NPFL Get N1.8bn Title Sponsorship

[Folami David]

I can report that the top flight in Nigeria has been boosted by the formal conclusion of the title sponsorship deal worth N1,896,730,000 (around $12 million).
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The League Management Company (LMC) Limited entered into a three-year title partnership with Globacom Nigeria Limited that will run till 2015.
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The deal was finalised on Monday with the title sponsor, Globacom.
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The title sponsor will pay the N1.8 billion by three instalments in three years starting with the current season.
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"The deal is worth N1.8 billion and payment will be spread over a three-year period which covers three season. The first payment is for the ongoing season,"
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A sport website was informed by an official of the league management body, Shehu Dikko.
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"There are incremental payments structure basically to cover for inflation and the expectation that the league shall also be growing and progressing with."
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He revealed that the first payment of N550 million (around $3.4 million) is expected to be made available for the ongoing season.