By not qualifying alone for the tournament, which started yesterday in Doha, Qatar, the Super Eagles lost about N4 Billion.
In a statement by FIFA, winners will receive as much as $42 million, the highest figure a winning federation will ever receive.
France received $38 million after they won the 2018 World Cup in Russia.
The earnings are as follows: World Cup winner: $42 million (more than 40 million euros), runners-up: $30 million (almost 29 million euros), third-place team: $27 million (almost 26 million euros), fourth-place team: US$25 million (nearly 24 million euros).
Teams ranked from fifth to eighth will get $17 million each (more than 16 million euros), which is $68 million in total, while teams ranked ninth through sixteenth will get $13 million per team (nearly 12.5 million euros), amounting to $104 million in total.