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Revealed: After Rakes in N1.2billion Without Football Activities, NFF Claims It Broke
President, Nigeria Football Federation, NFF, Amaju Pinnick has said that the federation needs more money to execute the upcoming programs of the Super Eagles, Falconets, and Flamingos, BSNSports.com.ng can report.
Speaking on TVC on Wednesday, Pinnick added that the federation has already requested for the financial support from the Federal Government.
“Then, on our part, we also wrote to government requesting f government can, like what they did in Senegal if the government can add $500,000 to $1m to it (FIFA and CAF funds)
“And we are thinking of opening a camp sometime in September for the Super Eagles in Austria where they are expected to play two friendly matches. We also need funds for that as well.”
An independent investigation revealed that the NFF has received over One billion and two hundred and eighteen million nairas (N1,218,000,000) in 2020 when the national team have been involved in only one international match – the Flamingos World Cup cup qualifier against Burkina Faso.
While wondering how the NFF has spent funds received from FIFA, CAF, sponsors as well as the federal government, a Nigerian journalist based in Canada, Adewale Ajayi asked the federation to stop deceiving Nigerians that they are broke.
“The Nigeria football federation has gone about with their usual campaign of no money, we are broke, we need to restrategize if we must meet up with the demands of running football in Nigeria. All these they have done successfully to keep stakeholders off their necks while a few individuals enjoy the benefits in silence.
“NSM Media investigation has unearthed some hidden facts that expose the NFF as not being broke but indeed very buoyant. Between January and June of 2020, the NFF under the leadership of Amaju Melvin Pinnick has raked in over 600 Million Naira from various sources our investigations have revealed.
Below is a breakdown of all the monies recieved by the NFF in the last few months
FIFA GRANTS
500,000 DOLLARS IN TWO INSTALLMENTS TOTALLING 1,000,000 DOLLARS= CONVERTED TO NAIRA =360,000,000 NAIRA
COCA COLA SPONSORSHIP 2020-
800,000 DOLLARS = CONVERTED TO NAIRA =28,000,000
GOVERNMENT ALLOCATIONS CAME IN THREE FOLDS OF 90,000,000
70,000,000, and 50,000,000=
TOTAL= 210,000,000 NAIRA
CAF ALLOCATION OF 250,000,000 DOLLARS. CONVERTED TO NAIRA
= 9,000,000 Naira
FIFA 750,000 DOLLARS FOR SUPER FALCONS PARTICIPATION AT THE WORLD CUP = 27,000,000
BREAKDOWN
FIFA GRANTS==360,000,000
COCA COLA=== 28,000,000
FED GOVT ==210,000,000
CAF == 9,000,000
FALCONS == 27,000,000
TOTAL === 1,218,000,000
Now, is the NFF truly broke? He asked.
In a year that may not see any potential football activity, what will the NFF be doing with all these monies?
It is important to state here that, the Federal Government Allocations came in 3 trenches and all monies were received between May and June this year.
This is happening at a time that the NFF is planning to cut down on expenses by reducing the number of competitions that Nigeria will be taking part in, in the years ahead. The federation announced pulling out in all Beach Soccer competition as well as cancellation of bonuses and allowances for all age-grade national teams.
The NFF is also planning to cut down on the number of the backroom staff in the various National teams as they look forward to the bitting effect of the Corona Virus pandemic on the economy.
NSM MEDIA further scooped that there are still other monies being expected from FIFA and CAF to help the various National associations cushion the effect of the pandemic in the coming months
COPY FROM NSM
Featured
NELFUND: The Renewed Hope Engine Propelling Nigeria’s Youth into Tomorrow
By Dayo Israel, National Youth Leader, APC
As the National Youth Leader of the All Progressives Congress, I have spent most of my tenure fighting for a Nigeria where every young person, regardless of their ward or local government, family income, or circumstance, can chase dreams without the chains of financial despair.
Today, that fight feels like victory, thanks to the Nigerian Education Loan Fund (NELFUND). Launched as a cornerstone of President Bola Ahmed Tinubu’s Renewed Hope Agenda, this initiative isn’t just a policy tweak; it’s a revolution. And under the steady, visionary hand of Managing Director Akintunde Sawyerr, NELFUND has transformed from a bold promise into a roaring engine of opportunity, disbursing over ₦116 billion to more than 396,000 students and shattering barriers for over a million applicants.
Let’s be clear: NELFUND was always destined to be a game-changer. Signed into law by President Tinubu on April 3, 2024, it repealed the outdated 2023 Student Loan Act, replacing it with a modern, inclusive framework that covers tuition, upkeep allowances, and even vocational training—ensuring no Nigerian youth is left on the sidelines of progress.
