Cooperative Model Drives Green Growth in Nigerian Agriculture
The cooperative model is transforming Nigeria's agriculture sector by promoting green growth and financial inclusion for smallholder farmers. In a recent workshop in Lagos, stakeholders emphasized the central role of cooperatives in strengthening public-private partnerships.
Experts like Bankole Oloruntoba from the Nigeria Climate Innovation Center advocate for cooperatives to secure funding and attract investors. Abiodun Olorundero, founder of Prasino Farm, highlighted the importance of pooling resources within cooperatives to overcome financial limitations.
Research shows that cooperative societies in Cross River State have achieved a remarkable 94.5% loan approval rate, demonstrating the positive impact of this model on rural empowerment and financial inclusivity.
Plus234Feed summary based on reporting from Business Day. Read the original report below.
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