Coronation Insurance Sponsors WTT Contender Tournament, participation in sponsoring the event

Coronation Insurance, one of the leading insurance companies in Nigeria has announced
Corporate sponsorship of the world tennis tournament to increase the country’s gross domestic product (GDP).

Launched by the International Table Tennis Federation (ITTF) in 2019, the tournament is a prestigious event that showcases highly skilled professional table tennis players from around the world.

The tournament which will be held at the Molade Okoya Thomas Indoor Sports Hall of Teslim Balogun Stadium in Lagos from yesterday to June 18, 2023 will feature renowned players from countries such as China, Tapei, Korea, Germany, Portugal, Denmark, Egypt and Slovakia. , Poland and Sweden.

In support of the WTT tournament, Coronation Insurance CEO Olamide Olajolo
Corporation emphasized the urgent need to help national sports organizations in the implementation of targeted fundraising programs and in the allocation of sports resources. He highlighted the multifaceted benefits of the WTT Contender competition, such as improving basic social and interpersonal skills, reducing crime and promoting national unity.

Olajolo also emphasized the importance of increasing the confidence of private investors in the sports industry to encourage them to actively participate in its business.

Coronation Life Insurance CEO Akinlolu Akinyele expressed his enthusiasm
involved in this groundbreaking tennis tournament. He recognized the potential
sporting events such as the WTT Contender Tournament to democratize wealth creation and
access, which promotes participation in sport at all levels of education, from primary to tertiary institutions.

Coronation Insurance’s sponsorship of the World Tennis Tournament marks their
commitment to promoting economic growth in Nigeria. By supporting such a high profile
sporting event, the company aims to increase the country’s GDP by increasing it
investments, job creation and development of sports-related infrastructure.

Furthermore, their sponsorship demonstrates a dedication to promoting national pride and unity through sports.

The World Tennis Tournament serves as a platform to showcase Nigeria’s potential as a host of international sporting events. It provides an opportunity to attract foreign visitors, generate tourism revenue and raise the country’s global profile.

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