FG, Seamfix partner to digitise cooperative sector

The Federal Government of Nigeria has signed a Memorandum of Understanding with Seamfix Limited and the Cooperative Federation of Nigeria to develop and deploy a national digital registry aimed at formalising and improving the management of the country's cooperative sector. This National Cooperative Smart Registry will provide a central digital platform for registering and verifying cooperative societies and their members, with individual members linked to their National Identification Numbers.

The initiative is part of the government's Renewed Hope Cooperative Reform and Revamp Programme, which aims to improve regulatory coordination, reduce fraud and duplication, and provide better data for government planning, investment, and the delivery of interventions.

Brief written by urgent.news from Punch Nigeria's own syndicated text. Machine-written — may contain errors; check the original before relying on it.