Tokyo Olympics: See How Much FG Will Pay Medalists

• The federal government has disclosed that athletes who win medals at the ongoing Tokyo Olympics will be offered cash prices

• Gold medalists will receive $15,000, Silver medalists will collect $10,000 while Bronze medalists will receive $7,500 for their achievement

• This represents a significant increase from the $5,000 for gold, $3,000 for silver and $2,000 for bronze that was set to be offered before

Despite a slow start at this year’s Tokyo Olympics, Nigeria has finally found its way to the medal table with one silver and one bronze medal each.

A recent statement from the Federal Government has shown that athletes who make the country proud by winning medals at the Olympics will be hugely rewarded.

According to the latest information, gold medalists will receive $15,000 from the government, silver winners will collect $10,000 and bronze medalists will be awarded $7,500.

The latest development was disclosed on Tuesday by the country’s Director, Federation and Elite Athletes Department (FEAD), Simon Ebohdjaiye in Tokyo.

“Gold medallist will now be rewarded with 15,000 dollars, while silver and bronze medal winners will each get 10,000 dollars and 7,500 dollars respectively.

“The earlier award was 5,000 dollars for gold, 3,000 dollars for silver and 2,000 dollars for bronze.”

Mr Ebohdjaiye revealed that there was a review and the increase is a part of the government’s efforts to reward people that represent Nigeria.

So far, two Nigerians, Blessing Oborududu and Ese Brume have picked up Silver and Bronze medals at the Tokyo Olympics.

Oborududu made it to the final of the 68Kg women’s wrestling category before losing on Tuesday while Ese Brume came third in the women’s long jump with a recorded 6.97m.

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