Concerned with the declining attention paid to the needs of the Sports Sector the Federal Ministry of Youth and Sports sought partnership with the NESG on the need to reposition sports as a business and no longer a social service sector in order to make it more attractive to the Organised Private Sector.
Following a Consultative Meeting between the Honourable Minister of Youth and Sport Development Dr. Sunday Dare and the Nigerian Economic Summit Group after the just concluded National Economic Summit, NES #25, the Ministry and the NESG resolved to escalate the conversation on the need to institutionalise Sports as
a Private Sector led Industry in line with global best practices and the agenda to
develop youth-based vibrant sectors to drive the Nigerian economy.
Consequently, the Ministry consented to the plan to host the First Inter-Ministerial Technical Session on Sports Industry Development, scheduled to hold on Thursday 21st and Friday 22nd of November 2019 at the VIP Lounge of the Moshood Abiola Stadium, Abuja FCT, but for other logistical considerations, venue has now shifted to the NESG Office at Unity Tower, Herbert Macaulay Way, Abuja.
This Technical session will for the very first time ever, bring together Seven (7) Ministers from selected key Ministries (Education, Information & Culture, Women Affairs, Industry, Trade & Investment, Finance, Budget & National Planning, Youth & Sports Development and Humanitarian Affairs, Disaster Management and Social Development) to brainstorm in Sector-specific Breakout Sessions, and harmonise cross-cutting, cross-sectoral issues with Federal Ministry of Youth and Sports Development significant impact on the development of a reformed and repositioned Sports Industry in the country.
The goal of the Inter-Ministerial Technical Session is to develop a pathway for constant dialogue and engagement between the private and public sectors to chart a sustainable course for unlocking the potentials of the Sports Industry and enabling the development of the whole gamut of the value chain of sports.
Through this pathway, it is expected that the reform of the Sports Industry will contribute to the socio-economic indices of the Nigerian economy by increasing participation in sport, enabling the creation of jobs, promoting greater employment of youth, generating revenues from sport-related activities and targeting a GDP contribution of 2-3% to the Nigerian Economy within 5-10 years.
The outcome of the Inter-Ministerial Technical Session and the proceedings of the breakout sessions will form an integral part of the ongoing reform process towards a new National Sports Industry Policy that will accommodate objectives of all stakeholders in the Public, Social Enterprise and Private Sectors for a vibrant Sport Industry, capable of contributing to the growth of the socio-economic indices of the
In addition to the Honourable Ministers of the Seven (7) Ministries identified above, the event is to also have in attendance, heads of their relevant departments and agencies as well as selected chieftains from various economic sectors, multilateral agencies, social enterprise organisations and experts in both academic and practice of Sports.
The Inter-Ministerial Technical Session is jointly hosted by the Ministry and the Nigerian Economic Summit Group (NESG) and is a part of the NESG’s Sports Industry Thematic Group 2019/2020 Work Plan. This is expected to dovetail into the National Sports Industry Policy Dialogue, which will be held next year as part of the events marking the National Sports Festival (Edo 2020).