Youth and Sports Development Minister Sunday Dare says the country’s new Sports Industry Policy will serve as a catalyst to transform sport into a large business sector when operational.
The minister said this in Abuja at a seminar organized by the Federal Capital Territory chapter of the Sports Writers Association of Nigeria (SWAN).
Dare, who lamented the lack of funds to properly administer the more than 36 sports federations and facilities in the country, emphasized the need for private sector participation.
“We cannot continue to rely on the budget allocation to perform sports in the country, the private sector must enter.
“The new Sports Industry Policy seeks to create an enabling environment for sports to flourish and for the private sector to enter,” he said.
He said that, when approved, the policy will address the four key areas of Infrastructure, Investment, Incentives and Policy to transform Nigerian sport.
Journalists report that the new Sports Industry Policy will be submitted to the Federal Executive Council (FEC) for final approval.
Dare said the ministry was already partnering with the private sector to rehabilitate the country’s main stadiums, among other projects.
He said that modern sports had become scientific and Nigeria must also connect, especially in the area of data, statistics and modern equipment to compete globally.
The minister said he would continuously work with stakeholders, especially the media, to transform Nigerian sport in accordance with international best practices.