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Home Companies Corporate Press Releases

How sport can build a N2 trillion economy for Nigeria

NM Press by NM Press
July 18, 2022
in Corporate Press Releases
How sport can build a N2 trillion economy for Nigeria
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The Nigerian Sport industry can deliver a N2 trillion economy if the nation build a sustainable pathway for raw talents across the nation.

This was disclosed by the Chief Executive of Sports Nigeria, Nkechi Obi, at the unveiling of the Sport Nigeria brand.

According to her, if necessary infrastructures are provided for raw talents across the nation, Nigeria boosts her economy value.

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What Obi is saying about Sport Nigeria

He said, “it is not about going to the Olympics. I always want people to understand; that it is not about going to the World Cup. We will always go and there will always be 22 people who will always suit up. There will always be 30, 40, or 50 people, who we will send to the Olympics, it is not about that.

“It is about the 100 million people, who want to do sports and they have no where to go…who are prepared to spend N100 everyday, fulfilling their passion and deliver a N2 trillion economy…it is about us having a sustainable part way for a raw talent to go for another raw talent to finish all that.”

He added that there are enough talents in the country rather looking for ancestral root outside to come and represent Nigeria.

Chairman, Sports Nigeria, Babatunde Folawiyo, said, “the initiative is a vicious circle because as you make more impact on the social side, it encourages the business side. As you make more impact on the business side, it leads you to greater achievement on the social side,” adding, “they all combine to feed each other and hopefully, we will get to the spot where the rest of the world has gotten to.”

Minister of Youth and Sports Development, Mr. Sunday Dare, said, “It is a private-driven intervention agency formed to develop the sports industry in the country, by harnessing and deploying investment, development and private sector funds across the value chain implementation.

“This in tandem with the position of the government that sports must operate as an industry and an area of economic activity with a fully developed value chain.

“This event signposts the future of sports development, but more importantly takes the audacious step needed to galvanise everyone to action.

“The government, private sector, sports stakeholders, sponsors, the international community must respond to the emerging opportunities in the sector,” he said.

Dare added, “the government has since revved up with the reclassification of sports as an industry over a year ago. The NESG was central to the success and progress we have made thus far.

“The final draft of the NSIP has been submitted and awaiting presentation. Until then, we will wait. Yes. We need the government and private to make it work, but we need to put its operation in the hands of the private sector while government restricts itself to regulations and policy.

“We hope to work with Sports Nigeria as pioneers in this journey.”

Tags: Sports Nigeria
NM Press

NM Press

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