“We thank the federal government for reclassifying sports as business to birth the vision of the National Sports Industry Policy in ensuring that sports plays a prominent role in the Nigerian economy while also serving as a platform to achieve social and community development,” the think-tank said in a statement yesterday.
The Federal Executive Council on November 2, 2022 approved the new National Sports Industry Policy . The approval is the culmination of years of positive engagement between the private sector, led by the NESG and the public sector, led by the Federal Ministry of Youth and Sports Development, to ensure the transformation of sports from recreation to business.
The minister of youth and sports development, Mr.
NESG said with the approval of the sports policy, the thrust areas to note include federations and athletes’ development, education, health, capacity development and training, Inclusivity and social development in the community, provision of facilities and infrastructure, economic development, legislative environment and international relations, funding, finance and investment and sports and the digital economy.
Recently, the federal government reclassified sports as a business and not mere recreation to birth the vision of the National Sports Industry Policy in ensuring that sport plays a prominent role as an instrument of national unity, cohesion, promoting health and fitness through mass participation and contributing to economic development and global recognition.
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