NPL sponsors review Prize money upwards

Posted : 13 July 2023

The Champions of Nigeria Premier Football League (NPFL) in the forthcoming 2023/24 season will be rewarded with a princely sum of N150 million courtesy of Nigeria Premier League (NPL) strategic partner, GTI Asset Management and Trust Limited through its novel The Nigeria Football Fund (TNFF).

As the 2023 champions, Enyimba smiled home with a record N100m in prize money aside the NPFL trophy.

Lawal, the Chief Executive Officer (CEO) of GTI Asset Management and Trust Limited disclosed that there would be an upward review of not less than 50 percent increase in prize money for the next NPFL champions.

“We want to create a national asset with the NPFL.

``Last season, we took care of a whole lot of things including the referees indemnities and other officials real time; took care of production and took care of broadcast because we put the NPFL on television and took care of other logistics in the course of that maiden abridged season.

“We put a value on the title and gave the winner, Enyimba N100m which is a clear departure of what was obtainable in the past.

``In fact, I can tell you for free that we are going to give N150m to the winner and we would graduate it down like that to the 2nd and 3rd positions,” he said.

According to the GTI boss, about N1b was spent on the abridged season that saw Enyimba, Remo Stars and Rivers United occupy the top three positions but he reckoned there would be a bigger financial outlay come next season as the NPFL would expectedly run its full circle.

“We spent close to N1b to put together the abridged season but we would spend conservatively five billion naira for this coming season starting in August,” Lawal further said.

“There is so much going into that space because of the structure we have built through The Nigeria Football Fund(TNFF) that is governed by the Nigeria Security & Exchange Commission and this is not only about GTI money; because we have a structure through the TNFF that attracts (financial) liquidity into that space.

“The beauty of it is that all the naira and dollars are being accounted for in a transparent manner because every investor is expecting a return on his investment, because this is big business.

“There is so much creativity and spending going into the league next season and as I said, we are going to commit five billion naira into the NPFL in this coming season,” Lawal added.

NPL sponsors review Prize money upwards

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