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Nigeria: Why Team Nigeria Failed, By Noc Scribe
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This Day (Lagos)
15 May 2008
Posted to the web 15 May 2008
Lagos
An answer may have eventually emerged, to explain why Team Nigeria Trust Fund collapsed, as Nigeria Olympic Committee (NOC) secretary-general, Banji Oladapo has put it down to lack of experience about viable commercial angles to sports management in the country.
Opening up in an exclusive chat with brilafm.net, Oladapo rued what he called the embarrassing failure of the initiative, and declared that it turned out to be a very unfortunate experiment that could not work.
"The mistake was that everyone is leaving funding of sports to government, but it just cannot work that way. There is the need for more avenues of income for the NOC.
"However, the way things are for now is that the NOC does not receive subventions except from the International Olympic Committee.
"We only supplement by reaching to get donations from well-meaning individuals. That's why we started the trust fund, as another source of financing but, unfortunately, it didn't work out.
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"We are now going out for reawareness and trying to get some commitments around. Fortunately, we have received some favourable comments, and I believe it's a sign of good things to come," he said.
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