Coronation Insurance joins WTT Contender tournament sponsorship train
To boost Nigeria’s Gross Domestic Product (GDP), one of the country’s leading Insurance Companies, Coronation Insurance, has announced its corporate sponsorship of the World Tennis Tournament.
The tournament, which was introduced by the International Table Tennis Federation (ITTF), in 2019, is a prestigious event that showcases highly skilled professional table tennis players from various countries, both male and female.
The event, holding at the Molade Okoya Thomas Indoor Sports Hall of the Teslim Balogun Stadium, Lagos, from yesterday to June 18, 2023, will feature notable players from China, Tapei, Korea, Germany, Portugal, Denmark, Egypt, Slovakia, Poland and Sweden.
Commenting on the WTT Tournament, the CEO of Coronation Insurance Plc, Mr. Olamide Olajolo, stated that there is an urgent need to support national sporting bodies to implement targeted fund-raising programmes and prioritise the allocation of resources for sports.
“No doubt, the WTT Contender competition helps to improve fundamental social and interpersonal skills, which aids in crime reduction and building national unity. It is also important to note that Nigeria needs to boost private investors’ confidence in the industry so they can fully participate in the business aspect of sports,” he said.
Also speaking on the event, Coronation Life Assurance CEO, Akinlolu Akinyele, said: “We are excited to be a part of this epoch-making tennis fiesta. Indeed, sporting events such as the WTT Contender Tournament can be utilised as a medium to democratise wealth creation and access, thereby encouraging participation in all sporting activities in primary, secondary and tertiary educational institutions.”
Get the latest news delivered straight to your inbox every day of the week. Stay informed with the Guardian’s leading coverage of Nigerian and world news, business, technology and sports.