Sports

National Sports Industry Policy: Sports, Finance Ministers Constitute Technical Committee on Implementation

Published

2 years ago

March 7, 2023

The Sports and Youth Development Minister, Sunday Dare and the Minister of Finance Zainab Ahmed
have constituted the Technical Committee to work on the specifics of the incentives package approved in the National Sports Industry Policy passed by the Federal Executive Council on November 2, 2022.

The Committee will be chaired by both Ministers and will have representations from the following ministries and agencies;

i. Federal Ministry of Sports and Youth Development.

ii. Federal Ministry of Finance.

iii. Central Bank of Nigeria.

iv. Federal Inland Revenue Service.

v. Federal Ministry of Trade and Industry.

vi. Customs.

The Technical Committee is expected to work out the fine details of the fiscal incentives outlined in the policy, which emphasizes ‘Sports as business’, and also prepare grounds for more private sector participation in the sports sector.

The approval to apply the Renovate Operate Transfer(ROT), Build Operate and Transfer(BOT), Integrated National Financial Framework(INFF), Nigeria Integrated Infrastructure Master Plan(NIIMP) or any other innovative PPP financing model for the provision, rehabilitation of sports facilities in collaboration with the Ministry of Finance, Budget and National Planning is also a novel aspect of the policy.

The incentives as outlined are :
A) Tax exemption and rebate for a period of 5 years for investors in the value chain of sports.

B) Land provision and waiver for certain fees on lands meant for sports.

C) Single digit loan interest rates for corporate organisations and private individuals investing in the sports value chain.

D) Independent Government Grant through the establishment of an Independent Athletes Welfare Fund(AWF)from which athletes representing the country can draw support for education and trainings.

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Sports

Nigeria Customs Service Embarks on Training Tour

Published

8 hours ago

March 19, 2025

The Gleamer

Joel Ajayi

As part of preparations for the 2025 African Women’s Club Championship, the Nigeria Customs Service women’s volleyball team has embarked on a training tour in Benin Republic.

The tournament is scheduled to take place from April 1 to 14 in Abuja, Nigeria.

The team departed for Benin Republic on Wednesday.

The Sports Secretary of the Nigeria Customs Service, Samuel Onikeku, appreciated the Comptroller General of Customs, Adewale Adeniyi MFR, and his management team for approving the training tour.

He emphasised that the tour would allow the players and coaching crew to assess their level of preparedness for the upcoming championship.

Onikeku expressed confidence in the team’s potential to make a strong impression at the tournament, citing the support received from the Federal Government of Nigeria, particularly through the First Lady, Her Excellency Senator Oluremi Tinubu CON.

He said, “The volleyball team has traveled to Benin Republic for a 10-day training tour. The players have been in camp since February, and this tour will provide them with an opportunity to compete against teams outside the country.

“I want to appreciate the Comptroller General of Customs, Adewale Adeniyi MFR, and his management team for approving this training tour.

“During the training tour, Nigeria Customs Service will take on strong opponents from Benin Republic, Ghana and Togo.

“The support we received from Nigeria’s First Lady, Her Excellency Senator Oluremi Tinubu CON, has been tremendous, and the team is committed to making the country proud.”

He said the service is determined to better their position after finishing fourth place in 2021.

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