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NESG lauds FG on the new sports policy

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By Abdulwasiu Usman

NES#23 was the first step in establishing the National Sports Industry Policy.

The Nigerian Economic Summit Group (NESG) lauded the government for its recent passage of the National Sports Industry Policy (NSIP). This green light results from years of a collaborative effort between the commercial sector, spearheaded by NESG, and the public sector, spearheaded by the Federal Ministry of Youth and Sports Development. Notably, the first step in establishing the National Sports Industry Policy was the 23rd Nigerian Economic Summit (NES#23), providing a platform for the NESG to present sports as a commercial enterprise.

This was supplemented at NES#24 in 2018 with a second Breakout Session. Together with the Federal Ministry of Youth and Sports Development, the Nigerian Olympic Committee (NESG) held the 25th NES in 2019 with the goals of institutionalizing sports as a Private Sector driven industry per worldwide best practices and creating thriving youth-based industries to fuel the Nigerian economy. Eleven central ministries (Education, Information & Culture, Women’s Affairs, Justice, Works, Health, Industry, Trade &Investment, Finance, Budget & National Planning, Youth & Sports Development, Science & Technology, Communication & Digital Economy) collaborated on a series of technical meetings to address the issue, the first of its kind in the history of this country.

NESG-hosted sessions engage private and public sectors.

Important partnership aims to explore ideas in Sector-specific breakout sessions and to harmonize cross-cutting, cross-sectoral problems that significantly affect the reform and repositioning of the country’s Sports Industry. The Federal Ministry of Youth and Sports Development and the National Economic and Social Group (NESG) also hosted Inter-Ministerial Technical Sessions to establish a channel for continuous dialogue and engagement between the private and public sectors to plot a long-term strategy for realizing the potential of the Sports Industry and facilitating the growth of the full spectrum of the Sports value chain.

After the sessions, at the NESG Secretariat in Lagos, the NESG and the Federal Ministry of Youth and Sports Development signed the first-ever Memorandum of Understanding (MoU) in Nigeria’s record on the development of the sports industry. The Sports Industry Working Group (SIWG) and its Steering Committee were officially launched by Minister of Youth and Sports Development, Mr. Sunday Dare, in Abuja many months ago, in line with the Ministry’s efforts to guarantee the industrialization of the Nigeria Sports sector and in collaboration with the Nigerian Economic Summit Group (NESG).

NSIP approval paves the way for numerous significant sectors.

The SIWG was tasked with addressing cross-cutting, cross-sectoral cooperation issues in the sports sector and facilitating the repositioning of sports through a comprehensive National Sports Industry Policy, targeted legislation to drive the policy’s implementation, and targeted and constant initiatives, incentives, investments, and interventions to support the policy’s implementation. On July 28, 2020, the NESG, the Federal Ministry of Youth and Sports Development, and key sector players met with the minister of Youth and Sports Development, Sunday Dare, to deliver the NSIP draft report.

NESG explains that the endorsement of the National Sports Industry Policy (NSIP) paves the way for numerous significant sectors. Among the sector are federation and athlete development are education, health, capacity development, and training; community inclusivity and social development; facilities and infrastructure; economic growth; legislative environment and international relations; funding, finance, and investment; and sports and the digital economy. The Federal Government has classified sports as a business rather than a leisure activity to realize the objective of the National Sports Industry Policy, which intends to use sports to promote national unity and cohesion, public health and fitness, economic development, and global recognition.

The sports policy framework was designed to support the industry’s aims.

This resulted in the formation of Sports Nigeria LTD/GTE 2021 to collect, facilitate, and enable the necessary commercial and social business sectors’ investments in the sports industry. The sports policy framework is also designed to assist the industry in achieving its aims. Sports Nigeria LTD/GTE and the NESG convened a dinner session NES#28 to inform the organized private sector, investors, and government, especially at the sub-national level, on how to harness the sports industry to generate a 2% GDP contribution and 2% direct employment by 2030 through an annual revenue objective of two trillion Naira and 3-6 million direct and indirect jobs over 10 years.


Related Link

NESG: Website

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Admin
9 months ago

NESG lauds FG on the new sports policy – NES#23 was the first step in establishing the National Sports Industry Policy. – Express your point of view.

jdpumping
jdpumping
Member
9 months ago

Kudos to the establishmentof NSIP by NESG inorder to care for the health, insurance,training,social,economic and other aspects of development of sports as a whole.

