The oldest football competition in Nigeria, Federation Cup has been renamed AITECO Cup. This is an extension/addendum to the company’s AITECO, sponsorship agreement with the Nigeria Football Federation(NFF).
AITECO rights in the agreement with NFF stated that there would be an acquisition of additional commercial assets from the NFF that are available and not encumbered, on a mutually –negotiated basis.
The duration of this aspect of the sponsorship is 5 years, similar to the main agreement
(signed on 26th April 2017) on a Cost Value Arrangement and commencing from the 2017 season.
This arrangement will see AITEO underwriting the costs of the organisation of the competition
which encompasses the costs of organising the competition from the Round of 64 to the men and
women’s finals, solidarity support to Football Associations of the 36 States and the FCT,
expenses and indemnities of match officials, support to participating Clubs, Media,Branding/Activation and Prize Money to winners.
Accordingly, for the 2017 season, the prize monies for the AITEO Cup will be N25million for the
winner of the men’s competition and N10million for the winner of the women’s competition.
The runner –up for the men’s competition will pocket N10million, with the runner –up for the
women’s event going home with N5million. The NFF and AITEO will, in due course, unveil further
details of all the benefits of the extended agreement at a press conference.
