Audio By Carbonatix
THE Nigeria Football Federation (NFF) will get a total of N1.903,607,400 (one billion, nine hundred and three million, six hundred and seven thousand, four hundred naira) as grant from the Federal Government for its activities in the coming 2013 fiscal year.
The money, which the Federal Government has approved through the Budget Office, is expected to take care of both personnel and overhead expenses as listed by the federation in its budget proposal, which it sent to the Ministry of Finance, through the National Sports Commission (NSC).
A copy of the approved budget document, which the federation sent to the budget office and obtained by The Guardian, shows that the federation proposes to spend N96, 457,729. (ninety-six million, four hundred and fifty seven thousand, seven hundred and twenty nine naira) for its personnel services, while the sum of N1,807,149,671 would be committed to its total overhead.
A breakdown of the budget also indicates that the federation will among other expenses, commit a total sum of N1, 580, 233,671, (one billion, five hundred and eighty million, two hundred and thirty three thousand, six hundred and seventy one naira) for its sporting activities, while its fifteen board members are expected to pick a total sum of N12m as honorarium and seating allowances for the period of 2013.
Also the budget contains a total of N69.3m, which the federation will commit to travels, for both local and international assignments, while it will part with a total sum of N85,740, 204, (eighty-five million, seven hundred and forty thousand, two hundred and four naira) as workers consolidated salary for 2013.
The NFF also set aside a total sum of N20 million for the legal department to tackle all legal battles that may come up in the fiscal year, while N15 million will be spent for welfare of members and staff of the federation.
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Tags:
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Latest Stories
-
Analysis: Why the cedi is depreciating
19 minutes -
Mercy Johnson faces backlash over $18.24 menstrual kit
1 hour -
EU plans to fine Google high triple-digit million euro sum, Handelsblatt reports
1 hour -
Senegal’s Faye names economist Lo as new prime minister
2 hours -
Landslide at Angola illegal gold mine kills 28
2 hours -
The Draft NITA Bill should be shredded
2 hours -
Eni and partners approve new development phase for Ivory Coast project
2 hours -
Govt signals tougher scrutiny before renewing Gold Fields’ Tarkwa lease, Reuters report
2 hours -
Africa must build strong systems to achieve sporting success — Herbert Mensah
2 hours -
Gunmen abduct 25 people in twin attacks in Nigeria’s Kwara state, police say
2 hours -
Ebola patients flee in attacks on Congo health facilities, hobbling response
2 hours -
What Is Wrong with Us: Why we keep uprooting young trees because they have not yet become forests
3 hours -
Senegal’s parliament speaker quits two days after prime minister sacked
3 hours -
WHO chief says fast-moving Ebola epidemic is outpacing response efforts
3 hours -
Rubio says Strait of Hormuz has to be open ‘one way or the other’Â
3 hours