The money, which was released to the Nigeria Football Association (NFA), was part of the funds approved for the team to participate in the competition.
Julius Ogunro, the Special Assistant (Media) to Sports Minister Bolaji Abdullahi, said that the second and final part of the funds would be released in due course.
“Information has come from the Office of the Accountant-General that the money has been released, while the NFA too has confirmed receipt of the money in their account,’’ he said.
Ogunro said the Sports Minister, who is also the Chairman of the National Sports Commission (NSC), worked tirelessly to ensure the funds were released on time to the team’s handlers.
“The minister and all concerned had worked tirelessly to make sure the money got to the team and their handlers on time for their successful campaign at the Nations Cup.
“We hope that with this first instalment, the pursuit of glory for Nigeria will commence so as to return Nigeria to its place of pride in African football,’’ he said.
Ogunro, however, said the NSC would continue to work tirelessly to ensure the remaining part of the money was released in a matter of days.
“We are already working on that and we hope that in the next few days the balance of N300 million will equally be released to the NFA,’’ he said.
NFA’s Secretary-General, Musa Amadu, confirmed the receipt of the money to NAN.