The Nigeria Olympic Committee (NOC) will meet tomorrow to agree on
ways to disburse the $100 million palliative package, given to them by
the International Olympic Committee(IOC).
The IOC recently approved a financial package in the region of
$800 million to its member associations to cope with the
financial crisis caused by the COVID-19 pandemic, with about
$100 million of the sum going to national committees.
According to The Guardian, NOC’s Media Officer, Phemmy
Adetula, said the committee would look at ways of supporting
the sports federations in the country with the IOC donation, as
well as aiding preparation of athletes for the Tokyo Olympic
Games that has been postponed to 2021.
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“The IOC’s financial aid or loan to various international sports
federations to cushion the effects of the COVID-19 has been
lingering. I cannot say anything on it until the NOC meets on
Wednesday (today) to deliberate on it and other issues
concerning the Olympics.
“It is only after the meeting that we can tell you and the public
where we stand on the issues. For now, there is nothing NOC
can confirm on the palliative,”
According to multiple reports, the payment was in tandem with
the IOC’s organising responsibilities, adding that it has already
allocated $63 million to sports federations (IFs, or
“international federations”) and $37 million to National
Olympic Committees (or NOCs) making a total of $100 million
Written By ISAAC ISAAC
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