₦100M REWARD FOR FLAMINGOS: FG PLANS FIVE-YEAR INVESTMENT TO PAY PLAYERS ₦1.1M MONTHLY

The Federal Government has announced plans to invest the ₦100 million reward promised to each member of Nigeria’s victorious Flamingos squad in five-year Federal Government of Nigeria bonds. The initiative is aimed at securing the players’ financial future while providing them with a steady income.

Chairman of the National Sports Commission, Shehu Dikko, disclosed the arrangement after a presidential reception in Abuja celebrating the Flamingos’ triumph at the 2026 FIFA U-17 Women’s World Cup. He said the investment could generate annual interest of between 12 and 14 per cent, translating to an estimated monthly income of about ₦1.1 million for each player, while preserving the original capital.

Dikko explained that the initiative would support the players’ education, professional training and personal development. He described President Bola Tinubu’s decision to structure the reward as an investment as an unprecedented approach to recognising sporting excellence among young athletes.

The NSC chairman added that the five-year investment would allow the players to access the accumulated benefits when they reach adulthood and are better positioned to manage their finances. He also reaffirmed the government’s commitment to fulfilling financial promises to athletes, citing previous rewards to the Super Falcons and other national teams.

Meanwhile, Premium Trust Bank and telecommunications giant MTN are reportedly planning additional receptions in honour of the champions, while the National Assembly is also preparing to recognise the team. The proposed bond investment is expected to provide the young footballers with regular income and a financial foundation beyond their sporting careers.