Friday, November 8, 2013

Nigeria Football Federation disclose financial concerns over next weekend’s World Cup play-off


Just one more step closer to Brazil 2014, the Super Eagles of are slated to face their last obstacle as they take on Ethiopia in Calabar Nigeria in the second-leg of the WCQ play-offs later this month. However, the hopes of winning a ticket to next year’s World Cup comes some big financial concerns as the Nigeria Football Federation (NFF) announced recently that they will again have to borrow for next weekend’s 2014 World Cup playoff against Ethiopia.

To host the World Cup qualifier which is coming up on November 16th, the NFF will need at least 50 million Naira; the money will be used to cover match bonuses as well as the return ticket refunds for the team and also logistical costs.
According the NFF officials, cost has been reduced because of the part sponsorship from the Cross Rivers State Government.

“We will again be forced to borrow to fund this match,” a top NFF official told MTNFootball.com

“We are seriously broke as we only receive a monthly subvention of 52 million Naira from government and this is far from adequate to cover our many costs.”

NFF officials also disclosed that their finances took a direct hit when the over 700 million Naira spent for the 2013 Africa Cup of Nations was removed from the federation’s annual budget by government.

“It was to have been a special grant but government later decided it should come from our budget,” another top official said.