The Nigeria Football Federation NFF will receive around N192 million from the World Football Governing Body FIFA as its share from $150million that FIFA has earmarked for its member associations as palliative due to the coronavirus crisis.
The money is FIFA members’ 2019 and 2020 operational funding.
The second instalment of the 2020 funding was planned to be paid in July, but the world football governing body has decided to fast-track it and make it available right away to also serve as bailout in the face of challenges which the coronavirus scourge has posed.
The cash will be of great assistant to the cash trapped NFF who are yet to finalize the contract agreement of the of the Super Eagles Gernot Rohr.
FIFA in a statement said the pandemic has caused unprecedented crisis for the entire football community across the globe.
FIFA President Gianni Infantino in the statement said it is the duty of the football governing body to support countries that are in need of finance during the covid-19 pandemic.
Meanwhile, the Executive Committee of Nigeria Football Federation NFF says it will cut down its 2020 budget to be able to cope with the current financial challenges following the coronovirus pandemic.
The NFF Executive Committee made this known to newsmen after their meeting on Friday via video conferencing to deliberate on important issues in Nigerian football.
In an eight-point communiqué released after the meeting, the NFF resolved that the Federation should revise its budget for the year, among other stringent measures.
The communiqué directed the Secretary General of NFF Muhammed Sanusi to revise the budget within the next four weeks.
The communique also stated that the revised budget would form the new working document/financial estimate to be submitted to the NFF Congress for approval at a virtual meeting within the next five weeks.