{"id":357166,"date":"2025-02-27T06:53:22","date_gmt":"2025-02-27T05:53:22","guid":{"rendered":"https:\/\/www.withinnigeria.com\/news\/?p=357166"},"modified":"2025-02-27T10:49:08","modified_gmt":"2025-02-27T09:49:08","slug":"fg-overhauling-cooperatives-to-drive-economic-growth-minister","status":"publish","type":"post","link":"https:\/\/www.withinnigeria.com\/news\/2025\/02\/27\/fg-overhauling-cooperatives-to-drive-economic-growth-minister\/","title":{"rendered":"FG Overhauling Cooperatives to Drive Economic Growth \u2013 Minister"},"content":{"rendered":"<ul class=\"marker:text-textOff list-disc\">\n<li>\n<p class=\"my-0\"><strong>The federal government is revamping the cooperative sector to enhance economic growth and community empowerment<\/strong><\/p>\n<\/li>\n<li>\n<p class=\"my-0\"><strong>Cooperatives globally provide stable employment for 280 million people, with the largest generating $2.4 trillion in turnover<\/strong><\/p>\n<\/li>\n<\/ul>\n<hr \/>\n<p data-pm-slice=\"1 1 []\">Senator Aliyu Abdullahi, Minister of State for Agriculture and Food Security, has revealed that the federal government is revamping the cooperative sector to enhance economic growth and empower communities.<\/p>\n<p>Citing data from the International Cooperative Alliance (ICA), he noted that around 12% of the global population is engaged in one of the three million cooperatives worldwide.<\/p>\n<p>These cooperatives provide stable employment and work opportunities for 280 million people, representing about 10% of the global workforce.<\/p>\n<p>Abdullahi emphasized the need for revitalization at the launch of the national intensive workshop for trustees, management committees, and managers of cooperative societies at the Federal Cooperative College, Kaduna.<\/p>\n<p>\u201cCooperatives are essential for sustainable economic growth, offering stable employment to 280 million people, which accounts for about 10% of the world\u2019s workforce.<\/p>\n<p>&#8221; According to the World Cooperative Monitor (2023), the largest 300 cooperatives and mutuals generate a total turnover of $2.4 trillion,\u201d he stated.<\/p>\n<p>Based on these statistics, the FG will begin an <a href=\"https:\/\/www.withinnigeria.com\/news\/2022\/03\/12\/agencies-need-complete-overhaul-ganduje-says-cases-on-insecurity-most-often-compromised\/\">overhaul<\/a> through its reform and revamp program. \u201cWe aim to drive innovation by renovating first, revitalizing the sector to restore public confidence, and bringing back the cooperative movement\u2019s influence in Nigeria\u2019s socio-economic development,\u201d he added.<\/p>\n<p>The Provost of the college, Dr. Ibrahim Auwal, stated that participants would be introduced to new governance models, management strategies, and strategic partnerships to help their cooperatives remain competitive and sustainable.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The federal government is revamping the cooperative sector to enhance economic growth and community empowerment Cooperatives globally provide stable employment for 280 million people, with the largest generating $2.4 trillion in turnover Senator Aliyu Abdullahi, Minister of State for Agriculture and Food Security, has revealed that the federal government is revamping the cooperative sector to [&hellip;]<\/p>\n","protected":false},"author":44,"featured_media":357172,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jnews-multi-image_gallery":[],"jnews_single_post":{"source_name":"","source_url":"","via_name":"","via_url":"","override_template":"0","override":[{"template":"2","single_blog_custom":"211693","parallax":"1","fullscreen":"1","layout":"right-sidebar","sidebar":"default-sidebar","second_sidebar":"default-sidebar","sticky_sidebar":"1","share_position":"top","share_float_style":"share-monocrhome","show_share_counter":"1","show_view_counter":"0","show_featured":"1","show_post_meta":"1","show_post_author":"1","show_post_author_image":"1","show_post_date":"1","post_date_format":"default","post_date_format_custom":"Y\/m\/d","show_post_category":"1","show_post_reading_time":"1","post_reading_time_wpm":"300","show_zoom_button":"1","zoom_button_out_step":"2","zoom_button_in_step":"3","show_post_tag":"0","show_prev_next_post":"0","show_popup_post":"0","number_popup_post":"1","show_author_box":"0","show_post_related":"0","show_inline_post_related":"1"}],"override_image_size":"0","image_override":[{"single_post_thumbnail_size":"crop-500","single_post_gallery_size":"crop-500"}],"trending_post":"0","trending_post_position":"meta","trending_post_label":"Trending","sponsored_post":"0","sponsored_post_label":"Sponsored 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