NIS signs MoU with EFFA Management to diversify Nigeria sports economy and foster private sector collaboration under Renewed Hope Agenda

The National Institute for Sports (NIS) has reinforced its commitment to advancing President Bola Tinubu’s Renewed Hope Agenda by partnering with the private sector to diversify Nigeria’s sports economy.

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Director-General of NIS, Philip Shaibu, made the announcement on Tuesday in Abuja during the signing of a Memorandum of Understanding (MoU) between the institute and EFFA Management Ltd., a private sports management firm.

Shaibu explained that collaboration with private partners was critical to repositioning sports development in Nigeria, noting that reliance on government funding alone was insufficient.

“The President gave us a mandate to introduce the Renewed Hope Agenda to NIS and ensure that the institute returns to its core mandate,” Shaibu said.

“We decided to engage the private sector because government funding is at its lowest point. We also seek support in areas such as facility upgrades, maintenance, and curriculum development to ensure sustainability.”

Olumide Fakeyeye, Director of EFFA Management Ltd., welcomed the partnership, highlighting Nigeria’s abundant sports talent and the need for improved development environments.

“Initiatives like this, supported by visionary leadership, are helping to bring the right people together to unlock the potential in Nigerian sports,” Fakeyeye said.

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The collaboration is expected to strengthen the sports economy, improve facilities, and create sustainable pathways for talent development across the country.