The Minister of State for Agriculture, Dr. Aliyu Abdullahi, has restated the plans of the federal government to revitalise the cooperative sector as part of its efforts to drive economic growth and reduce poverty in Nigeria.
Abdullahi who speaking at the Technical Strategy Session on Implementation of the Cooperative Reform and Revamp Programme in Abuja on Wednesday, Dr. Abdullahi pointed out the long-standing challenges hindering the sector’s growth, which he said include weak governance, outdated laws, and inadequate funding.
He, however, reiterated that the government is focused on charting a new course based on transparency, accountability, and inclusivity.
“Our mission today is to create an enabling environment that fosters innovation, entrepreneurship, and job creation.
“This aligns with President Bola Ahmed Tinubu’s Renewed Hope Agenda, which prioritizes economic growth and development,” the Minister said.
Furthermore, he outlined vital areas of focus which include the review of the final report from the ministerial technical working group on cooperative reform.
Senator Abdullahi informed that the implementation strategies developed would be in line with the President’s vision of building a $1 trillion economy.
While highlighting the global impact of cooperatives, the Agric Minister of State revealed that the combined asset base of cooperatives worldwide is valued at approximately $19.6 trillion, generating an annual revenue of $2.98 trillion.
He however maintained that Nigeria must harness this potential to strengthen its economy.
To achieve this, the Abdullahi unveiled plans for restructuring the Federal Department of Cooperatives, enhancing institutions such as the Federal Cooperative Colleges and the National Center for Cooperative Development.
The goal, he said, is to equip these institutions to provide high-quality training and prepare Nigerian youths for a modern, people-centric cooperative movement.
Dr. Abdullahi also underscored the importance of collaboration, calling for partnerships with private sector operators, civil society organisations, and cooperative societies across different categories.
“We must work together. The cooperative movement thrives on democratic principles and progressive thinking. Our success will depend on active participation and teamwork,” he said.
The Minister encouraged participants to seize the opportunity to contribute meaningfully to the reform process, urging them not to “undermine” their roles in building a stronger cooperative sector.
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