President Bola Tinubu has rewarded Nigeria’s victorious U-17 women’s national football team, the Flamingos, with Federal Government Savings Bonds worth N100 million for each player following their historic triumph at the FIFA U-17 Women’s World Cup.
The President, represented by First Lady Senator Oluremi Tinubu, announced the reward on Wednesday when she received the players, coaches and officials at the State House, Abuja.
The team’s head coach was also awarded a N100 million savings bond, while members of the technical crew received N50 million each in cash.
Chairman of the National Sports Commission, Shehu Dikko, said the decision to present the players with savings bonds rather than immediate cash payments was aimed at securing their financial future, considering that most of them are still teenagers.
He explained that the bonds would mature after five years and generate annual interest, providing the young footballers with financial resources to support their education, training and other needs.
Dikko noted that the arrangement would allow the players to benefit from their reward while giving them time to attain adulthood and make informed financial decisions.
The Flamingos made history by becoming the first African team to win the FIFA U-17 Women’s World Cup, following their 2-1 victory over Japan in the final in Rabat, Morocco.
(Editor: Roluke Ogundele)
