Following Nigeria's non participation at the World Cup, the Nigeria Football Federation will lose out on a $1.5 million allocation that comes to member nations that qualified for the mondial by FIFA
A sum of $9 million would also be lost just for not getting to the group stage and finishing below the 17th place.
Nigeria had lost the World Cup ticket to Ghana after playing stalemates in both legs of the qualifier, but lost on penalties in Abuja.
In a statement by FIFA, winners of the World Cup will receive as much as $42 million, the highest figure a winning federation will ever receive.
France received $38 million after they won the 2018 World Cup in Russia
The earnings are as follows: World Cup winner: $42 million (more than 40 million euros), runners-up: $30 million (almost 29 million euros), third-place team: $27 million (almost 26 million euros), fourth-place team: US$25 million (nearly 24 million euros).
Teams ranked from fifth to eighth will get $17 million each (more than 16 million euros), which is $68 million in total, while teams ranked ninth through sixteenth will get $13 million per team (nearly 12.5 million euros), amounting to $104 million in total.
Teams that are placed 17th through 32nd will each get $9m, while teams that progress to the round of 16 will receive 13m.
Besides, 1.5 was allocated by FIFA to qualified team to help in the expenditure for the World Cup; a money Nigeria would have gotten if she had qualified.
By Uche Dozie