The Federal Government in Abuja restated its resolve to tap into the enormous resource of sports by encouraging the private sector to actively participate in its development.
President Muhammadu Buhari gave the assurance at the Dinner and Award Recognition Night to commemorate the International Day of Sports for Development and Peace.
Represented by Vice-President Yemi Osinbajo, President Buhari said government would provide the necessary incentives to enhance the financing, management and promotion of sports by the private sector.
The President specifically mentioned the exploits of the female national football teams on the continent and in the globe, as well as the basketball team which won the African championship.
President Buhari further identified sports as one of the greatest unifiers which exist today.
President Buhari pointed out that sport was a major revenue earner for countries across the world, regarding economic activities.
He pointed at the English Premier League and the Major League Soccer (MLS) in the UK and the U.S. as major money-spinners for the countries.
He then praised the United Nations (UN) for the idea of dedicating April 6 as the day of sports for development and peace.