Remo Stars FC owner, Kunle Soname has donated N10m to the Athletes Trust Fund, an initiative of the Ministry of Youth and Sports Development, the SportsBay reports.
Soname who is also the founder of Bet9ja said he was donating the money in his individual capacity as a mark of his commitment to lifting the morale of Nigerian athletes.
The scheme when officially unveiled would be funded by the proceeds from the National Lottery Trust Fund, partner agencies, corporate bodies and individuals.
Part of the reason that led to the introduction of the scheme is to take care of the welfare of athletes, finance their training, pay for their preparation and participation in major international competitions.
It will be noted that the Sports minister, Sunday Dare has commenced talks with agencies and other partners to provide seed money for the initial take-off of the initiative.
The money will serve as huge source of support to Nigerian athletes whose source of earnings had ceased as a result of the Covid-19 pandemic, resulting in the suspension of all major sporting events.
The modalities for the disbursement of the funds to the athletes is expected to be worked out with guidelines provided by the sports ministry.
Dare has always insisted that the welfare of athletes remains the cardinal objective of the Sports Ministry under his leadership.