CFAN, dRPC to hold symposium on sustaining women’s economic cooperatives in Nigeria
The cooperative society has over the years provided opportunities for women, especially those in rural communities to sustainably escape poverty
Cooperatives Financing Agency of Nigeria (CFAN) in collaboration with the development Research and Projects Centre (dRPC) is set to hold a national symposium to commemorate the 2022 global cooperative day.Opinion With many of these constituents having undergone massive erosion before the recent rebound, the November conference would create a fundamental opportunity for conversation across policy makers and industry experts, with the benefit of global comparative experience, to enable the basis for leapfrogging economic recovery through the tourism and creative sectors.Opinion On December 1, 1955, in Montgomery, Alabama, a 42-year-old woman named Rosa Parks did what philosophers call against method.by June 25, 2022 2 min read Nigeria’s commercial capital city, Lagos State, is driving Nigeria’s latest COVID-19 surge as the country recorded 247 infections between June 21 and 24, 2022.
The day marked on the first Saturday in July every year is an opportunity to promote the cooperative movement worldwide and to showcase the successes, challenges, and opportunities of cooperatives as a business model.The organisations, in a statement obtained by PREMIUM TIMES, said the symposium is scheduled to hold on Tuesday.It is without doubt that tourism was one of the sectors greatly disrupted in the wake of the COVID-19 advance, with adverse consequences for livelihoods, jobs, and the general global economy, seeing to a huge erosion of over 80 per cent of value across a chain of related industries – from travel to hospitality, fashion, and others.It aims to highlight the importance of sustaining Women’s Economic Cooperatives (WECs) in Nigeria.Her refusal sparked off a boycott that changed the paradigm of racial relationship in America.The organisations noted that women have learnt to co-operate with others with whom they live in order to ease difficult physical and financial burdens together.This has led to major efforts being made to recoup lost grounds and create new value that drives sturdier economic growth, while motivating the demand that reflates fiscal activities, thereby resuscitating and expanding the jobs and income pool, etc.It said through cooperatives, women have continued to contribute to the nation’s economic growth despite a lack of access to funds.Of the 256,958 total cases recorded since the outbreak of the pandemic in 2020, Lagos State recorded 100,125 cases followed by the FCT and Rivers State with 28,738 and 16,761 respectively.
“The standard of living for women who are members of cooperatives has been raised thus guaranteeing better quality of lives.This had earlier led to the declaration of 2021 as the International Year of the Creative Economy for Sustainable Development by the 74 th General Assembly of the United Nations.At the risk of sanctions for her impudence, Parks had reportedly told the Montgomery bus driver, “My feet are tired.” The organisations said several women cooperatives, associations, and groups have come to stay, addressing the challenges of their members through financial support, savings, and disbursement of loans to members.How Cooperative Works Women in cooperatives have access to collateral-free loans after a certain duration of their contributions.As the United Nations World Tourism Organisation (UNWTO) put it, in this bold strides towards recovery, the “creative economy and creative industries could be part of the solution.The amount contributed – popularly called “Ajo” in Yoruba language “Isusu” in Igbo language and “Adashe” in Hausa language is a compulsory contribution savings scheme “in which a group of people come together to put an agreed amount of money into savings daily, weekly or monthly, and then at the end of every month, someone in the group takes all the money (interest-free) saved for that month.(Hons) in Philosophy in 1984.” This is subsequently rotated among all the group members throughout the contribution.” To further explore the potentials of the CCI, which are yet to be fully mined to the extent of their capabilities and promise, most of the key actors and stakeholders within the tourism ecosystem from across many notable parts of the world have agreed to converge in Nigeria for a thought-fest on how to take the present recovery to a deeper and more sustainable level.Vaccination campaign With vaccination considered the most effective way to curb the continuous spread of the virus, the National Primary Health Care Development Agency ( NPHCDA ) said only 19.
Many women have expanded their businesses and even become employers of labour through this method.Cooperatives changing lives The organisation explained that the Micro, Small and Medium Enterprises (MSME) sector contributes about 48 per cent to the country’s economic growth with women owning about 41 per cent of it.This conference will build on the UNWTO and UNESCO joint proclamations, with emphasis on the Kyoto Declaration on Tourism and Culture advocating for greater linkages between tourism, cultures and the creative industries, as a way of engaging with the current challenges that the world faces in the numerous endeavours at economic recovery.Obi is a refreshing breeze in governance space, leaving an unbeatable governmental footpath of prudence, probity and empathetic governance towards the people he administered as governor from 2006 to 2014.“This contribution to the nation’s economic growth is significant regardless of the issues faced by women entrepreneurs such as lack of access to finance.” Despite this obstacle, millions of Nigerian women in the informal sector particularly in MSME have learned to be self-disciplined to personally provide funds for their businesses through cooperatives, savings, and loans.It is quite safe to project that the culture and creative industries could become significant catalysts of recovery and growth in a resurgent global economy, steadily coming out of the negative impacts of the coronavirus pandemic.According to dRPC, 60 per cent of cooperative memberships in Nigeria are women with “45 per cent of the cooperative leadership being taken by women.Wealthy by any standard but, unlike the typical Nigerian politician who is enveloped in vanity, Obi lives a frugal life that shows that wealth is nothing except targeted at developing humanity.
” The organisations said cooperatives have contributed majorly to the national output by way of massive production of goods and services.Also, the gathering will deliberate on how to enable collaboration across destinations, communities, academia and the private sector, as a way of improving training on the creative industries and cultural heritage.“Cooperative members readily benefited from government and non-government organisations of expert advisory services in various ways.“Cooperative enjoys soft loan benefits from the governments, banks and other similar institutions for the operation of their joint or individual businesses and functional cooperatives education and training imparted on the members enable them to do well in their businesses,” it said.In his declaration, “The Whiz Kid of this world, the Burna Boy, Davido and Tiwa Savage have really shown the world that Nigeria is a hub of the creative industry.When you scrutinise those aspiring to preside over the destiny of over 200 million Nigerians, they have no destiny of worth aside their unaccountable wealth.The symposium This symposium is supported by the dRPC, Partnership for Advancing Women in Economic Development (PAWED) and funded by the Bill and Melinda Gates Foundation (BMGF).At the event scheduled to commence by 8:00 a.” More so, in the work that we have done in the Nigerian Tourism Development Corporation (NTDC), which I have led in over half a decade, we have given critical support to the country’s creative and culture industry assets, of whose virility and forward looking prominence, testimonies abound.
m.This is what public officers swear to uphold.on Tuesday, key stakeholders will listen to the evidence from high-level panels and hear from women who are members of cooperatives.The return and unique numbers of visits generated from interest – as shown across many digital platforms that promote Nigeria – reveal the great attention that the country’s culture-driven tourism has been engendering.The key stakeholders will be drawn from government MDAs, academics, civil society organisations, women’s economic cooperatives and the media.The organisers said learnings from this will inform the reshaping of investments that support women’s cooperative enterprises.We are, therefore, thankful for the leadership of the Ministry of Culture and Information, alongside the UNWTO, in convoking this very timely gathering for thinking through much of the issues set to make the world economic recovery more enduring, by enabling the creative and culture industries as a crucial anchor.But Bloomberg, a media company headquartered in Midtown Manhattan, New York City, in a piece published on June 22 said the candidates dare not campaign that they want to eradicate corruption..
Cooperatives changing live✊🏾
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