The Ministry of Youth and Sports has signed an agreement with Greenfield Assets LTD to sponsor and promote the National Sports Festival for the next five editions, reports Completesportsnigeria.com.
The signing event took place on Wednesday in Abuja, had in attendance the Minister of Youth and Sports Development Barrister Solomon Dalung, the Chief Executive Officer of Greenfield Assets, Mr Paul Obanua, the Permanent Secretary of the Ministry, Mr Olusade Adesola and other dignitaries.
Obanua pledged his commitment to make the National Sports Festival an African touchstone in sporting events, a unifying factor and a national pride.
“Through this patriotic partnership, the NSF will serve as a vehicle for discovering, exposing and nurturing talents that can take our country’s sporting profile to the next level,”Obanua said in his remark on Wednesday.
Dalung in a media statement signed by his special adviser on media said that the Ministry approved Greenfield’s proposal following the unwillingness of states to take up hosting rights of the National Sports Festival.
He also called on Greenfield Assets to bring their experience to bear on the successful sponsorship, promotion and hosting of the 2018 edition and subsequent editions.
“The prevailing low capacity and motivation of states to host the National Sports Festival is affecting its sustainability and value to the extent that the NSF is gradually getting moribund.”
“It was against this background that Greenfield’s proposal for sponsorship and promotion of the NSF for the next five years was approved.”
“It is a realistic and strategic option to leverage on private sectors’ capability to mobilize resources that will not only revitalize the NSF but make it more marketable, efficient, innovative and more profitable.”
“This PPP initiative promises a win-win outcome for all stakeholders in the Nigerian sports industry.”
“With this partnership, we shall create a bigger, wider and more inclusive festival open to mature and professional athletes, with robust management, marketing, sponsorship and promotion support base.”
“This will ultimately make the project rival the best sports festivals anywhere in the world.”
The Permanent Secretary of the Ministry, Mr Olusade Adesola however explained that the ownership of the NSF will still reside with the Ministry which will also be in charge of the technical, organizational and host selection aspect of the games.
The 19th National Sports Festival is scheduled to hold from December 6-16, 2018 in Abuja. 36 states of the federation and the Federal Capital Territory are expected to participate.Fastest Paying Betting Site in Nigeria: Grab your 140% First Time Deposit Bonus Now — www.Sportybet.Com Copyright © 2021 Completesports.com All rights reserved. The information contained in Completesports.com may not be published, broadcast, rewritten, or redistributed without the prior written authority of Completesports.com.