Ogun floats N1bn fund for National Sport Festival and Youth Games

Ogun State Government has signed a memorandum of understanding with a sports marketing company to raise N1 billion to finance the state contingent to the forthcoming National Sports Festival in Calabar.

Youth and Sports Commissioner, Afolabi Afuwape, who signed the agreement with the company, Coral and Roses Limited in Abeokuta, said the proposed fund would also be used for National Youth Games.

The commissioner said the company was approached to raise the fund due to the financial crisis facing the country.

The company’s Chief Executive Officer, Olaseni Egbeyemi, said the company officials would soon arrive Abeokuta to unveil a logo for raising the proposed N1 billion fund.

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