THE Federal Executive Council has approved the National Development Plan for 2021-2025 which will give Nigerian sports a significant lift.
This approval will, for the first time in history, guarantee N140 billion for the Federal Ministry of Youth and Sports Development over the next four years.
The ministry is now on the National Steering Committee of the National Development Plan.
With the reclassification of sports as business by President Muhammadu Buhari last year, the National Development Plan will now inject N80 billion into sports development for the next four years.
Previously, sports was not included in the Economic Recovery and Growth Plan.
There was also a boost for the ministry’s plan to deliver a National Sports Industry Policy.
The NDP also gave youth development an additional N60 billion.
This huge financial injection is earmarked for youth development focusing on building a robust MSME growth, entrepreneurship and overall human capital development which are now classified as social development.
The minister of youth and sports development Sunday Dare had initiated a number of youth and sports development programmes aimed at repositioning both components of his ministry, and his efforts are now bearing fruit.