Cooperatives play a strategic role in implementing the
government’s social investment and intervention programmes and ensuring that a
large number of people have access to facilities, says Vice President Yemi
Osinbajo.
Osinbajo made the assertions on Monday when he received a
delegation from the Cooperative Federation of Nigeria (CFN) led by the
President, Tajudeen Oriyomi Ayeola.
This was disclosed in a statement by Laolu Akande, the
Senior Special Assistant to the President on Media & Publicity, Office of
the Vice President, on Tuesday.
Osinbajo said cooperatives are an important part of the strategy to ensure that the largest number of Nigerians have access to government programmes.
“The partnership of cooperatives with the government is
possibly the only way of doing so in an efficient manner that ensures that
government services and programmes get to the right people.
“Cooperatives give their memberships the leverage to be able
to take facilities and make sure those facilities are returned. They also have
more knowledge of their individual members,” Osinbajo noted.
The VP said, “the rationale for cooperatives even in the 50s
remains relevant today.
”When we talk about cooperatives in the Western Region and
how these were very helpful and even cooperatives across the country became
important pillars in the economic development of the country.”
Giving an instance where cooperatives have come in useful,
Prof. Osinbajo said, ”we thought that cooperatives would be very useful in all
the programmes around the Economic Sustainability Plan. One of them is the
Family Homes Funds and our plans to build 300,000 social housing units.
“The case for cooperatives is very well made and what we
must do as a government is to look for ways of cooperating with the Cooperative
Associations in ensuring that we are able to get this moving.”
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