FIBA said in a statement that this was in view of its position as the next ranked team from Group B of the qualifiers.
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It is targeted at supporting all young elite players to attain their highest level on the court and increase the education among professional basketball players, while supporting them in their transition to life after their basketball career
The reigning African champions, who missed out of the Rio 2016 games, will be presented another chance to prove a point against the team they narrowly lost to at the 2020 Qualifying Tournament in Belgrade.
The registration started on Monday.
This was contained in its latest letter dated December 18 and addressed to the Secretary General of the Nigeria Olympics Committee, Chief Tunde Popoola.
The rankings, released by the Federation of International Basketball Associations, rates Nigeria 16th in the world and number one in Africa