Nigerian group seeks tax rebates for boxing promoters

Source:Xinhua Published: 2013-4-17 16:44:04

Nigeria's Boxing Board of Control (NBBC) has appealed to the government to grant adequate tax rebates for corporate organizations that sponsor professional boxing in the country.

Secretary of the organization Remi Aboderin told reporters in Lagos on Wednesday that such gestures would attract corporate sponsors to boxing and other sports.

Aboderin said the body had a long list of boxers who want to turn professional, but lack of promoters was stalling the growth of professional boxing in the country.

He added that sports sponsorships ought to be thriving in Nigeria because of the large number of corporate organizations.

The secreatry told reporters that professional boxing needed huge funds and good organisation for it to bring back good fortunes.

He said the sport would benefit Nigeria's foreign exchange, as well as put the country's name on the sport's world map.

Aboderin also appealed to individuals to assist the board to perform its primary function of regulating professional boxing.

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