The prize is the least that a participating federation would earn as the amounts for going further in the competition rises.
While $8 million was the same amount received by countries that only lasted in the group phase of the 2014 World Cup in Brazil, there is a significant increase starting from the knockout phase.
The Super Eagles under the late Stephen Keshi fetched the then Aminu Maigari-led NFF $9 million for staging a round of 16 exit at the 2014 edition in Brazil after France inflicted a 2-0 defeat on the team, however, should they achieve the same feat in the summer, they would be making $12 million [$3 million more].
As opposed to $14 million handed to quarterfinalists in 2014, teams unable to progress past the last-eight would receive $16 million.
Defending champions Germany made for the German Football Association $35 million while second-placed Argentina were handed $25 million, Netherlands and hosts Brazil $22 million and $20 million for finishing third and fourth respectively.
In Russia, the winning federation would get $38 million, while the runners-up, third and fourth teams would get $28 million, $24 million and $22 million respectively for their governing bodies.