More investment is required in women’s cooperatives for them to attain their full potential and make major contributions to the country’s economic growth.
Ms Jalingo explained that cooperatives are a global driver of economic growth as they generated $2.98 trillion in annual revenue. Ms Jalingo said the role of cooperatives in the country’s development can not be underestimated. She said cooperatives create a link amongst women which helps them arrive at great decisions.Speaking at the event, Bala Kofarmata, a professor at the Dangote Business School, Bayero University, Kano, said investing in women’s cooperatives is as good as investing in a household.
He lamented that though Nigerian women constitute more than 50 per cent of the total population, they own less than 10 per cent of the country’s resources. She said this will ensure they answer to community needs and adjust to local concerns; as well as build a peaceful society, and promote collaborative entrepreneurship and economic growth.
She, however, said more awareness is needed to ensure women are fully aware of opportunities that await them.