Each Super Eagles player could pocket about $35,000 (over 42 million Naira) should they win the title at the 2023 Africa Cup of Nations.
This follows the approval of the Federal Government win-bonus of $5,000-a-match for each Super Eagles player at the competition.
A draw will fetch a player half that amount, which is $2,500.
The Super Eagles will need to win seven matches to be champions of Africa 10 years since their last conquest in South Africa.
With the winner guaranteed $7m prize money, the players could earn more money if they win the competition.
The Super Eagles are looking to win a fourth title in Cote d’Ivoire
They are drawn in Group A with hosts Cote d’Ivoire, Equatorial Guinea and Guinea-Bissau.