Maistrade Multipurpose Cooperative Society Limited, a large cooperative alliance in Nigeria, has unveiled a groundbreaking financial initiative, the “AssuredInvest Cooperative Trust Fund,” with a substantial capital base of $5 billion. This ambitious project aims to channel collective resources from cooperative members into crucial sectors of the Nigerian economy, fostering growth and development in areas such as agriculture, affordable housing, micro, small, and medium-sized enterprises (MSMEs), education, green energy, and digital inclusion. The fund represents a significant step towards harnessing the power of cooperative finance to address national priorities and empower individuals and communities across the country.
The driving force behind the AssuredInvest Fund is to provide a secure and transparent investment platform for cooperative members, enabling them to actively participate in shaping their economic future. This initiative seeks to move beyond traditional investment models by creating a collective force for positive change within the Nigerian economy. By pooling resources and investing strategically, the fund aims to generate significant returns while simultaneously contributing to the overall development and prosperity of the nation. It emphasizes the importance of inclusivity, ensuring access for individuals, institutions, and members of the Nigerian diaspora.
The fund boasts several key features designed to instill confidence and ensure responsible management of invested capital. These include a 10-year convertible debenture framework, offering investors a flexible and secure investment vehicle. An independent trustee will oversee the fund’s operations, guaranteeing transparency and accountability in its management. Furthermore, contributor capital is protected by insurance, mitigating potential risks and providing added security for investors. A split custodial account system further strengthens the fund’s security and integrity by providing a robust mechanism for safeguarding and monitoring the flow of funds. Finally, a dedicated digital platform will facilitate access for individuals, institutions, and diaspora members, streamlining investment processes and enhancing transparency.
Maistrade’s vision for the AssuredInvest Fund extends beyond mere financial gains. It seeks to foster a sense of collective ownership and responsibility among cooperative members, empowering them to actively participate in shaping their economic destiny. By investing in sectors crucial to national development, the fund aims to create a ripple effect of positive change, driving economic growth, improving livelihoods, and contributing to a more prosperous future for Nigeria. The fund’s leadership believes this initiative is not just about investment, but about empowering Nigerians to collectively shape their economic landscape.
Maistrade Multipurpose Cooperative Society Limited, the driving force behind this ambitious project, boasts a vast network of over 150 independent cooperative corporations across 37 states and federations in Nigeria, representing a combined membership exceeding 237,000 individuals and enterprises. This extensive reach and established infrastructure position Maistrade as a key player in the Nigerian cooperative landscape, equipping it with the resources and expertise needed to effectively manage and deploy the substantial capital of the AssuredInvest Fund. The fund’s initial implementation phase aims to attract over one million contributors, demonstrating the scale of its ambition and its potential to significantly impact the Nigerian economy.
The establishment of the AssuredInvest Cooperative Trust Fund marks a significant milestone in the development of cooperative finance in Nigeria. By mobilizing capital and channeling it towards strategic sectors, this initiative has the potential to unlock significant economic opportunities, create jobs, and improve the lives of millions of Nigerians. The fund’s focus on transparency, accountability, and security is crucial for building trust and attracting investors, ensuring the long-term success and sustainability of this ambitious project. The fund’s emphasis on inclusivity, through its digital platform and focus on reaching diverse segments of the population, further strengthens its potential for broad-based impact. Through this initiative, Maistrade Multipurpose Cooperative Society Limited is playing a leading role in promoting inclusive economic growth and empowering communities across Nigeria.
