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Nigerian Clubs Rake In N5bn From Transfer Fees In 10 Months

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The Nigeria Football Federation (NFF), on Wednesday, revealed that Nigerian football clubs, between January and October 2016, generated a whopping N5billion from selling local players abroad.

The NFF manager of Transfer Matching System (TMS), Nasir Jubril, who disclosed this at the ongoing Domestic Transfer Matching Systems (DTMS), indicated that the clubs were able to rake in the said sum due to the current foreign exchange rate.

“In the last 10 months, that is between January and October this year, a cash inflow of about N5 billion has accrued to the clubs in Nigeria from the transfer of players,” Jubril said in Abuja.

“For instance, if a player is bought for say two or three million pounds, when you multiply that with the exchange rate you can imagine what we are talking about,” he added.