The Nigerian Football Federation has signed a 5-year deal with oil and gas company Aiteo group worth a reported 2.5 billion Naira.
The bulk of the sum would be used in paying the salaries of Super Eagles head coach Gernot Rohr and other national team coaches.
The Deputy Managing Director, Aiteo Group, Francis Peters, made this known during the signing of the deal on Wednesday.
Peters added that a key part of the deal was the belief the company had in NFF president, Amaju Pinnick.
He said, “We are ready to support him because we knew he is an achiever considering what he did at Delta Football Association (FA).
“That is why we decided to partner with the NFF in paying the coaches’ salaries with N500 million per annum for the next five years.
“The sponsorship will commence on May 1, 2017 and will last five years with an initial option of a one-year extension.
“The deal grants exclusive rights to Aiteo Group and will cover all local and foreign components of the NFF’s financial obligations for the main team which is dissimilar to the recent deal with Zenith Bank.
“Aiteo Group’s overreaching social responsibility objectives are to encourage a positive impact through our activities in the society at large and which it has successfully done for several years.
“This is the long awaited injection of funds the NFF has earnestly yearned for.
“We are convinced that we are turning a new chapter in Nigeria’s football with this agreement in place,’’ he said.
Pinnick, on his part, expressed his pleasure with the deal, and urged other corporate bodies to follow suit.
“In the next five years, there will be nothing about owing any Nigerian coach. I call on other corporate organisations to support the NFF to succeed, and I assure you, we will abide by every aspect of the contract signed today,’’ he said.
The deal was also announced via Aiteo Group’s official Twitter account.
Aiteo Group is now the official optimum partner of @thenff for the next 5 years
— Aiteo Group (@aiteogrp) April 26, 2017