The N40m is from a total of N200M for the 19 clubs in the NPFL aside Giwa FC that were expelled during the season.
Rangers are just a point away from winning their first NPFL title in 32 years after a 2-1 win away at relegated Ikorodu United at the MKO Abiola Stadium.
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Their closest challenger Rivers United FC were held to a goalless draw at home to Abia Warriors.
Organisers of the NPFL, League Management Company (LMC) have now announced that Enugu Rangers will get N40m if they win the title.
El Kanemi Warriors will also get the prize money if they win the title at the expense of leaders, Rangers and Rivers United.
The N40m is from a total of N200M for the 19 clubs in the NPFL aside Giwa FC that were expelled during the season for not complying with LMC regulations.
"The top three Clubs on the final table usually received the chunk of the Merit Award which supports the clubs financially in their preparation for the CAF Club competitions the next season," the LMC announced.
"The champions would have received a minimum of N90m in all direct payments for the 2016 season including the Basic Award which comprises of pool of funds shared equally amongst all the 20 participating clubs, the merit award paid to clubs based on their final position on the table, the Football development and the Bonus award which is paid to clubs based on performances including incentives for improving match attendance, away wins/draw, fielding players under the age of 18 and hosting live broadcast matches.
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"The lowest placed team in the NPFL this season would thus have received N55m in direct payments from the LMC from all payment Centres.
“In addition to the direct payments clubs do also benefit from other indirect payments such as free registration of players and officials, free insurance, payment of match officials’ indemnities and hotel accommodation as well as sponsored seminars and other engagements funded by the LMC.”
Last season champions, Enyimba got N30M from the shared 150 for the 20 clubs.