NFF Proposes N7.2 Billion Budget for 2016

 The  board of the Nigeria Football Federation (NFF)  has proposed a budget of N7.2 billion for 2016  before  football stakeholders at the Annual General Assembly (AGA) held in Abuja this week.

Much of the federation’s revenue is expected to be generated via government subventions, local sponsorship, FIFA grants and local competitions.

International football bodies FIFA and CAF will provide as grants $250,000 and $100,000, estimated at N79million while income from the local league will amount to N34.5 million.

Expected subvention for the forthcoming year put at N6.1 billion, with N5.8 billion is the money proposed to be spent on sporting activities, while N324,795,509 is budgeted for recurrent expenditure.

The football campaign by Dream Team VI at the Olympic Games in Rio de Janeiro will gulp N369 million, and the federation has estimated N89 million as the cost of international friendly matches while another N279 million is set aside for the team during the Olympic football competition proper in Brazil.

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