FG unveils Cooperative Bank, digital identity system for cooperatives

Guardian | 12-05-2026 04:56pm |

The Federal Government has announced the establishment of the Cooperative Bank of Nigeria, aimed at enhancing financial support for cooperative societies across the country. In conjunction with this initiative, a nationwide digital identity system will be implemented to streamline operations and improve accessibility for cooperatives. These measures are designed to foster economic growth and empower local communities through better financial services and identification. The government emphasizes the importance of these developments in promoting cooperative activities and ensuring their sustainability.

Stay Updated with the Latest News!

Don't miss out on breaking stories and in-depth articles.