Kano Pillars, Bayelsa United and El-Kanemi Warriors are battling to win the league.
The winner of the ongoing 2012/2013 Nigeria Professional Football League will receive a prize money of N10 million.
Kano Pillars, Bayelsa United and El Kanemi Warriors are battling to win the league which ends on Sunday.
A total sum of N50 million has been set aside by the League Management Company (LMC) to reward teams that participated in the 2013 season.
A breakdown of the figures shows that the first runner-up will earn N7.5 million, while the second and third runners-up will be richer by N5 million and N2.5 million respectively.
The 5th, 6th and 7th placed teams will receive N2.1 million, N1.95 million and N1.9 million. Further down are the 8th, 9th and 10th placed teams that will be paid N1.85 million, N1.8 million and N1.75 million respectively.
For the 11th, 12th and 13th positions, the reward has been pegged at N1.7 million, N1.65 million and N1.6 million. Others are 14th (N1.5 million), 15th (N1.4 million), 16th (N1.3 million), 17th (N1.25 million), 18th (N1.2 million) and 19th (N1.05 million).
The Chairman of the LMC, Nduka Irabor, announced the innovative Merit Award on Friday and said the payout has been introduced to sustain the competitive spirit that has seen the league in a photo finish such that the winners can only be determined at the end of matches on the final day.
“It is an innovation we are bringing about to sustain if not raise the level of competitiveness witnessed in the out-going season and as we stabilise the League, the Merit Award will be reviewed upwards,” Mr. Irabor on the LMC official website.
He clarified that the Merit Award is different from the appearance fee which is distributed evenly among the 20 participating clubs; and explained that, “the Merit Award will hopefully assist the clubs start preparations for next season’s activities and also help those being relegated settle for competition in the lower division”.
Mr. Irabor said the LMC will regularly review the Merit Award prizes.
“The LMC will review the Merit Award prizes as we stabilize the League and grow the revenue base of the company to inspire the players towards higher quality performance and also engender healthy competition amongst the clubs,” he said.