Come Tuesday (September 15th, 2020), the Nigeria Basketball Federation and Total E&P Nigeria Limited, would sign a five-year contract, to renew the sponsorship deal of the Men’s Division 1 and 2 Leagues.
Venue for the Memorandum of Understanding between both parties involved, would be the sponsor’s headquarters in Lagos at 10:00am.
Recall that the previous contract lasted two years, with a cumulative sum of sixty million Naira, (Thirty million per year), and the new contract would last for five years.
Going by the above formula, the contract may be worth at least One Hundred and Fifty million Naira.
Nonetheless, it is a welcome development by the federation, to promote grassroots.