The Kano State Government has criticized how the N500 billion the Federal Government allocated through the Bank of Industry to help small businesses throughout the nation’s geographical zones was distributed.
At a meeting with representatives of the Kano Cooperative Society on Thursday night at the Government House, Governor Abba Yusuf made the allegation.
He disclosed that there was a considerable skew in the distribution, with Lagos State obtaining 47% of the allotted amount, the South-South Zone coming in second with 17%, and other regions receiving far smaller amounts.
Yusuf deemed the distribution method to be “unfair, unconstitutional, and illegal.” He urged members of the National Assembly and the proper authorities to address the issue and punish those at fault.
He declared that in order to reduce poverty and recover their power, cooperative societies would receive backing from the state government.
The gathering was part of celebrations for 2023’s International Day of Cooperatives.
Yusuf underlined his administration’s top priority of reducing poverty in Kano State while being represented by his deputy, Aminu Gwarzo.
Gwarzo stressed the significance of cooperative societies as means by which residents can improve their lives and contribute to the general development of their town and the country in a statement released on Friday by the deputy governor’s spokesman, Ibrahim Shuaibu.
Speaking on behalf of the group was Musa Aikawa, President of the Kano Cooperative Society, who underlined the importance of cooperatives in improving the lives of their members.
He revealed that the majority of the state’s 2.8 million cooperative members are young people.
Aikawa asked the state government to become involved in order to create plans for lowering the high unemployment rate in the region.
Yusuf declared that the state government would work with cooperative groups to create initiatives to end poverty and promote sustainable development.
“Furthermore, committees would be established to review the cooperative desk officers’ activities in each local government area, while desk officers would be introduced in major markets such as Dawanau, Kantin Kwari, and Yan Lemo to guide and support cooperative activities,” he added.
In order to advance and lower unemployment in Kano, the youth were urged to adopt cooperative business initiatives by Mairo Danbatta, the Permanent Secretary of the Ministry of Commerce, Industry, and Solid Minerals.
Several dignitaries, including government leaders and representatives from educational institutions involved in cooperative initiatives in Kano, attended the gathering.