Basketball

NBBF assures sponsors of maximum mileage

Published

6 years ago

September 15, 2019

…meets Andre Ighoudala

In the light of the continued successes of its National Teams on the international scene, the Nigeria Basketball Federation has assured prospective sponsors of media mileage and global business exposure.

The federation, through its Vice President, Babatunde Ogunade said this on Friday during a meeting with Afro-American basketball superstar, Andre Ighoudala who is on an official trip to Nigeria.

According to Ogunade, the Nigeria Basketball Federation is leaving no stone unturned in boosting its financial capacity as relying on government as its sole financier is not sustainable in the long term.

Ogunade who in the company of fellow board members, Felix Awogu and Oni Afolabi said it was high time sponsors identified basketball as one of the key federations capable of positively exposing their brands to the global market.

“Since we took over in 2017, we have continued to enjoy unimaginable successes on the global stage. D’Tigress have won two Afrobasket titles, gotten to the quarter final of the World Cup while the men won silver medal at the 2017 Afrobasket, first country in the world to qualify for the World Cup as well as finishing as the best African team at the just concluded World Cup to pick the 2020 Olympics ticket.”

“The 3×3 teams have conquered Africa, been to the World Cup and are a strong force to reckon with. Today, I can boldly say basketball is one of the fastest growing sports in Nigeria.”

Sequel to the new found status of basketball on the global stage, the NBBF believes private investors have a lot to gain in terms of media exposure if they partner with the federation.

“All eyes are on our national teams while the global media buzz around the teams have continued to increase. Investors, partners and sponsors have a lot to gain.”

“We have so many grassroots programs, Men’s Divisions one and two, the Zenith Women League and the Men’s Premier League that are in need of attention.”, Ogunade said.

In his response, Ighoudala who has won three NBA titles with the Golden State Warriors as well as the 2010 FIBA World Championship and the 2012 Summer Olympics titles with USA praised the performance of the D’Tigers at the World Cup.

“Congratulations on the qualification for the Olympics. I monitored the performance of the team in China and I was impressed by this amazing team. I also heard about the women’s team which also won the 2019 title. These achievements are commendable.”

Currently on the books of Memphis Grizzlies, the Silicon Valley investor and Jumia Nigeria, Ighoudala assured the federation that he will look at possible ways to partner the federation in growing basketball in Nigeria.

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Basketball

Senate Set to Endorse 30% Value Addition Requirement for Raw Materials

Published

3 weeks ago

May 20, 2025

The Gleamer

Joel Ajayi

The Nigerian Senate has assured Nigerians and Africans that the 30% raw materials bill would be passed this week and transmitted to the House of Representatives for concurrence.
Senate President, Sen. Godswill Akpabio gave the assurance on Tuesday at the opening ceremony of the inaugural Africa Raw Materials Summit 2025, held on Tuesday in Abuja, with the theme, “Shaping the Future of Africa’s Resource Landscape.”

Speaking through the Chairman, Senate Committee on Science and Technology, Sen. Aminu Abbas, Akpabio said, “I can assure you that the 30% value addition bill before the Senate will be passed this week and transmitted to the House Representatives for concurrence.”

Earlier in his speech, he said, “In the Nigerian Senate, we have resolved to be proactive in addressing this structural imbalance. It is in this spirit that I reaffirm our full legislative backing for the 30% Minimum Value-Addition Bill, currently under consideration. This groundbreaking bill mandates that no raw material of Nigerian origin shall be exported without undergoing a minimum of 30% local value addition—whether through processing, refining, packaging, or industrial transformation.

“This legislation is not intended to stifle trade; rather, it is designed to ignite domestic enterprise, create jobs, attract capital, and build resilient value chains that benefit our people.”

“We must reject the historic pattern in which Africa merely supplies inputs while others reap the benefits of innovation, branding, and global market control.” he added.

“It is my hope that this model will be replicated across African nations, with regional centres of excellence established to share data, technologies, and best practices in raw material development.”

He used the opportunity to call on African countries to replicate the legislation in their countries to boost their economies.

“Permit me, therefore, to echo the call for the adoption of an Abuja Declaration on Raw Materials and Industrial Transformation in Africa. Let this declaration not merely reside in summit communiqués but become a living charter—a reference for executive action, legislative alignment, and investment mobilisation.

“Let it guide our representations at the African Union, the G20, and global trade forums where Africa’s voice must no longer be that of a supplier, but that of a producer,” he said.

The Minister of Science Innovation and Technology, Chief Geoffrey Innaji, speaking through the Minister of Transport, said “We are deploying digital tools, traceability infrastructure, and research-to-industry pathways to strengthen intra-African trade under AfCFTA. This is how Africa moves from extraction to transformation—from potential to prosperity.

“Let this summit send a clear message: Africa will no longer export its future in raw form. Our minerals will power industries, our crops will feed global markets, and our youth will drive innovation,” he said.

On his part, the Minister of State for Industry, John Owen, in his speech noted that, “with African continental free trade area, I believe that a lot of opportunities are already being opened to see how we can do much more than we are currently doing, and the statistics in terms of export trade should be less in terms of exporting raw materials and more in terms of exporting finished goods.”

Commenting on the Summit, the Director General Raw Materials Research and Development Council (RMRDC), Prof. Nnanyelugo Ike-Mounso, in his speech said, “Today, in the heart of Africa, we gather not merely for a summit, but for a solemn declaration: Africa shall no longer be the warehouse of raw potential, but the workshop of refined prosperity.”

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