Cash-trapped Nigeria Football Federation (NFF) has disclosed it will have to borrow to foot the bills for next weekend’s 2014 World Cup playoff return leg between Nigeria and Ethiopia.
Despite the intervention of the Cross River State Government, who has taken charge of the part sponsorship of the match slated for the UJ Esuene Stadium in Calabar, MTNFootball.com gathered the federation needs at about N52m for the hosting of the final playoff round.
This has been set aside as the cost for match bonuses as well as the return ticket refunds for the team and also logistical costs.
“We will again be forced to borrow to fund this match,” a top NFF official told MTNFootball.com.
“We are seriously broke as we only receive a monthly subvention of 52 million Naira from government and this is far from adequate to cover our many costs.”
According to the officials, government’s decision to remove the over 700million Naira spent for the 2013 African Cup of Nations (Afcon) from the federations account has had a ripple effect on its current financial woes.
“It was to have been a special grant but government later decided it should come from our budget,” another top official said.
The Super Eagles of Nigeria will play Ethiopia on November 16 in a decisive encounter which determines who qualifies for next year’s summer World Cup in Brazil.
Nigeria have a foot into the tournament after beating the Walyas Antelopes 2-1 in last month’s corresponding fixture away in Ethiopia.