National Insurance Corporation (NIC) Holdings Limited has on Thursday, 24th January 2019 unveiled a new and better insurance sponsorship package for Federation of Uganda Football Associations.
The package was unveiled at the NIC Headquarters in Kampala, for the Uganda Cranes, the FUFA Junior League and FUFA Drum Tournament.
In attendence was a delegation from FUFA led by the President Eng. Moses Magogo, flanked by the chairperson of sponsorship and marketing committee, Rogers Byamukama.
NIC’s Managing Director Bayo Folayan, NIC Holdings company secretary Elias Edu and Jocelyn Ucanda represented the Insurance company.
‘This package is in line with NIC’s continued support of sports in Uganda, we believe the youth are the future of the country and that is why this sponsorship goes a long way to support the efforts of government in the area of youth and sports development. Our vision in supporting football in Uganda is to create an enabling environment for our footballers so that they too can compete on a global platform and rank among the best in the world’ Bayo stated.
It is an improvement over the previous contract with FUFA. The new contract covers all players, coaching staff and team doctors against death and injuries resulting into permanent disability sustained while on official engagements.
It also covers incidences during training as well as travels to and from matches and burial arrangements in case death occurs.
The FUFA President, Eng. Magogo expressed gratitude for NIC Holdings’s sponsorship since 2008 for football and sports in general, particularly Netball which has managed to represent the country at the World Cup.
‘I thank the National Insurance Corporation for supporting football since 2008 and other sports disciplines especially netball. I always want to thank NIC for fulfilling their obligations as signed in the contract. This new package is even more exciting because it has the FUFA Juniors League and the FUFA Drum as well as the cash value of Shs 10M to the FUFA Awards and the generator.’ Eng Magogo.
The contract details:
- The Uganda Cranes: The sponsorship is worth Ushs. 660,000,000 annually
- The FUFA Junior League: The sponsorship is worth Ushs. 800,000,000 annually
- The FUFA Drum Tournament: The sponsorship is worth Ushs. 960,000,000 annually
- The FUFA Awards: The sponsorship is Ushs. 10,000,000 annually
- A generator: Worth 18,000 USD