The Federal Government has approved the adoption of the National Sports Industry Policy (NSIP) for full implementation.
John Owan Enoh, Minister of Sports Development who stated this on Saturday in Abuja at a news conference, said the document provides an opportunity for corporate and private sector participation in the development of sports in the country.
Enoh said the NSIP approved in the last administration has been hung for implementation in the current government to boost sports development, and noted that the Tinubu-led administration will ensure that the plans are delivered for positive change across all sectors, particularly sports.
“The National Sports Industry Policy as approved by the last administration has received endorsement by the current administration, led by our president, His Excellency, Bola Ahmed Tinubu,” he said.
He stated that the inter-ministerial committee set up in the last administration, comprising the Ministries of Sports, Finance, and Federal Inland Revenue Service was for the committee to agree on a series of incentives, which the government is expected to approve.
“It is important that going forward, the investments and funding for sports should come from the private sector, as obtainable in other parts of the world,” he added.
The minister noted that the thrust of the policy is to advance sports as a business beyond mere recreation, and emphasized the need for the country to return to the days when the private sector was a major player in sports.
“One of the plans of the Federal Ministry of Sports Development is to see how to sell sports to the private sector.
“We want to build the trust and confidence of the private sector so that competitions and the initiatives of the ministry can enjoy the support and endorsement of the private sector,” he said.
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