Maistrade Multipurpose Cooperative Society Limited has announced a $5 billion Cooperative Trust Fund to boost food production and ensure quality education in Nigeria.
Its President/Chief Vision Officer, Benjamin Aduli, at a press conference on Friday in Abuja, said the fund, also known as the AssuredInvest Cooperative Trust Fund, will mobilise cooperative capital into national priority sectors such as agriculture, affordable housing, MSMEs, education, green energy, and digital inclusion.
Aduli said when properly structured, transparently governed, and purposefully deployed, the fund would unlock the full economic potential of farmers, farmlands, and small businesses. He explained that the fund is backed by institutional capital, governed by cooperative law rather than securities law, driven by clear cooperative use cases: food production, mechanisation, housing, education, clean energy, and digital inclusion.
“The AssuredInvest Fund is more than an investment model; it is a national call to action. Through this fund, we are enabling millions of Nigerians to collectively shape their economic destiny through secure, trusted, and inclusive cooperative finance,” he said. He complained that for decades, the Nigerian cooperative system has been treated as an afterthought—underutilised, underfinanced, and underestimated, stating that “today, that era ends. With this fund, we are shifting from marginalisation to mobilisation.”