But what elevates it from groundbreaking to generational? Leadership. Enter Akintunde Sawyerr, the diplomat-turned-executioner whose career reads like a blueprint for results-driven governance. From co-founding the Agricultural Fresh Produce Growers and Exporters Association of Nigeria (AFGEAN) in 2012—backed by icons like former President Olusegun Obasanjo and Dr. Akinwumi Adesina—to steering global logistics at DHL across 21 countries, Sawyerr brings a rare alchemy: strategic foresight fused with unyielding accountability.
As NELFUND’s pioneer MD, he’s turned a fledgling fund into a finely tuned machine, processing over 1 million applications since May 2024 and disbursing ₦116 billion—₦61.33 billion in institutional fees and ₦46.35 billion in upkeep—to students in 231 tertiary institutions nationwide. That’s not bureaucracy; that’s brilliance.
Sawyerr’s touch is everywhere in NELFUND’s ascent. Since the portal’s launch, he’s overseen a digital ecosystem that’s as transparent as it is efficient—seamless verification, BVN-linked tracking, and real-time dashboards that have quashed misinformation and built trust. In just 18 months, the fund has empowered 396,252 students with interest-free loans, many first-generation learners who might otherwise have dropped out.
Sensitization drives in places like Ekiti and Ogun have spiked applications — 12,000 in a single day in one instance, while expansions to vocational centers in Enugu pilot the next wave of skills-based funding. And amid challenges like data mismatches and fee hikes, Sawyerr’s team has iterated relentlessly: aligning disbursements with academic calendars, resuming backlogged upkeep payments for over 3,600 students, and even probing institutional compliance to safeguard every kobo. This isn’t management; it’s mastery—a man who doesn’t just lead but launches futures.
Yet, none of this happens in a vacuum. President Tinubu’s alliance with trailblazers like Sawyerr is the secret sauce securing Nigeria’s tomorrow. The President’s Renewed Hope Agenda isn’t rhetoric; it’s resources—₦100 billion seed capital channeled into a system that prioritizes equity over elitism. Together, they’ve forged a partnership where vision meets velocity: Tinubu’s bold repeal of barriers meets Sawyerr’s boots-on-the-ground execution, turning abstract policy into tangible triumphs. It’s a synergy that’s non-discriminatory by design—Christians, Muslims, every tribe and tongue united in access—fostering national cohesion through classrooms, not courtrooms.
As Sawyerr himself notes, this is “visionary leadership” in action, where the President’s political will ignites reforms that ripple across generations.
Why does this matter to us, Nigeria’s youth? Because NELFUND isn’t handing out handouts—it’s handing out horizons. In a country where 53% of us grapple with unemployment, these loans aren’t just funds; they’re fuel for innovation, entrepreneurship, and endurance.
Picture it: A first-generation polytechnic student in Maiduguri, once sidelined by fees, now graduates debt-free (repayments start two years post-NYSC, employer-deducted for ease) and launches a tech startup. Or a vocational trainee in Enugu, equipped with skills funding, revolutionizing local agriculture. This is quality education that endures—not fleeting certificates, but lifelong launchpads. Sawyerr’s focus on human-centered design ensures loans cover not just books, but bread—upkeep stipends of ₦20,000 monthly keeping hunger at bay so minds can soar. Under his watch, NELFUND has debunked doubts, refuted fraud claims, and delivered results that scream sustainability: Over ₦99.5 billion to 510,000 students by September, with 228 institutions on board.
As youth leaders, we see NELFUND for what it is: A covenant with our future. President Tinubu and MD Sawyerr aren’t just allies; they’re architects of an educated, empowered Nigeria—one where poverty’s grip loosens with every approved application, and innovation blooms from every funded desk. This isn’t charity; it’s an investment in the 70 million of us who will lead tomorrow.
We’ve crossed one million applications not because of luck, but leadership—a duo that’s turning “access denied” into “future unlocked.”
To President Tinubu: Thank you for daring to dream big and backing it with action.
To Akintunde Sawyerr: You’re the executor we needed, proving that one steady hand can steady a nation.
And to every Nigerian youth: Apply. Graduate. Conquer.
Because with NELFUND, your generation isn’t just surviving—it’s thriving, enduring, and eternal.
The Renewed Hope isn’t a slogan; it’s our story, now written in scholarships and success. Let’s keep turning the page.
Dayo Israel is the National Youth Leader of the All Progressives Congress (APC).
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