletics School Games goes beyond sports, it is about equipping young Nigerians with the discipline, teamwork, and determination needed to excel in business, finance, and entrepreneurship. This initiative is a cornerstone of our broader mission to foster a resilient economy powered by capable, well-rounded individuals.”
On his part, the event’s initiator, Seun Akinbohun, highlighted TASG’s role in unlocking opportunities for young athletes: “This initiative is designed to create pathways for athletes to excel and be discovered by scouts. There are so many opportunities for kids in TASG, and I am glad we are contributing to their development. We have expanded the event to include more participants, age categories, and flexibility. I am excited to bring the experience from the first edition into the second, with a larger technical committee and more experienced personnel.”
The event featured a wide range of track and field competitions, including sprints, relays, long-distance races, high jump and long jump. Beyond medals and trophies, the games emphasized personal growth, resilience, and the value of teamwork, qualities that extend far beyond the sporting arena into leadership and professional development.
By collaborating with organizations like TASG, NGX Group continues to play a pivotal role in shaping Nigeria’s future workforce. This partnership exemplifies how private sector engagement in youth development can create lasting socioeconomic impact, aligning with NGX Group’s vision of a more inclusive and sustainable economy.
The Niger Delta Sports Festival (NDSF) torch tour continued through Edo State with the Deputy Governor, Dennis Idahosa and the Executive Chairman of the Edo State Sports Commission, Honorable Amadin Enabulele and Festival Ambassador, Patience Igbiti on hand to receive it.
The Festival Torch which commenced the tour of the nine mandate states of the Niger Delta Development Commission (NDDC) in Bayelsa State, is part of events the organisers are using to create awareness for the games which holds in Uyo, Akwa Ibom State from April 1-8.
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About 3000 Athletes will be competing for honours in 17 sporting events with an age restriction of not over 25 years of age.
The competition will hold at five venues including the Godswill Akpabio Stadium, Uyo Township Stadium, Dakkada Skills Acquisition Centre, Itam West Secondary School and Ultrafit Sports Club.
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