The Federal Government says the country will review its outdated Cooperative Societies Act to meet global cooperatives’ best practices.
Nigeria’s Minister of State for Agriculture and Food Security, Sen. Dr Aliyu Sabi Abdullahi made this known at a news briefing to mark the 2025 International Day of Cooperatives in Abuja.
Represented by Ms Omolara Svensson, the Minister’s Special Assistant on Women and Youth Agricultural Innovation, he said the review was important to capture evolving trends in the system and aid effective cooperative businesses in the country.
Abdullahi further enumerated some of the efforts of the Federal Government toward repositioning cooperatives in the country,
He added that they had taken a study and benchmarking mission to Kenya, Africa’s leading cooperative economy to draw lessons for local reform.
News Edited By Favour Owonibi