The Minister of Agriculture and Rural Development Dr Akinwumi Adesina disclosed that over 20,000 cooperative societies could be encoded in the ministry’s database to offer appropriate assistance where needed.
The minister said,
“The apex federation was also complementing the efforts of the ministry to significantly improve on current low access of agricultural credit from financial service providers by agric cooperatives and farmers groups.”
Based on Adesina,
“We have introduced the cooperative data analysis system as part of our efforts to make the cooperative societies become more hard working in order to be self-reliant, progressive and competitive. This system will enable us track their individual performances and their respective needs so that appropriate assistance can be given to those that require help.”
Speaking on the significance of cooperative societies, the minister described them as viable tools for empowerment, job and wealth creation, especially in rural areas. Cooperative societies are now being incorporated into President Jonathan’s Agricultural Transformation Agenda in a bid to boost the economy and solve the issues of poverty and unemployment