Communique of the pre-agm national conference of the Cooperative Federation of Nigeria (CFN) and its launching of the UN international year of cooperatives, holding in Port Harcourt, Rivers state, 27th-30th August 2012.

COMMUNIQUE OF THE PRE-AGM NATIONAL CONFERENCE OF THE COOPERATIVE FEDERATION OF NIGERIA (CFN) AND ITS LAUNCHING OF THE UN INTERNATIONAL YEAR OF COOPERATIVES, HOLDING IN PORT HARCOURT, RIVERS STATE, 27TH-30TH AUGUST, 2012.

  1. The AGM resolved to sincerely thank Mr. President, H.E.Dr. Goodluck Jonathan, for his beneficial Cooperative Housing Scheme Initiative and recommends as follows:

The National Cooperative Housing Scheme should follow vertical cooperative structures:

  • Primary cooperative societies at the ward level;
  • Local Government Area- based Secondary Housing Unions;
  • State Housing Cooperative Associations
  • A National Housing Cooperative Federation.
  • On finance  the AGM resolved that:

The Federal Government is requested to devise mechanisms to:

  • Reduce the interest rates on production loans
  • Extend the period for loan repayments to at least twenty-four months to ease the pressure on producers.
  • The Government is called upon to recognize the special role of cooperatives in accelerated sustainable socio-economic development and accordingly grant them adequate fiscal and financial support.
  • On women representation in governance, the AGM noted with satisfaction the Government’s affirmative programmes and actions and called upon all cooperative organizations to enable this good example.
  • The AGM calls on the Federal Government to create an enabling environment for cooperative development by, among others, granting the Cooperative Movement its autonomy and independence and thus abate any undue interference.
  • The AGM calls on the Government to deeply involve the Cooperative Movement in preparing any new Cooperative Development Policy and Cooperative Societies Act.
  • The AGM calls on the Federal and the State Governments to implement the provisions of the 2002 Cooperative Development Policy, among them:
  • The creation of the National Cooperative Development Fund
  • The establishment of the study of Cooperatives into the secondary school curriculum
  • The proper incorporation of cooperative matters and interests in the nation’s socio- economic development programmes.
  • The AGM further resolved that the review of the Cooperative Development policy should be completed and accepted first before embarking on a new review of the subsisting Cooperative Societies Act, N98 of 1993.
  • The Cooperative Movement accepts to institute measures to regularly audit all cooperative societies as envisaged in the 2002 Cooperative Development Policy and calls on both the Federal and State Governments to support the Movement enable it meet this challenge.
  • The Cooperative Movement calls on both Federal and State Governments to establish a separate Ministry for Cooperative and Rural Development as envisaged in the 2002 Cooperative Development Policy.
  • The state Government are called upon to establish the State Council for Cooperative Affairs as well as the State Cooperative Advisory Board, also as provided for in the Cooperative Development Policy of 2002.