Nigeria’s Flamingos players are set to benefit from long-term financial returns after the Federal Government announced a N100 million reward for each member of the squad following their historic 2026 FIFA U17 Women’s World Cup triumph.
The rewards were announced by First Lady Senator Oluremi Tinubu during a reception for the victorious team at the Presidential Villa in Abuja on Wednesday.
However, rather than receiving the money as immediate cash payments, each player will have the N100 million invested in Federal Government Savings Bonds, allowing the funds to generate monthly returns over the investment period.
According to a statement released by the Nigeria Football Federation (NFF), the players will receive certificates confirming their individual investments, with the principal amounts expected to remain intact after five years.
The arrangement means the young footballers will have access to a substantial financial asset when they become eligible to withdraw the funds, rather than receiving the entire reward immediately.
The NFF statement explained: “With the monies going into Federal Government Savings Bond, they will be presented with certificates for the amount which will generate monthly returns and will still be intact after five years.”
The reward package also recognised the team’s technical crew, with head coach Akeem Ishola Busari receiving N100 million in cash, while his assistants will each receive N50 million.
The First Lady praised the Flamingos for their determination and fighting spirit, particularly after recovering from defeat in their opening match to become the first African team to win the FIFA U17 Women’s World Cup.
Chairman of the National Sports Commission, Shehu Dikko, also commended the players and highlighted the contribution of women’s football to Nigeria’s achievements in international sports.
The team later received another N100 million from the Senate, with Senate President Godswill Akpabio presenting the additional reward in recognition of their historic accomplishment.
The financial recognition has generated significant reactions, particularly because of the decision to preserve the players’ individual rewards through government-backed investments.
