Cooperative societies in Lagos State have received a major boost with the support of Wema Bank’s CoopHub, a digital solution which guarantees optimal productivity for small businesses.
The bank unveiled the product during the occasion of the International Day of Cooperatives 2024 in Lagos.
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.
While justifying the role of cooperative societies as an essential avenue for economic growth, Wema Bank’s Divisional Head of Retail and SME, Ayodele Olojede, emphasised the need for intentional, impactful and sustainable efforts towards the advancement of the Nigerian Cooperative Industry.
“Cooperative Societies represent a very significant platform for socio-economic development and for us at Wema Bank, we stand proudly as the cooperative-centric bank that is committed to providing the resources and tailored solutions that these cooperatives need to thrive and remain successful.
“CoopHub is the perfect embodiment of this commitment, and we are thrilled that more cooperatives are discovering this solution and coming on board to optimise their operations and maximise the opportunities provided for their growth.
“The achievement of a sustainable and ideal future for cooperative societies not only requires that we adapt to the increasingly digital world we exist in, but also drive more inclusivity for the youth to also key in. CoopHub succinctly unites both pillars in one and as the digital solution pioneered by Nigeria’s most resilient and innovative bank, you can trust that the future we are enabling for cooperative societies is one that is built to last.
“As the Bank that is committed to creating and promoting viable opportunities for women, in celebration of International Day of Cooperatives, we are supporting every woman present here at the Lagos State Government Ministry of Commerce, Cooperatives, Trade and Investment International Day of Cooperatives 2024 Event, with a free healthcare plan through our women-focused proposition, SARA by Wema.
“We remain unwavering in our lifelong mission of empowering lives through innovation and are committed to proliferating our positive impact across every key vertical that is instrumental to the success of the people and the growth of the Nigerian economy.
“We take this unique celebration as an opportunity to further reiterate our commitment to empowering cooperative societies for optimal productivity through CoopHub.”
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.
With its unique, simplified and tailored configuration, CoopHub stands as the future of Nigerian cooperative societies.
Credit: thenationonlineng.net
