COFAS calls for Cooperative Development Fund in Anambra

Laments poor financing, weak governance in the sector

By Cynthia Alo

The Cooperative Federation of Anambra State Limited, COFAS, has called on the State Government to establish a Cooperative Development Fund, CDF, and integrate cooperatives into the state’s economic planning.

COFAS also disclosed that poor access to finance, weak governance structures, and low digital literacy among member societies are threatening the growth of cooperatives across the state.

President of COFAS, Dr. Ogochukwu Soludo, who spoke at the 2026 International Day of Cooperatives in Awka, Anambra State capital, said the proposed fund would help unlock affordable, tailored financing for the state’s many micro and small cooperative enterprises.