ABSG, Sports Nigeria Sign SPV Agreement

Abia State Government has officially signed a Special Purpose Vehicle (SPV) agreement with Sports Nigeria for the establishment of a Special Sports Economic Zone (SSEZ) in the state.

This initiative is designed to unlock the economic potential of sports, create employment opportunities for youth, and enhance sports infrastructure, talent development, and private sector investment.

The Special Sports Economic Zone (SSEZ) is a first-of-its-kind initiative aimed at developing a comprehensive sports ecosystem that integrates:

✅ World-class sports facilities to host local and international events.

✅ Manufacturing and production hubs for sports equipment, apparel, and accessories.

✅ Athlete training and development centers to nurture talent from grassroots to elite levels.

✅ Sports technology and innovation incubators to support research and enterprise in the industry.

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✅ Entertainment and tourism infrastructure to boost sports-related economic activities.

This partnership with Sports Nigeria aligns with Abia’s broader economic diversification strategy, leveraging the global sports economy to foster sustainable industrial growth. By establishing the SSEZ, Abia State will emerge as a leader in sports business, talent export, and infrastructure development in Nigeria and Africa.

The Abia State Government expresses gratitude to Sports Nigeria and all stakeholders committed to this ground-breaking initiative.