Nigeria: AFN Signs N25 Million Sponsorship Deal With SINOPEC

17 June 2011

The Athletics Federation of Nigeria (AFN) has entered into a $150,000 (about N25m) sponsorship contract with Chinese oil giants, SINOPEC.

The deal coming up barely hours after the AFN severed its 22 years old relationship with Mobil Producing Nigeria was considered a step in the right direction of lifting track and field in the country.

AFN president chief Solomon Ogba was full of excitements over the deal coming up less than a month of signing a N250m five year deal with Cross River State government for the All Nigeria Open Championship.

‘I am delighted we have been able to seal this deal.Sinopec is an IAAF partner and we have been able to convince them to pick Nigeria as one of the countries they want to partner with.It is a big step in our efforts to reposition track and field in Nigeria’,said Ogba adding that the signing of SINOPEC is just one of the many sponsorship deals the federation is pursuing.

‘We have a deal with Samsung and the All Nigeria/CRS Athletics championships also has an insurance coverage to the tune of $25,000.The Cross River state government is also splashing N50m on our national championships.

These definitely are positive developments and we are glad companies are beginning to have confidence in the AFN again’,he further said.

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