MINISTER of Youth and Sports Development, Mr Sunday Dare says the new draft Sports Industry Policy will transform sports into a big business in the country, when operational.
Dare said this on Tuesday in Abuja at the virtual presentation of the Draft 2020 National Sports Industry Policy.
Members of the steering committee of the Sports Industry Working Group (SIWG), the policy validation committee and the National sport industry policy drafting committee prepared the 172 page document.
Dare said the event has the capacity to change the face of running sports business in Nigeria.
According to him, “this policy no doubt is a new dawn that will drive the process of moving sports away from being recreational to business.”
Dare noted that the document is a review of the 2009 edition, which is principally intended to update the norms and values in the sports industry in achieving the mandate, vision and mission of the Federal Ministry of Youth and Sports Development in line with international best practices.
”It is important to note that this reviewed Policy will proffer solutions to four issues of: Infrastructure, Investment, Incentives and policy, that will take sports to the next level.”
The minister said the document will soon be presented to the public for feedbacks, then submitted to the Attorney-General of Federation to finalise the legal components.
He expects that the document will be presented to the Federal Executive Council by September or October for approval.