Nigeria Bets on Hosting Rights to Boost Sports Economy

Nigeria is strategically pursuing international hosting rights to drive economic growth and modernize its sports infrastructure. The National Sports Commission's Renewed Hope Initiative for Nigeria's Sports Economy outlines a clear roadmap for these reforms. Hosting major international events is considered a crucial catalyst for development, aiming to keep facilities functional and advance the sports economy.

The commission aims to create a talent pool and wealth generation through hosting, as evidenced by staging the Africa Running Conference and plans for future events. Significant budgetary allocations for 2025 and 2026 are designated for stadium and facility rehabilitation, with federal and state governments collaborating. Partnerships with private sector consortiums are also key, as seen in the ongoing reconstruction of the National Stadium in Lagos.

Private sector involvement is vital, with commitments for new facilities like a wrestling hall and a specialized para-sports venue. Corporate Nigeria, including the oil and gas sector, is encouraged to invest in community sports infrastructure. President Bola Tinubu has endorsed these ambitions, pledging prompt release of sports funding from the 2026 fiscal year onwards.