President Bola Tinubu has announced a financial reward of ₦100 million in Federal Government Savings Bonds for each member of Nigeria’s U-17 women’s football team, the Flamingos, following their historic victory in the U-17 Women’s World Cup. The announcement was made during a reception held at the Presidential Villa in Abuja on Wednesday, where the team was honored for defeating Japan to become the first African team to win the tournament.
The President, who was represented at the event by First Lady Senator Oluremi Tinubu, detailed the terms of the investment, noting that the bonds carry an annual interest rate of 14 per cent. The government’s investment in the players is structured over a five-year period.
In addition to the rewards for the players, President Tinubu announced significant cash gifts for the team’s leadership and support staff. The head coach was awarded a cash gift of ₦100 million, while each member of the technical crew received ₦50 million.
The Flamingos secured their place in history by winning the U-17 Women’s World Cup held in Morocco. Their victory marks a milestone for African football, as they are the first team from the continent to claim the title in this age category.
The reception at the Presidential Villa served as the official platform for the President to recognize the team’s achievement and present the financial incentives designed to support the players and staff following their international success.
<small>Source: Vanguard News — read the original story there.</small>
