How the Football Industry in Nigeria Can Aid Economic Recovery - in this Time of Recession

I am just thinking aloud. Nigeria's football industry can actually help in the recovery of the economy from recession to boom, if the right planning, strategies and implementations are put in place.

I am not saying Nigeria football industry will turn around the economy like a bot, What I'm saying is, it can HELP, within its capacity.

Hear me out. Our economy have been invaded by China market, we virtually import everything from China, USA and the UK. But one thing we can export to these countries is the abundant supply of football talents. Does that get you thinking?

Although, Nigeria is majorly an import oriented economy, but the football industry is exceptional. The Nigerian football industry is an export oriented sport economy with the potential to earn foreign exchange worth upto $5 billion USD per year.

Nigerian players are exported around the world, from Isreal toVietiam; from China to Bangladesh; from UK to USA, everywhere you can think of. And the players earn foreign currencies: Dollars, Euros and Pounds... The transfer fees, VAT... should begin to impact on the growth of Nigerian clubs and the economy.

It is a matter that should be given serious attention by the minister of sports. The football industry is marture enough to stop sucking the beast of government. The ministry should set up a process that would fully commercialize the sport as a businesss not just a youth development social service.

What l'm saying is this. It is time for government to STOP giving hand outs to NFF, LMC, enable these organizations, as a matter of necessity, develop their revenue and profit centers. As it is, the transfer market operations have the capacity to bring more revenue and profit more than say, TV rights, Sponsorships or stadium gate takings (tickets).

There is need to properly organize and regulate Nigeria transfer market operations in a way it will begin to impact on the growth of the industry and the entire economy as a whole.


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