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1,000 cooperatives onboarded on Wema Bank’s CoopHub

Wema Bank has reiterated its commitment to empowering cooperative societies for optimal productivity through its digital solution for cooperatives, CoopHub. The bank stated this at…

Wema Bank has reiterated its commitment to empowering cooperative societies for optimal productivity through its digital solution for cooperatives, CoopHub.

The bank stated this at the Lagos State Government’s Ministry of Commerce, Cooperatives, Trade and Investment’s International Day of Cooperatives 2024 event.

The International Day of Cooperatives is a global celebration commemorated annually on the first Saturday of July, to recognise the significant impact of cooperative societies in promoting sustainable economic growth and their role in building a more sustainable future.

Themed: “Cooperatives: Building a Better Future For All”, the 2024 International Day of Cooperatives commemorated, by the Lagos State Government in collaboration with Wema Bank, convened key players in the cooperative ecosystem towards proffering solutions to prevalent challenges faced by cooperatives in Nigeria and creating a more sustainable future for all through the cooperative industry.

CoopHub stood out as a key solution to not only overcoming the challenges impeding the growth of cooperative societies, but also boosting economic growth and creating a better future for all.

Since its launch in May, 2024, CoopHub, the first of its kind in the Nigerian financial services industry, has onboarded over 1,000 cooperative societies, helping them optimise their operations and secure the resources and support they need to thrive with maximum efficiency.

Wema Bank’s Divisional Head of Retail and SMEs, Ayodele Olojede, emphasised the need for intentional, impactful and sustainable efforts towards the advancement of the Nigerian cooperative industry.

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