FG launches ₦200bn Capital drive for proposed cooperative bank

The Nigerian Federal Government launched a ₦200 billion capital mobilisation campaign for the proposed Cooperative Bank of Nigeria under the Renewed Hope Cooperative Reform and Revamp Programme (RH-CRRP). Minister of State for Agriculture and Food Security, Aliyu Abdullahi, unveiled the initiative in Kaduna. The bank aims to support agriculture, enterprise growth, financial inclusion, housing, transportation, and wealth creation. Cooperative societies will own 65% of equity, institutional and private investors 30%, and employees 5%.