FG to raise N200 billion capital for cooperative bank

The Federal Government has announced its intention to raise N200 billion in share capital for the establishment of the Cooperative Bank of Nigeria. This announcement was made during the North-West Zonal Engagement of the Ministerial Advocacy Tour, which focused on the mobilization of share capital for the bank and the digitalization of the cooperative sector. The event took place in Kaduna, where officials emphasized the importance of the cooperative banking model in enhancing financial inclusion and supporting local economies.

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