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Government funding for football activities will be restricted after the matches against Zimbabwe until the Federation submits a detailed report on its income and expenditure.
The Vice President of the Republic, responsible for National Defence and Security, H.E. Teodoro Nguema Obiang Mangue, has required the Equatorial Guinean Football Federation (FEGUIFUT) to submit a detailed report on the subsidies and institutional support it receives from the International Federation of Association Football (FIFA) and the Confederation of African Football (CAF).
The Vice President stated that these contributions exceed CFA 1.6 billion annually, while the Government continues to bear a substantial share of national football expenditure, including the construction of sports infrastructure, funding for national leagues and the activities of the national teams.
In this context, he announced that, once the men’s Nzalang Nacional has played its home and away matches against Zimbabwe, government funding for football activities will be restricted until FEGUIFUT submits the requested documentation.
The report must specify the amounts received, the purposes of the subsidies and support, and a detailed breakdown of expenditure financed with these resources.
H.E. Nguema Obiang Mangue stressed the need to establish how funds from FIFA and CAF are managed and used, given the financial effort made by the State to support the development of football in the country.
The measure seeks to strengthen transparency and accountability in the management of resources allocated to football activities.
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