5 Countries Offering Whopping Sum of Money to their Olympic Medalists, One is paying N305 Million
Countries of the world are competing with one another at the ongoing Tokyo Olympics and incentives are being promised to participants who coast home to victory. In a bid to motivate their representatives, many countries have promised them large amounts of money.
Legit.ng presents five countries offering six-figure payouts to their Olympic medalists.
Pay Attention: Legit.ng is on a mission to support vulnerable children of Calabar – join the initiative on Patreon, let’s change more lives together!
1. Singapore
Any Singaporean that brings home a gold medal gets 1 million Singapore dollars (N305,656,446). This is the highest payout for an individual gold medalist, according to Forbes.
A silver medalist gets of 500,000 Singapore dollars (N152,828,223) and a bronze medalist receives 250,000 (N76,414,111.50).
Source: Getty Images
2. Taiwan
An individual that brings home a gold medal receives 20 million New Taiwan dollars (N297,014,439).
Source: Getty Images
3. Indonesia
Bringing home gold medal to Indonesia gives an individual 5 billion Indonesian rupiah (N143,908,489.35).
The best Indonesian performer in Tokyo so far is Eko Yuli Irawan. He has captured a silver in the men’s 61-kilogram division of weightlifting.
Source: Getty Images
4. Bangladesh
Bangladesh, which has never won an Olympic medal, has promised to pay about $300,000 (N123,720,000) for an individual gold medalist.
Silver medalist will receive about $150,000 and bronze medalist will be given $100,000 (N41,240,000).
Source: Getty Images
5. Kazakhstan
Individuals who bring home a gold medal in Kazakhstan receives $250,000 (N103,100,000) while silver a medalist gets $150,000 (N61,860,000)
A bronze medalist will get $75,000 (N30,930,000). And three Kazakhstani competitors already won bronze in weightlifting and judo.
Source: Getty Images
Nigerian athlete qualifies for final at Tokyo 2020 Olympic Games
In similar news, Chukwuebuka Enekwechi of Nigeria is through to the final of the Shot Put event at the ongoing Tokyo 2020.
Team Nigeria now has another finalist at the ongoing Tokyo Olympic Games after Enekwechi scaled through to qualify in his sport.
The 28-year-old made it to the final of the men’s Shot Put event after he launched his implement to a mark of 21.16m on Tuesday, August 3.
Source: Legit.ng
