TheCitizen - It's all about you
  • Home
  • Headlines
  • Latest News
  • Governance
  • Business
  • Financial Crimes
  • Opinion
  • Editorials
No Result
View All Result
TheCitizen - It's all about you
  • Home
  • Headlines
  • Latest News
  • Governance
  • Business
  • Financial Crimes
  • Opinion
  • Editorials
No Result
View All Result
TheCitizen - It's all about you
No Result
View All Result

Economic recession and sports – New Telegraph

The Citizen by The Citizen
September 9 2016
in Public Affairs, Uncategorized
A A
0

Nigeria is in recession. The confirmation came recently after the National Bureau of Statistics (NBS) in a report released last week stated that the Consumer Price Index increased from 16.5 per cent in June to 17.1 per cent in July this year. A total of 79.9 million Nigerians are said to be jobless just as inflation hits an all-time high.

Again, the finance minister, Kemi Adeosun, also confirmed the development and noted that the federal government was working hard to address the situation. This situation was crucial in the administration of sports as the funds meant for various competitions are always delayed or never released. Sports like Taekwondo, table tennis and boxing were affected during the qualifiers for the Olympic Games.

We recall that the athletes suffered neglect as government did not respond when they needed to participate in the qualifiers for the Olympic Games. Nigeria was not represented in the taekwondo event not only because of the crisis in the federation; we believe the ministry of sports should have saved the situation. This is so sad for a sport that earned Nigeria a medal at the 2008 Olympic Games in Beijing.

For the Olympic Games proper, the recession also affected Team Nigeria as funds for the games was released at the eve of the 31st Olympiad that took place between August 5 and 21 in Rio, Brazil. This denied the athletes the opportunity to embark on a training tour which government through the minister of Sports, Solomon Dalung promised them.

The training tour would have helped the preparation. We also confirmed that the money meant to transport the competition kits to athletes in Rio was not paid on time due to the late release of funds. At the games, the athletes were paid what they called ‘equipment allowance’ and three days to the end of the games, the kits arrived

. It was a shame that Team Nigeria competed in Rio with their personal kits. Let us clearly state that the delay in the release of Rio 2016 funds is not a good excuse for the poor performance of Nigeria at the games. Government has never released money on time for any event and may never do so due to the bureaucratic bottlenecks involved in getting almost anything done in the civil service in the country.

The ministry of sports should have been pro-active to source funds for the athletes to continue with their preparation for the games. At the 2012 event in London, Nigeria did not win any medal but four years later, the story is almost the same.

It was the U-23 football team that saved the situation with a hard-won bronze medal in Rio. Going forward, we want the ministry to look into sports funding beyond government. The private sector should be fully involved so that nobody will rely on government funds for preparation and participation in qualifying events of major meets.

Government could sponsor the competition proper while the private sector prepares the athletes for the competition. It is so sad that there is no sports policy in the country to guide ministers in their decisions especially as most of them do not have good background on sports.

There could be a template for multinational companies to sponsor one or two Grade A athletes or a federation for a particular competition. Again, there should be a Trust Fund for sports. The last we can recall about this was for sports and education and the ministry of sports does not have access to the money.

There should be a deliberate plan to take care of the needs of the athletes in terms of facilities, welfare, exposure and much more. Great Britain spent about four million pounds which is the equivalent of N1.6bn on each medal won at the Rio 2016 Olympic Games. They won 27 gold, 23 silver and 38 bronze medals at the games. Here is a country that won just one gold medal at the 1996 Atlanta Olympic Games to place 36th while Nigeria won two gold medals to finish 32nd on the table.

And 20 years after, Great Britain finished second on the table with 27 gold while Nigeria was 78th with only one bronze. We believe the Britons have worked so hard to get this far. To launch their kits for the games, it was a big party in London.

They were a shining example on and off the competition venues in Rio. Nigeria can imbibe the British model of using a Trust Fund to boost sports development in the next 10 year. This is one way we believe the current economic recession will not further hinder the progress of the various talented athletes we have all over the country.

The country is blessed with natural talents that have the potential to rule the world in their sports disciplines but getting our acts together to nurture them to stardom has been a big problem. Countries like Jamaica, Bahamas and now Great Britain have shown Nigeria that with hard work, fortune can change for good for the country in sports.

Previous Post

Fayose: Postponement of Edo guber election a bad signal for democracy, says; “I warned Nigerians”

Next Post

Ayade’s 1,100 political appointees – Tribune

Related Posts

EFCC recoveries: The good, the bad and the ugly – Punch
Public Affairs

EFCC recoveries: The good, the bad and the ugly – Punch

September 11 2026
Football’s house of failure – Punch
Public Affairs

Football’s house of failure – Punch

September 8 2026
FAAC shares N2.09tr to FG, states, local councils as October revenue
Public Affairs

FAAC bonanza: Nigeria’s fiscal paradox – Punch

September 3 2026
Interstate highways of agony, hollow excuses – Punch
Public Affairs

Interstate highways of agony, hollow excuses – Punch

September 1 2026
Mass presence of governors in off-cycle elections – Punch
Public Affairs

Mass presence of governors in off-cycle elections – Punch

August 27 2026
Clerics must preach peace, not division – Punch
Public Affairs

Clerics must preach peace, not division – Punch

August 25 2026
Next Post

Ayade’s 1,100 political appointees - Tribune

TSA and CBN’s weak regulations - Punch

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

FROM THE GRASSROOTS

Lagos demolishes shanties after four die in community clash

Lagos demolishes shanties after four die in community clash

by The Editor
August 30 2026
0

...

