The 2023 TotalEnergies African Cup of Nations would feature a 40% increase in cash prize money, according to the Confederation of African Football.
This was made public by the continental football organisation on its website on Thursday.
According to CAF, the 2023 AFCON winner will take home $7 million, while the runner-up would now receive $4 million.
$2.5 million will go to each of the two semi-finalists and $1.3 million to each of the four quarter-finalists.
“CAF has made significant progress over the past two years in increasing the prize money of the AFCON and all of its other major competitions,” stated Dr. Patrice Motsepeon, President of CAF, in the release.
“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.”
Additionally, CAF increased the prize money from the 2022 AFCON tournament to $5 million.
The prize money awarded to the winner increased from $4.5 million, or around 11% more.
The decision was made at the CAF Executive Committee meeting in Douala, Cameroon.
The competition is scheduled to take place in Ivory Coast from January 13 to February 11.
The Super Eagles, led by coach Jose Peseiro, were placed in Group A with the hosts, Equatorial Guinea, Guinea Bissau, and the Ivory Coast.
They have made the slogan “Let’s Do It Again” their rallying cry in an effort to win the Africa Cup of Nations for the fourth time early in the next year.