President Bola Tinubu has announced a N100 million Federal Government Savings Bond for each member of Nigeria’s victorious U-17 women’s football team, the Flamingos, in recognition of their historic achievement at the FIFA U-17 Women’s World Cup in Morocco.

The President also approved a N100 million cash reward for the team’s coach, while each member of the technical crew will receive N50 million.

Tinubu announced the rewards on Wednesday during a reception organised in honour of the team at the Presidential Villa, Abuja.

He was represented at the event by the First Lady, Senator Oluremi Tinubu.

The savings bonds awarded to the players will attract an annual interest rate of 14 per cent over a five-year investment period.

The Flamingos made history by defeating Japan to become the first African team to win the FIFA U-17 Women’s World Cup.

The presidential recognition is aimed at rewarding the players and officials for their outstanding performance and bringing honour to Nigeria on the international sporting stage.