The Confederation of African Football (CAF) has announced a significant increase in its annual financial support for national football bodies, raising the per-association grant to $700,000. This decision marks a 33 percent boost to the funding previously allocated to each of the organization’s 54 member associations.
The additional resources are intended to accelerate the development of football across the continent. By increasing the annual disbursement, CAF aims to provide its member nations with greater financial stability to support grassroots initiatives, infrastructure improvements, and competitive programs.
As the governing body for football in Africa, CAF oversees the sport’s administration and competitive calendar for all 54 recognized national associations. The increase in funding reflects a strategic effort to strengthen the sport’s foundation and ensure sustainable growth within the continent’s football ecosystem.
This move underscores the importance of consistent financial backing in the long-term development of national teams and local leagues. The expanded budget is expected to assist member associations in meeting their operational needs and enhancing the overall quality of football in their respective regions.
<small>Source: Punch Nigeria — read the original story there.</small>