[Authority] The Nigeria Football Federation (NFF) is guaranteed more funding by the World football governing body, FIFA following an increment in financial support from Zuich.
FIFA says it is “significantly” increasing financial support for member associations and football development to 5 million US dollars per four-year cycle for each member association from 1.6 million USD per cycle.”
This means the NFF and designated member associations have access to 750,000 US dollars per year for football projects such as pitches, competitions and women’s football according to the report.
And every association also receives up to 500,000 US dollars per year for running costs in areas including administration and governance.
This is part of FIFA’s overhauled development programme annunciated by the FIFA Development Committee, chaired by FIFA vice-president and AFC President Shaikh Salman Bin Ebrahim Al Khalifa.
The committee met in Zurich yesterday to put in motion machinery for the implementation of FIFA’s overhauled development programme approved by the FIFA Congress in May 2016.
According to report by FIFA, the financial increment is a special development support for member countries under the aegis of the FIFA Forward Football Development Programme.
The process for the implementation commences from June 1, 2017 and the governing body is also increasing its financial support for the six confederations so that they can do more to develop football in their regions.
Confederations now receive 40 million US dollars per four-year cycle for football development, up from 22 million US dollars.
The report also said “FIFA will introduce enhanced oversight controls to ensure that this increase in football development spending is transparent, including the publication of member associations’ and confederations’ annual financial statements on FIFA.com and annual accounts audited by an independent auditor as presented in the Forward Regulations.”
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