Tinubu rewards victorious Flamingos with N100m bonds each

President Bola Tinubu presented Nigeria's U-17 women's football team, the Flamingos, with Federal Government Savings Bonds worth N100 million each on Wednesday. The President's wife, Senator Oluremi Tinubu, received the players and crew at a reception held in their honor at the State House in Abuja. The technical crew received N50 million in cash each.

This decision, made by the National Sports Commission, aims to protect the long-term interests of the young players, who are mostly teenagers. The bonds, with an annual interest rate of 12%, will provide additional income for the players over the next five years, helping them manage education, training, and personal expenses. The representative of the National Sports Commission, Shehu Dikko, stated that the bonds are an unprecedented move and will allow the players to make informed decisions about their financial future once they mature.