Coronation Set to Boost Nigeria’s GDP through WTT Contender Tournament

Kayode Tokede

Coronation Insurance has announced its corporate sponsorship of the World Tennis Tournament to boost Nigeria’s Gross Domestic Product (GDP).

Introduced by the International Table Tennis Federation in 2019, the WTT Contender is a prestigious event that showcases the participation of highly skilled professional table tennis players from various countries, both male and female, competing for the championship title.

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 programs and prioritize the allocation of resources for sports. He stated that “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”.

Similarly, the CEO of Coronation Life Assurance, Akinlolu Akinyele, said that “we are excited to be a part of this epoch-making tennis fiesta. Indeed, Sporting tournaments such as the WTT Contender Tournament can be utilized as a medium to democratize wealth creation and access, thereby encouraging participation in all sporting activities in primary, secondary, and tertiary educational institutions. These will help make the sports sector more appealing for the youth to pursue as a career and profitable for businesses.”