Impact of sports in Nigeria’s socio-economic sector

No way…a Guinea Bissau defender seems to tell Super Eagles striker, Victor Osimhen, in their AFCON qualifier in Abuja….yesterday<br />PHOTO: OGANLA MEDIA

Description: Nigeria is one of the most rapidly developing nations in the world. The sports industry in Nigeria is booming. Let us learn the massive impact sports has had on the nation’s economy.

How Sports Industry Plays a Key Role in Nigeria’s Economic Development

Have you ever questioned why some nations receive medals while others do not? If they compete in sporting events like the Olympics, they also lack the potential to earn gold. Sports-related economic issues are prevalent in developing nations. According to some claims, sports accomplishments should be evaluated regarding a nation’s Gross Domestic Product (GDP) per capita and investment in sports. It is especially true of a nation’s success at the Olympics.

A nation can rise to the top of the medal table with the help of a well-structured sport development framework and substantial money. The population is also important, and with 1.4 billion people, China was well-represented at the 2020 Olympic medal table, coming in second to the United States of America, which had 113 medals won and has a population of more than 300 million, with a total of 88 medals won.

Sports and Economy in Nigeria. General Situation Nigeria is rife with political chauvinism, religious bigotry, and ethnic prejudice. Yet, these are usually set aside since Nigerians are always in unison regarding sports in Nigeria, especially football, regardless of their political affinity, religious conviction, or ethnic connection. The team they are rooting for at that time is typically what sets them apart. When selecting representations for the nation in