• Login
  • Register
Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
Nairametrics
No Result
View All Result
Home Business News

FG approves tax exemption, single-digit loan rates for investors to boost Nigeria’s sports value chain

William Ukpe by William Ukpe
November 3, 2022
in Business News, Sports
FG approves tax exemption, single-digit loan rates for investors to boost Nigeria’s sports value chain
Share on FacebookShare on TwitterShare on Linkedin

The Nigerian Government has approved tax exemption and rebate for 5 years and single-digit loan interest rates for sports investors under the National Sports Industry Policy (NSIP).

This was disclosed in a statement by the Federal Ministry of Youth and Sports at the end of the Federal Executive Council meeting held on Wednesday.

Nairametrics understands that the policy will also support athletes through an Independent Athletes Welfare Fund (AWF).

RelatedStories

FG, States and LGAs share N1.35 trillion as FAAC allocation in June

Nigeria’s urban future: FEC endorses landmark policy with 15-minute city model, planning bodies 

June 3, 2025
FG, States and LGAs share N1.35 trillion as FAAC allocation in June

FEC approves N187 billion for remaining 96km of Benin–Shagamu–Ore Road 

May 7, 2025

Ministry of Youth and Sports proposed the policy: The statement said the National Sports Industry Policy (NSIP) was proposed by the Ministry of Youth and Sports Development. Part of the statement said:

  • “This approval was given during its meeting on Wednesday, bringing to a positive end the efforts of the Sports Ministry under the headship of Minister Sunday Dare to get the policy document in place for the administration of sports in the country.”

More details of approved incentives: Some of the approved incentives as outlined in the policy document include the following-

  • Tax exemption and rebate for 5 years for investors in the value chain of sports.
  • Land provision and waiver for certain fees on lands meant for sports.
  • Single-digit loan interest rates for corporate organisations and private individuals investing in the sports value chain.
  • Independent Government Grants through the establishment of an Independent Athletes Welfare Fund (AWF) from which athletes can draw support.

The move is expected to boost sports investments in Africa’s largest nation which has an underdeveloped sports infrastructure and has historically been underperforming at the Olympics.


Follow us for Breaking News and Market Intelligence.
Tags: Federal Executive CouncilNational Sports Industry PolicyNSIP
William Ukpe

William Ukpe

For further inquiries about this article contact: Email: william.ukpe@nairametrics.com or outreach@nairametrics.com. Twitter: @_sirwilliam_ @nairametrics.

Related Posts

FG, States and LGAs share N1.35 trillion as FAAC allocation in June
Real Estate and Construction

Nigeria’s urban future: FEC endorses landmark policy with 15-minute city model, planning bodies 

June 3, 2025
FG, States and LGAs share N1.35 trillion as FAAC allocation in June
Real Estate and Construction

FEC approves N187 billion for remaining 96km of Benin–Shagamu–Ore Road 

May 7, 2025
FG, States and LGAs share N1.35 trillion as FAAC allocation in June
Real Estate and Construction

FEC approves $651.7 million for 7th Axial Road project linking Lekki Deep Seaport to southern, northern states 

May 6, 2025
Nigeria joins Asian Infrastructure Investment Bank to unlock economic growth and development 
Economy

Nigeria joins Asian Infrastructure Investment Bank to unlock economic growth and development 

May 6, 2025
FG, States and LGAs share N1.35 trillion as FAAC allocation in June
Agriculture

FEC approves bill to establish National Cocoa Management Board 

May 5, 2025
FG, States and LGAs share N1.35 trillion as FAAC allocation in June
Real Estate and Construction

FEC approves upward review of Lagos Outer Marina shore protection contract to N176 billion 

March 6, 2025
Next Post
Nigeria’s used car import drops as dealers fault naira depreciation, clearing cost

Nigeria’s used car import drops as dealers fault naira depreciation, clearing cost

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Emple
nlng
first bank
Zenth Bank








DUNS

Recent News

  • Gold Market: May 2025 overview and June 2025 outlook
  • AI-driven ID fraud surges in Africa as traditional scams decline – Report   
  • Latest Israel-Iran attacks could trigger fuel price increase in Nigeria – Analysts warn 

Follow us on social media:

Recent News

Gold Market: May 2025 overview and June 2025 outlook

Gold Market: May 2025 overview and June 2025 outlook

June 13, 2025
Banking Fraud

AI-driven ID fraud surges in Africa as traditional scams decline – Report   

June 13, 2025
  • iOS App
  • Android App
  • Contact Us
  • Home
  • Markets
  • Sectors
  • Economy
  • Business News
  • Financial Literacy
  • Disclaimer
  • Ads Disclaimer
  • Copyright Infringement

© 2025 Nairametrics

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Social Media Auto Publish Powered By : XYZScripts.com
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Login
  • Sign Up

© 2025 Nairametrics