The Federal Ministry of Youths and Sports has signed a Memorandum of Understanding (MoU) with three companies to raise funds for the 2018 Commonwealth Games and the World Cup.
Youths and Sports Minister, Solomon Dalung, while signing the MoU in Abuja, said the move is a step in the right direction to ensure podium performance at the Commonwealth Games and World Cup.
Dalung, who was represented by the Permanent Secretary in the ministry, Adesola Olusade, said 2018 was full of sporting activities, hence the need to source for fund to ensure that Nigeria’s participation was well deserved.
“We are having this partnership because government is constrained with what it can do for sports.
“But we are fortunate to have good hearted individuals who believe in sports development and have done their best in supporting sports,” he said.
He listed the companies to include, Apex-Krane International Construction, which will raise funds for Super Eagles ahead of the 2018 World Cup in Russia.
Others were Aikmeme Nigeria, which will raise funds for Nigeria contingent to the 2018 Commonwealth Games in Gold Coast, Australia, while Timewealth Capital will generate revenue for the development of sports at the grassroots.
Managing Director of Apex-Krane International Construction, Queen Uboh, said the company is working to raise over N1.3 billion to ensure that Nigeria have glorious outing at the 2018 World Cup in Russia.