Nigeria Basketball Federation has signed a 5-year deal with Total E&P Nigeria worth N150m ( One Hundred and Fifty Million naira) for the sponsorship of the Men’s Divisions One and Two leagues.
The NBBF and Total partnership which will run between 2020 and 2025 will see Divisions One and Two receiving fifteen million naira (N15m) each annually to organize and run the leagues.
Speaking at the event held yesterday in Lagos which had the Minister of Youth and Sports, Sunday Dare in attendance, NBBF President, Engr Musa Kida said the sponsorship by Total E&P which is the first ever partnership with the lower levels of basketball has opened a new vista in the corporate sponsorship of sports in Nigeria.
“Being satisfied with the concept and organization of the leagues in the past two years, we are very elated that Total E&P Nigeria Limited has now committed to extend their sponsorship arrangement with the NBBF for both competitions under the same framework for another 5 years (2020-2025)”
Commenting further, Kida thanked the Company for the confidence reposed in the NBBF by extending the sponsorship of the Divisions One and Two leagues for another five years as it underscores the commitment of Total E&P to develop Nigerian youths in all facets of life through their Corporate Responsibility objectives.
The NBBF President revealed that apart from the latest sponsorship, “Total E&P has also uplifted the NBBF in many spheres since this present board was inaugurated in 2017. For example, in addition to financial and related support to the NBBF, Total was the first corporate body to receive the men and women after their 2017 Afrobasket heroics.
“It is also on record that Total contributed to D’Tigers becoming the first country in the world to qualify for the 2019 FIBA World Cup in China after which Nigeria hosted two windows during the qualifiers”.
He promised the federation’s commitment to play its part in enhancing the success of the mutual beneficial partnership.
MD/CEO of Total E&P Nigeria, Engr Mike Sangster noted that their continued interest in developing sports and empowering youths in Nigeria coupled with the continued growth of basketball made the decision for the renewed partnership easier.