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Nigeria Football Federation Signs N400 Million Sponsorship Deal with Premier Lotto

September 18, 2021 | Sports Betting

LAGOS, Nigeria (September 14, 2021) — The Nigeria Football Federation has signed a sponsorship deal with Premier Lotto (Nigerian bookmaker Baba Ijebu) worth N400 million.

Leading financial information and content creation company Nairametrics reported

the President of the NFF, Amaju Pinnick announced this yesterday in a chat with Arise TV.

Speaking moments before the deal during his interview, Pinnick said, “A lot of positives are coming to the Nigerian football federation, and we are ready to get it. We are going for the signing, and we are very grateful to the chairman of Premier Lotto, Kensington Adebutu. He has been very supportive of the Nigerian football federation.

“Today, we are going to be signing a sponsorship deal with them that’s about N400 million for the next three years initial and then renewable. It’s something huge.

“At the end of my tenure, I want to see Nigerian football 100 per cent self-funding without involving government; of course, we thank the government for the past support.”

The sponsorship agreement to be signed with the Premier Lotto would initially last for three years and then renewable for another year.

Pinnick also hinted at another sponsorship agreement with a bank which will be disclosed on the 18th of September. However, the contract will be strictly player based.

“With the signing of Baba Ijebu today, I believe we are at 90-92% of self-funding. And the big one is coming on the 18th of this month. If everything goes well, we will be signing another mega-contract with one of the best massive banks, but that one is strictly player-based: whereby players will have comprehensive insurance once they don the Nigerian jersey,” he said.

SOURCE: Nairametrics,

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