Kano, Sokoto, others spend N53.2bn on scholarships abroad

INEC fixes Sept 19 for Kano Assembly by-election

by The Editor
August 27 2026
0

...

Awujale: Ruling House sues Ogun, kingmakers

Awujale: Ruling House sues Ogun, kingmakers

by The Editor
August 25 2026
0

...

Umahi’s son wins Ohaozara chairmanship as APC sweeps all Ebonyi LGAs

Umahi’s son wins Ohaozara chairmanship as APC sweeps all Ebonyi LGAs

by The Editor
August 24 2026
0

...

APPOINTMENTS

Gov. Yahaya swears in 19 new Gombe permanent secretaries

Gov. Yahaya swears in 19 new Gombe permanent secretaries

by The Editor
September 11 2026
0

...

Niger State governor appoints six commissioners-designate, four aides

Niger State governor appoints six commissioners-designate, four aides

by The Editor
September 8 2026
0

...

Tinubu swears in Enitan as new Head of Service

Tinubu swears in Enitan as new Head of Service

by The Editor
August 28 2026
0

...

Tinubu names new Head of Service

Tinubu names new Head of Service

by The Editor
August 19 2026
0

...

ODDITIES

Palliatives: Sokoto residents feared dead in stampede at Wammako’s residence

Police Inspector slumps, dies after fitness exercise

by The Editor
September 3 2026
0

How friend deceived me to sell my kidney, bought phones with payment — Victim

How friend deceived me to sell my kidney, bought phones with payment — Victim

by The Editor
August 30 2026
0

Umahi files N2.5b defamation lawsuit against bloggers

Umahi files N2.5b defamation lawsuit against bloggers

by The Editor
August 26 2026
0

GLOBAL NEWS

US, Israel, Iran agree to 2-week ceasefire as Trump pulls back on threats

US Appeal Court affirms block on Trump bid to curb mail-in ballots

by The Editor
September 11 2026
0

...

Trump promises Americans $5,000 if Republicans win Congress

Trump promises Americans $5,000 if Republicans win Congress

by The Editor
September 11 2026
0

...

UK bans trade in goods from Israeli settlements in occupied West Bank

UK bans trade in goods from Israeli settlements in occupied West Bank

by The Editor
September 8 2026
0

...

Iran President thanks Putin for Russia’s stance in war with US

Iran President thanks Putin for Russia’s stance in war with US

by The Editor
September 1 2026
0

...

Saudi Arabia halts multiple visas for Nigeria, 13 others as U.S. suspends visa dropbox

US outlines two family visa options for permanent residence

by The Editor
September 1 2026
0

...

State of the States

Fubara orders fresh LG elections in Rivers State

Fubara signs N1.84tt Rivers 2026 budget into law

by The Editor
September 3 2026
0

...

Lagos empowers 6,190 residents with free vocational, entrepreneurial skills

Lagos empowers 6,190 residents with free vocational, entrepreneurial skills

by The Editor
September 2 2026
0

...

Gov. Mutfwang convenes security council over Plateau attacks

Gov. Mutfwang convenes security council over Plateau attacks

by The Editor
September 2 2026
0

...

Enugu govt gets commendation for successful hosting of 2nd City Marathon

Enugu govt gets commendation for successful hosting of 2nd City Marathon

by The Editor
September 1 2026
0

...

Plugin Install : Widget Tab Post needs JNews - View Counter to be installed
  • Trending
  • Comments
  • Latest
EFCC recoveries: The good, the bad and the ugly – Punch

EFCC recoveries: The good, the bad and the ugly – Punch

September 11 2026
NCDC takes over Nasarawa office, plans N400m remodeling

NCDC takes over Nasarawa office, plans N400m remodeling

September 11 2026
Ondo LG shuts schools over security concerns

24 die after consuming herbal drinks in Ondo

September 11 2026
Gunmen kill Polaris Bank manager in Imo kidnapping attack

Gunmen kill Polaris Bank manager in Imo kidnapping attack

September 11 2026

EDITORIAL REVIEW

EFCC recoveries: The good, the bad and the ugly – Punch

EFCC recoveries: The good, the bad and the ugly – Punch

by The Editor
September 11 2026
0

Football’s house of failure – Punch

Football’s house of failure – Punch

by The Editor
September 8 2026
0

FAAC shares N2.09tr to FG, states, local councils as October revenue

FAAC bonanza: Nigeria’s fiscal paradox – Punch

by The Editor
September 3 2026
0

Interstate highways of agony, hollow excuses – Punch

Interstate highways of agony, hollow excuses – Punch

by The Editor
September 1 2026
0

Mass presence of governors in off-cycle elections – Punch

Mass presence of governors in off-cycle elections – Punch

by The Editor
August 27 2026
0

Opinion

 Akpakomiza and other stories

by The Editor
September 1 2026
0

...

‘Fake’ Agency: Adeyemi insists DG appointment genuine

Fake agencies: Why Nigeria still needs Oronsaye report

by The Editor
August 25 2026
0

...

How Adeleke danced back from the dead

How Adeleke danced back from the dead

by The Editor
August 19 2026
0

...

Adeleke’s win and the cost of winning at all costs

Adeleke’s win and the cost of winning at all costs

by The Editor
August 18 2026
0

...

Plugin Install : Popular Post Widget need JNews - View Counter to be installed
  • Home
  • Headlines
  • Latest News
  • Governance
  • Business
  • Financial Crimes
  • Opinion
  • Editorials

© 2026 TheCitizen Ng. All Rights Reserved.

No Result
View All Result
  • Home
  • Headlines
  • Latest News
  • Governance
  • Business
  • Financial Crimes
  • Opinion
  • Editorials

© 2026 TheCitizen Ng. All Rights Reserved.