The Nigeria Basketball Federation on Tuesday in Lagos unveiled a partnership renewal and signed a Memorandum of Understanding with Total E&P for the sponsorship of the National Division 1 and 2 Men’s Basketball Leagues.
By the agreement, Total E&P will be funding the two leagues to the tune of N150 million over a period of five years.
Speaking at the signing ceremony at the Eko Hotel & Suites yesterday, Managing Director and Country Chairman of Total Nigeria, Mike Sangster said that the company was compelled to renew the MoU because of the near perfect execution of the previous one by the board of the NBBF, led by Alhaji Musa Kida. The subsisting MoU, which was signed in 2018 expired this year.
Meanwhile, Minister of Youths and Sport Development Sport Sunday Dare averred that basketball had become the number one sport for the fact that both male and female teams qualified for the Olympics.
According to Dare Tokyo Olympic experience will be different, it will be calibrated as we have focused on those sports we are known to have comparative advantage.