Saraki also challenged Nigerian sportsmen and women to make judicious use of their fortunes when they were active so that their future would be secured.
Saraki represented by Alloy Chukwuemeka, his club's Director of Football, made this known in Ilorin on Sunday.
"When you look at what is happening around our heroes in sports, you will agree with me on the need to have trust fund for them.
"This fund will be used to take care of them when they are no longer active or aged or their families after they might have died.
"The situation around late Rasheed Yekini's family has also informed the need to come up with such initiative,’’ Saraki said.
He also challenged Nigerian sportsmen and women to make judicious use of their fortunes when they were active so that their future would be secured.
"There is the need for our active sportsmen and women to invest their wealth wisely. Investing wisely does not mean we should not come up with the trust fund.
"Not all these athletes make the same fortune and those who participated in the 80s and 90s did not enjoy the goodies those active today are enjoying,’’ he remarked.
Saraki had on Aug. 19 commenced U-13 football competition to be known as Rasheed Yekini U-13 football competition for lads in Ira, Ijagbo and Offa , Oyun Local Government Areas.