NFF to stop paying national teams dollar-denominated bonuses due to cash crunch

altNIGERIAN Football Federation (NFF) officials are to stop paying dollar-denominated bonuses to members of the Super Eagles and other national teams as part of the ongoing control of public finances.

 

Like all other parastatals, the NFF is having to manage its budget more efficiently due to the reduction in the grant it is receiving from the federal government. As a result, the federation's technical committee resolved to replace the dollar-denominated match bonuses with a performance-based bonus when the World Cup qualifiers begin.

 

At its meeting in Abuja yesterday, the technical committee recommended that the new bonus will be tied to how the national teams fared in any given championship. Its recommendation will now go to the NFF full council for ratification.

 

Under the new regime, during the qualifiers for the forthcoming Russia 2018 World Cup, Super Eagles players will no longer be paid the usual $10,000 each as match bonus per match. Rather the federation will tell them how much they stand to gain if they qualify for the tournament and they are also to be paid in naira for any match played at home.

 

One NFF source said: “We all agree that the revenue base of the federation is dwindling by the day and if you consider the new policy of the government on foreign exchange, you must agree that there is no way we can sustain the era of paying each Super Eagles player $10,000 per match and when we fail to qualify for the tournament, the federation loses everything. Now we will be paying them based on their collective performance as a team like it is done in most other countries of the world.”

 

Also, the U17 team the Golden Eaglets players will no longer be paid match bonuses in foreign currencies. Henceforth parents of the Eaglets will also be made to sign an undertaking to attest to their real ages.

 

According to the NFF, this is because as minors they are not supposed to be given huge sums of money. Instead they will be paid camp allowances while their parents will collect their bonuses in naira on their behalf.

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