Wema Bank recommits to cooperative societies’ empowerment

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

 This commitment was made at the Lagos State Government Ministry of Commerce, Cooperatives, Trade and Investment International Day of Cooperatives 2024 event held recently.

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.

This year’s theme is ‘Cooperatives: Building a Better Future for All’.

Highlighting 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.

Olojede said, “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 built to last.”

CoopHub, Wema Bank’s digital solution for cooperative societies was launched earlier this year.

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