The Nigerian media lost N19 billion in revenue as a result of the failure of the Super Eagles to qualify for the 2017 Africa Cup of Nations.
This was revealed by the Guild of Sports Editors in a statement signed by Tony Ubani, its president and Dare Esan, its secretary.
The revenues losses, according to the body, were in adverts and sponsorship.
The body, therefore, called for immediate preparation for the next Africa Cup of Nations in 2019 and the 2018 World Cup.
The editors observed that the non-qualification for the Nations Cup was a great set-back, particularly because the country had an array of talents to have ensured the qualification.
It noted that part of the problem was the frequent appointment and sack of the technical staff of the team and the constant squabbles dogging the country’s football fraternity.
“Unity is key and we must be united at all times in pursuing fame and wealth that football brings to the country,” the statement said.
“If it is true that Nigeria wants to host the tournament after Gabon, now is the time to secure government guarantees, so as to throw everything into the preparations of the team and facilities for the event.
“The country has suffered enough pain, and we cannot afford to allow football, our source of succour to impose more misery on Nigerians.”