Monday, May 10, 2010

Government approves U.S. $8 Million for 2010 World Cup

The federal Government has approved a budget of N1.25 billion (over $8 million) for the country's participation in next month's World Cup in South Africa. exclusively gathered that while the Nigeria Football Federation (NFF) will receive N900 million, its supervising agency, the National Sports Commission (NSC), will get N350 million.

This expenditure will cover players' match bonuses and allowances, as well as hotel accommodation during the tournament, as the world football governing body, FIFA, will only subsidise a player's boarding by $400-a-night.

Nigeria will in turn pay $700-a-night for rooms at the team's new World Cup training base at four-star Waterfront Hotel, Richards Bay.

The Super Eagles will earn $9 million from FIFA for featuring in the first round of the championship, but will receive more, if it progresses to the knockout stage.

A breakdown of this is one million dollars as training grant, which the team have since received, and $8 million for featuring in the group stage, which it will get after the tournament.

For the Africa Cup of Nations in Angola, the government also approved a budget of N500 million (over $3 million) for the competition.

However, gathered that the NFF has spent over N700 million (about $4.6 million).

The NFF have since demanded a refund of N200 million from the Presidential Task Force (PTF), a committee set up to complement the efforts of the football association leading to the World Cup.

Daily Independent

Related stories: World Cup hotel too noisy for Super Eagles

Video overview of Group B in the 2010 World Cup 

The World Cup comes to Nigeria

 Interview with Super Eagles new coach Lars Lagerback

No comments:

Post a Comment