FG THROWS WEIGHT BEHIND NIGERIAN BOXING REVIVAL

..... As Edun assures the NBF of continued collaboration to reposition Nigerian boxing industry for both national and international recognition, aligning it with broader efforts to diversify the nation's economy by leveraging sports as a platform for talent development, youth empowerment, and business growth.

The Nigerian Government has pledged its support for the revitalization of its boxing industry, in a move described as significant which will help to create job opportunities for the  country's teeming youth as well as improve economic growth and socio-economic development of the country.

Disclosing this today is the Honourable Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun, when he received in audience, the Secretary General of the Nigeria Boxing Federation (NBF), Olalekan Faseein in his office in Abuja. 

While emphasising the government’s commitment to using sports as a tool for economic development, the Minister stated that the revitalization of Boxing was a move expected to create new economic opportunities for youth and businesses within the sector.

Edun's backing is set to drive job creation in areas such as coaching, event management, and sports marketing while also providing young athletes with a pathway to professional success.

The Honourable Minister also assured the NBF of continued collaboration to reposition Nigerian boxing industry for both national and international recognition, aligning it with broader efforts to diversify the nation's economy by leveraging sports as a platform for talent development, youth empowerment, and business growth.

Also present at the meeting was Natalia Belousova, Co-founder and CEO of African Knockout, highlighting growing private sector interest in the sport’s economic potential.

With this commitment, the Federal Government reaffirmed its dedication to harnessing the potential of sports to drive economic growth, create opportunities for youth, and promote national pride. 

As Nigerian boxing continues to evolve, its revitalization is poised to yield a brighter future for the sport and its stakeholders

This is contained in a statement issued and signed by Mohammed Manga, Director Information and Public Relations of the Federal Ministry of Finance made available to Naij News Alert on Wednesday, 05, February 2025 in Abuja.