AFCON 2023: Committee raises prize money, as winner sets to pocket $7m

By Samuel Ogunsona

The President, Confederation of African Football (CAF) Patrice Motsepe, has announced a 40% increase in prize money for the Africa Cup of Nation (AFCON2023) winner.

In a statement released on Thursday and made available to Irohinoodua, it said the winner will go home with $7m and portions of the prize money will contribute to developing football in member associations.

It also stated that the runner-up of AFCON Côte d’Ivoire 2023 will now get $4 million. Each of the two semi-finalists will receive $2.5 million, and each of the four quarter-finalists will receive $1.3 million.

According to the President, “CAF has made significant progress over the past two years in increasing the Prize Money of the AFCON and all its other major competitions. We have increased the Prize Money of the AFCON Winner to USD 7 000 000 which is a 40% increase from the previous AFCON Prize Money.

“I am confident that a portion of the Prize Money will contribute to developing football and also benefit all the football stakeholders, as well as assist our Member Associations with their administrations.”

The 2023 CAF tournament which is the 38th edition will be held between January 13 to February 11 in Ivory Coast.

However, the Super Eagles of Nigeria has been drawn in the same group with the host nation and will take on Equatorial Guinea in their opening campaign on January 14 before facing Ivory Coast and rounding off the group stage with Guinea-Bissau.

Nigeria has won the cup three times: the first time was in 1980 and they won a second title in the 1994 held in South Africa.

Nigeria won their third African title in 2013.