According to Football’s World Governing Body, FIFA, ahead of the Women’s World Cup in Australia and New Zealand, if the Super Falcons win the tournament, each player might get up to $270,000 (₦125 million).

If they lose in the group stage, the squad’s lowest payout for each player will be $30,000 (₦13m) and it would be paid directly to the players for the first time in history.

The money follows FIFA’s announcement of its new financial distribution scheme on Thursday, which comes ahead of the Women’s World Cup, which starts on July 20.

According to FIFA in a statement, “Under the ground-breaking new model, Participating Member Associations will receive record distributions to support football development in their countries, while all participating players will receive guaranteed remuneration for their achievements at the tournament.”

“Under this unprecedented new distribution model, each individual player at the FIFA Women’s World Cup 2023 can now fully rely on remuneration for their efforts as they progress through the tournament. The captain that ultimately lifts the iconic FIFA Women’s World Cup Trophy on August 20 in Sydney will receive USD 270,000, as will each of her 22 teammates.”

“The global salary of women’s professional footballers is approximately USD14,000 annually so the amounts allocated under this unprecedented new distribution model will have a real and meaningful impact on the lives and careers of these players. Beyond this, all member associations will also receive a record financial distribution based on their performance, which they can use to reinvest back into football in their countries and which we believe will help to propel the women’s game even further,” the president of the FIFA, Gianni Infantino said.

Each World Cup participant will receive $30,000 for participating with their side in the group stage and $60,000 (₦26 million) for making it to the round of 16.

Each player who assists their team in making it to the quarterfinals is eligible to get $90,000 (₦39m), while the players on the third- and fourth-place teams will receive $180,000 and $165,000, respectively.

Second-place finishers in the competition receive $195,000, while the victors take home a stunning $270,000 (₦125m).

The Nigeria Football Federation will receive $1,560,000 (₦721m) following the Falcons’ qualification for the women’s World Cup.

Should the Falcons win the competition, however, the federation could receive as much as $4,290,000 (₦2bn).