Founder of Afe Babalola University, Ado Ekiti, Chief Afe Babalola, SAN, on Monday donated N10m to the Nigeria Olympic Fund to support the Nigeria Olympic Fund, an initiative of former Nigerian internationals, to raise funds to support the Nigerian team to the Olympics
He called on corporate bodies and individuals to contribute to sports funding in Nigeria, describing the performance of Team Nigeria at the Rio 2016 as a course for concern.
The Senior Advocate of Nigeria said it was only through such contributions that “we will deliberately turn around our fortunes in sports and indeed other areas of human endeavour. I must point out that government cannot do it alone. There is need for private participation.”
The Executive Director (Technical), Nigeria Olympic Fund, Mary Onyali, hailed Babalola for his support towards sports development, which she said was the reason former Nigerian sportsmen and sports women voted him as the Chairman of the Governing Board of the Basic Olympic Opportunity Sports Training.
She went on to explain how the money would be spent
-10 per cent of the money would go into the National Athlete Welfare Fund to cater for aging sportsmen and women.
-Thirty per cent goes into the Nigeria Olympic Committee Solidarity Fund, which sports federations will be able to assess based on performance.
-Fifty per cent goes into the BOOST project. The balance of 10 per cent shall go into our operational account to drive this advocacy project,”.
The Elite Athletes Programme for Tokyo 2020 will begin in ABUAD.