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Sports News of Friday, 12 November 2021

Source: punchng.com

FG boosts sports with N140bn

Federal Government of Nigeria Federal Government of Nigeria

The Federal Executive Council has approved the National Development Plan for 2021-2025. 

A statement issued on Thursday by Toyin Ibitoye, Special Assistant (Multimedia) to the Minister of Youths and Sports Development, said the approval “will, for the first time in history guarantee a N140bn boost for Youth and Sports Development in Nigeria.

He said, “The Federal Ministry of Youth and Sports Development is now on the National Steering Committee of the National Development Plan. 

“Following the reclassification of Sports as a business by President Muhammadu Buhari last year, the National Development Plan will inject N80bn into sports development for the next four years.  

“Before now, sports got zero budget in the Economic Recovery and Growth Plan. There was also a boost for the ministry’s plan to deliver a National Sports Industry Policy. 

“The NDP also gave youth development a N60bn boost. This huge financial injection is earmarked for youth development, focusing on building a robust MSME growth, entrepreneurship and overall human capital development, which are now classified as social development.”