Abusi
Abusi
Member
9 months ago

I hope the new strategy to enhance sport in the country will be fruitful. We have not harnessed the importance of sport yet in our country. We really need to do so. It is also a way to bring people out of poverty.

Ultra0711
Ultra0711
Member
9 months ago

This new sport policy comes with a great potential and prospect. Taking this step is crucial. As an added bonus, it may help the less fortunate climb out of their financial ruts.

Iyanu12345ogg
Iyanu12345ogg
Member
9 months ago

The FGovt has not classifying sports as a business(for profit) rather than a leisure activity to realize the objective of the National Sports Industry Policy, which has plans to use sports to promote national unity and cohesion, public health and fitness, economic development, and global recognition. All these brings about development globally.

Last edited 9 months ago by Iyanu12345ogg
Haykaylyon26
Haykaylyon26
Member
9 months ago

This is good a new sport policy it will really have great effect and impact on sport it is a new development which as many benefit from it in sport

Kazeem1
Kazeem1
Member
9 months ago

This go-ahead is the product of many years of joint labor on the part of the public sector and the private sector, with NESG serving as the driving force behind the former.

Tonerol10
Tonerol10
Member
9 months ago

NESG lauds FG on the new sports policy. Whatever that will improve sport in Nigeria is a welcome development because Nigeria sports is nothing to write home about

Chibuzor
Chibuzor
Member
9 months ago

It’s nice that the Nigerian Olympic Committee (NESG) and the Federal Ministry of Youth and Sports Development have teamed up to institutionalize sports as a private sector-driven enterprise in line with global best practices.

Hassan Isa
Hassan Isa
Member
9 months ago

It’s great that these groups worked together to have a series of technical sessions to solve the problem; they’re the first of their sort in the country’s history.

Adeolastan
Adeolastan
Member
9 months ago

If this policy is well implemented the Nigerians will have a lot to gain from it,from football team owners,the sponsorship,the players down to everybody that have something with football and it will boost economy because will have something to do.

DimOla
DimOla
Member
9 months ago

In this administration sports generally in Nigeria has retrogress and
and we are no where to be found. I hope that will this recent passage of bill by the federal government sport in Nigeria will take a new shape that will soar Nigeria to the peak as one of the best in the world.

Tolaniiii
Tolaniiii
Member
9 months ago

The New England Stewardship Group applauds the FG’s new sports policy. Because Nigerian sports are so mediocre, any improvement is welcome.

Christiana
Christiana
Member
9 months ago

These technical sessions, the first of their kind in the country’s history, are a remarkable example of the parties working together to tackle the problem.

Bola12
Bola12
Member
9 months ago

This green light is the culmination of years of effort from both the public and private sectors working together, with NESG providing as the impetus for the former.

Taiwoo
Taiwoo
Member
9 months ago

establishing vibrant youth-based companies to fuel Nigeria’s economy, and institutionalizing sports as a Private Sector led industry in line with global best practices.

Nwachukwu Kingsley
Nwachukwu Kingsley
Member
9 months ago

The SIWG’s mandate was to develop a comprehensive National Sports Industry Policy that would reposition sports nationally and internationally by tackling cross-cutting, cross-sectoral cooperation challenges in the sports sector.

Adesanyaj72
Adesanyaj72
Member
9 months ago

The National Entertainment and Sports Group (NESG) argues that the approval of the National Sports Industry Policy (NSIP) prepares the door for countless other significant sectors.

Godsewill Ifeanyi
Godsewill Ifeanyi
Member
9 months ago

I have high hopes that the new plan to promote sports in the country will be successful, and I do not believe that our nation has sufficiently recognized the significance of sports so far.

SarahDiv
SarahDiv
Member
9 months ago

NESG lauding Federal Government over a new sports policy shows that this administration has finally gotten it right but too late. There no tangible achievement in sport since the inception of this Buhari-led administration. Hope this new policy will yield results.

theApr
theApr
Member
9 months ago

The Federal Ministry of Youth and Sports Development and NESG have worked together for years to achieve this “green light,” which is the product of their combined efforts.

Remi1
Remi1
Member
9 months ago

An important cooperation aims to unify cross-cutting, cross-sectoral issues that have a substantial impact on the reform and repositioning of the nation’s sports industry as well as to explore ideas in sector-specific breakout sessions