Coronation Insurance supports economic growth initiative

Coronation Insurance said it is sponsoring the World Tennis Tournament to boost Nigeria’s economic growth.

In a statement, it said 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 Chief Executive Officer of Coronation Insurance Plc, Mr Olamide Olajolo, stated that there was an urgent need to support national sporting bodies to implement targeted fund-raising programmes and prioritise 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.”

The Chief Executive Officer, Coronation Life Assurance, Akinlolu Akinyele, said, “We are excited to be a part of this epoch-making tennis fiesta. Indeed, sporting tournaments 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. These will help make the sports sector more appealing for the youth to pursue as a career and profitable for businesses.

He said sports could provide an important platform for youths to develop life skills that would enable them to cope better with everyday life challenges, and transition away from drug abuse, violence, and crime.

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