Back
According to a report by The Punch on Wednesday, November 11, 2026, President Bola Tinubu has rolled out the red carpet for Nigeria’s record-breaking U-17 women’s national football team, the Flamingos, following their historic triumph as the first African side to lift the FIFA U-17 Women’s World Cup.
During a grand presidential reception held on Wednesday afternoon at the State House in Abuja, First Lady Senator Oluremi Tinubu welcomed the triumphant squad and showered them with unprecedented financial rewards designed to secure their long-term futures.
In a landmark gesture, each player in the squad received Federal Government Savings Bonds valued at N100 million. Meanwhile, the team’s head coach was awarded a savings certificate of equal value, and every technical crew member received N50 million in cash.
Addressing the strategy behind the choice of investment, the Chairman of the National Sports Commission, Shehu Dikko, explained that presenting teenage athletes with raw cash could potentially derail their focus and professional development.
Instead, the government opted for a secure, five-year FGN savings bond yielding high annual interest.
"There is no need to flood them with money that can distort their career... You can invest for your 16-year-old so that at 20 they will have money to set up their life," Dikko stated.
Under the bond structure, the players will not have to wait half a decade to see the benefits. Yielding approximately 12 to 14 percent interest annually, the investment will generate a steady monthly inflow of over N1.1 million for each player.
This guarantees that the young champions have consistent financial support to fund their education, personal training, and family needs while remaining active in their athletic pursuits until they reach adulthood.
The historic victory has sparked immediate discussions regarding the continuity of the squad.
Dikko noted that the National Sports Commission will assess age eligibility to determine how many players can transition into the next U-17 cycle or advance alongside their coaching staff to older age categories like the U-21s.