The Nigerian team secured their spot in the final after a thrilling match against South Africa, resulting in a 4-2 penalty shootout victory following a 1-1 draw in 120 minutes of play.
Having reached the final, Nigeria, along with the tournament hosts they are set to face on Sunday, has already guaranteed a prize of $4 million.
The runner-up will now earn $4 million (equivalent to N5 billion), while the losing semi-finalists, South Africa and DR Congo, will each receive $2.5 million.
Additionally, the four quarter-finalists will be awarded $1.3 million each.
Motsepe emphasized the significant progress made in enhancing the prize money for AFCON and other major competitions over the past two years.
He expressed confidence that a portion of the prize money would contribute to football development and benefit various stakeholders, including Member Associations in their administrative efforts.