Also present were men and women basketballers, powerlifter, world scrabble champion Wellington Jighere, boxer Olanrewaju Durodola, the U-17 world champion footballers, and the U-23 Africa Cup of Nations winners.
The ceremony, which was brief but impressive, was attended by the Diplomatic Corps and other officials.
Monetary rewards were also handed out to the athletes, including N2 million for each of the 1985 FIFA U-16 World Cup winners, N1.2 million for the 2015 FIFA U-17 world champions, and N500,000 for each of the U-23 Africa Cup of Nations winners.
The President commended the efforts of the assembled athletes but urged them to continue to push for excellence.
President Buhari also paused for a moment of silence for the late Kingsley Aikhiobare, a member of the U-16 boys who died in 1996.
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