HomeFeaturesSoludo Moves To Empower Over 20,000 Cooperatives With Funding

Soludo Moves To Empower Over 20,000 Cooperatives With Funding

Listen to article

Anambra State Governor, Professor Charles Soludo has shared details on how his government plans to review the Cooperative law with the aim to enhance the availability of capital for businesses through the cooperatives.

Governor Soludo made this disclosure yesterday in Awka during the celebration of International Cooperative Day, with the theme: ‘Cooperatives, Partners for Accelerated Sustainable Development.’

The Governor who was represented by Commissioner for Industry, Christian Udechukwu expressed his government’s readiness to partner with cooperative societies in Anambra, particularly in the area of funding, facilities and market creation.

Read Also: Five Ministers: Blame S’East Leaders, Not Tinubu – Okechukwu

Professor Soludo has announced his government’s intention to transition government operations online to aid in the proper planning of society, thereby reducing waste and losses.

‘The current administration is reviewing the cooperative law with a view to amending and expanding it to make capital available to the people of the State through the medium of cooperatives.

‘We want you to multiply your productivity from one hectare to 100 or more. We’re ready to back you up with necessary equipment and funding to expand your productive capacity.

‘I’m aware that there are over 20,000 cooperative societies in the State. That’s good news. That shows our cooperative list is growing.

‘We’ve also trained about 4,000 youth under the one youth two skills programme, who are already being integrated into about 400 cooperatives being registered to join the professional cooperatives of the state.

‘If we know what you’re producing and when you’re harvesting, we can arrange with those who can buy off your produce to meet you at your farm and pay you the amount that is profitable,’ he said.

Earlier, Director of, Cooperative Department in the Ministry, Mrs Nwabugo Okonkwo described cooperatives as a global wheel of economic development, poised to encourage societies.

‘Emphasis is being laid continually that membership to a cooperative society is not an avenue for sipping governments fund, but rather a means of assisting one another towards achieving collective goal interest,’ she said.

President, National Population Commission (NPC) Staff Multipurpose Cooperative Limited, Dr. Joachin Ulasi praised government for creating the platform, saying it had offered members opportunity to meet up with their financial challenges and make investments.

The Eastern Updates

Most Popular

Recent Comments