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Tinubu hands each world champion Flamingo N100m in savings bonds

Diajem News· 2 min read· 4 days ago

Every member of Nigeria’s history-making Flamingos squad will receive N100 million in Federal Government savings bonds after the teenagers became Africa’s first women’s world champions at FIFA level.

Main image: DGBN graphic. Photo: Wikimedia Morocco / Wikimedia Commons, CC BY-SA 4.0

The reward was announced on Wednesday at the Presidential Villa in Abuja, where First Lady Oluremi Tinubu received the players and their officials on behalf of President Bola Tinubu. The head coach will also receive N100 million, while each member of the technical crew gets N50 million, according to reports from Leadership and Daily Trust.

A first for African football

The Flamingos beat Japan 2-1 in Rabat, Morocco, on Saturday to lift the FIFA U-17 Women’s World Cup. Awawu Bashiru opened the scoring before Oluebube Umejiaku doubled the lead early in the second half; Japan pulled one back late but Nigeria held on.

It was a remarkable run. Nigeria lost their opening game to Poland, then won six in a row, including a 3-1 victory over defending champions North Korea and a 3-1 semi-final win over Brazil. Umejiaku, who started the tournament on the bench, finished with the Golden Ball. DGBN covered the squad’s dramatic progress, including the late Oduntan penalty that saw off Venezuela.

Why bonds, not cash

National Sports Commission chairman Shehu Dikko said the decision to use savings bonds rather than hand over cash was deliberate, because most of the players are still teenagers. He said the five-year bonds would pay interest monthly, giving each player a regular income for education, training and family needs, while the capital stays protected until they are adults.

“There is no need to flood them with money that can distort their career,” Dikko said, adding that no parent would hand a 16-year-old N100 million outright but could invest it so they have money to set up their lives at 20. The First Lady said the funds would be held in trust for the players in designated banks.

On the team’s future, Dikko said the commission would check how many players remain eligible for the next U-17 cycle before deciding whether the coach stays at that level or moves up with the group.

Why it matters

Rewards for Nigerian sporting heroes have too often been promised and then delayed. Structuring this one as long-term savings sets a notable precedent, and it lands as Africa celebrates a breakthrough that shows the continent’s young women can beat the world’s best. For girls across Africa and the diaspora, the Flamingos are now proof that the global game’s top prizes are within reach.