Click to Join us ON FACEBOOK Click Here

logo image
Want To Contact Us? Click Here
Email: Online@naijaport.com.ng
Tel: +2348085451129, +2348132215700

See Our Official Administrators


’Nov’
’12’
Youth And Sports Ministry Gets Boost Of 140 Billion As FEC Approves National Development Plan (NDP) 2021-2025

lootonigeriabn

For the first time in the history of Nigeria’s National Development Plan, Sports is now included as a business with the plan to inject 80 billion into sports development over a period of 4 years- 2021-2025.

Recall that in the Economic Recovery and Growth Plan (ERGP) 2017-2020, Sports was totally excluded and ended up with zero budget.

The Approval reclassifying Sports as a business by President Muhammadu Buhari last year after the presentation of the Minister of Youth and Sports Development to the Federal Executive Council was instrumental in bringing sports into the business category in the budgeting process.

Thus, it can be said that the reclassification of Sports as business and no more mere recreation paved the way for sports in the National Development Plan, hence the 80 billion earmarked for sports. The second boost for this new budget is the efforts by the Ministry to deliver a National Sports Industry Policy (NSIP).

The Minister had championed the need to build a business model around Nigeria’s Sports Development with the mantra of Sports as a business.

Working with critical stakeholders, a final draft of the policy is under review by the Ministry of Justice.
Very interestingly, the NDP 2021-2025 harped on the legal and regulatory framework needed to drive Sports as a business, hence, the Sports industry and the budget were approved.

The NDP also gave Youth development a boost of 60 billion earmarked for youth development focusing on building a robust MSME growth, Entrepreneurship, and overall Human capital development now classified as under social development.

Under the NDP, Youth, and Sports together have secured 140 billion- a record no doubt.

The Federal Ministry of Youth and Sports Development is now on the National Steering Committee of the NDP 2021-2025

Want More Trending Video ? Click Here


No Comments Yet

Comment Below

Your Comment Is Highly Appreciated!!



Can't Find It? Search Here




–FACE OF THE WEEK–

I Love Her But She Doesn’t Want To Date Me Because I’m Broke

FULL DETAILS


–MUSIC OF THE WEEK–

Title: [Music] Scotty- Necessary

DOWNLOD


–VIDEO OF THE WEEK–

Title: Highstar-Checkmate(Video)

DOWNLOAD


FAST LINK

Copyright © 2013 - 2021 NAIJAPORT | Designed by: PRINCIPAL PHEXZEE | Phone: +2348132215700 | Whatsapp:+2348085451129 | E-mail: NaijaportOnline@gmail.com