GTI Assets Management and Trust Limited has highlighted the benefits if The Nigeria Football Trust Fund (TNFF).

According to a statement from the company, TNFF is an open-ended Security and Exchange Commission with an initial public offering to raise N5 billion through the issuance of 5,000,000,000 units at N1.00 per Unit to ad- dress the challenges hinder- ing the growth and advancement of football in Nigeria by energizing the transformation of the Nigeria Premier Football League (NPFL).

“In the past, the organisation of NPFL had so many challenges bedeviling it and topmost among them is the issue of poor funding which the Fund is going to breathe in a new lease of life into it going forward.

“TNFF also invests in high-quality investment- grade instruments involving equities of quoted companies, money market or fixed-income instruments and strategic investment in football/sports sector via securitized lending investments in identified short to medium-term “Football Projects.”

The statement added that the fund also aims to transform football clubs from socio-political tools to profitable business enterprises and by extension, a national asset contributing to Nigeria’s Gross Domestic Product (GDP).

SOURCE: THESUN