As the world marks 2022 International Cooperative Day today, the President of Cooperative Federation of Nigeria (CFN) and International Cooperative Alliance-Africa, Chief Oriyomi Ayeola, has called on the federal and state governments to support efforts by cooperative movement to revamp and boost economies, among other functions.

International Cooperative Day is celebrated annually on the first Saturday in July by Global Cooperative Movement since 1923 and the United Nations since 1995. Oriyomi’s call is contained in a special statement issued to commemorate the day and address members of cooperative societies in Nigeria and Africa at large.

Describing the theme for this year’s celebration,  “Coops Build a Better World”, as apt and timely, considering the pervasive downturn in all spheres and sectors in the world, he said the theme would help to address the challenges.

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He said: “The theme of this year’s celebration is Coops Build a Better World. This is in appreciation of cooperatives’ dedication and adherence to standards, moral and ethical values; which are entrenched in the cooperative principles that build people’s social network and generate healthy communities and national peace.

“According to the Cooperative Monitor published by the International Cooperative Alliance (ICA), cooperative members across the world represent 12 per cent of humanity. This is a pointer to the fact that many people across the world are embracing the Cooperative Business Model.

In Nigeria, we have well over 40 million cooperators spread in all the sectors of the Nigerian economy providing succour to members and non-members alike.”