Volume 13, Issue 2A and 2B, 2025

Financial Sustainability Models and Resources Mobilization Strategies as Panacea for Sustainable Institutional Sports in Nigeria

Adande, A. D

Abstract

This paper discussed why financial sustainability in institutional Sports matter
and the various
financial
sustainability
models and resources
mobilization strategies. Although considerable research has been conducted
on how to improve institutional sports in Nigeria, somewhat less attention has
been paid to financial sustainability models and resource mobilization
strategies as it has been done in other countries that led to their improvement
in various aspects of institutional sports. Presently in Nigeria, there is a notable
absence of sustainable financial models and resource mobilization strategies
within institutional sports. The lack of private sector involvement and
ineffective utilisation of existing polices and resources contributed to the
stagnation of sports development at the institutional level. While some
initiatives like public private partnerships (PPPs) have been proposed, they
have yet to be widely adopted. This paper discussed why do financial
sustainability in institutional Sports matter and the various financial
Sustainability Models and resources mobilization strategies. Some of the
sustainability financial models include; allocation of specific funds for
University sports: coaches’ and trainers remunerations, financial incentives,
structured talent identification and development funding among others.
Resource mobilization strategies on the hand include; leasing sports
complexes, conduct tournaments and hoisting of international events, and
adequate Manpower, infrastructure utilization, and public-Private Partnerships
among others. The paper recommended institutions should develop a
comprehensive institutional sports policies, holistic Framework, athlete
Centric approaches, promote Public-Private Partnerships (PPPs), diversifying
Revenue Streams and investing in Infrastructure and Technology among
others.

Keywords

financial models, mobilization institutions, sustainability resources strategies, institutional sports, institutional sports policies, framework

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