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Cooperatives Societies charged on credit opportunities

Cooperatives Societies charged on credit opportunities

By Fatimah Muraino
Cooperative societies in the country have been urged to avail themselves of the opportunity to assess loans from the Micro Credit Agency and Bank of Industry   to empower their members for productive ventures.

The Special Adviser to Ondo State  Governor on Commerce, Industry and Cooperative Services, Mr. Tunji Ifabiyi gave the advice in a keynote address delivered at this year’s Cooperative Day tagged Cooperative for Decent Work, celebrated in Akure.

The Special Adviser who was represented by the Director of Planning ,Research and Statistics, Mr Segun Oyedeji, said the state Governor,  Arakunrin Oluwarotimi Akeredolu,  has incorporated the cooperative sector into his strategic developmental agenda, through sustainable grassroots development.

He noted that the theme for this year’s celebration was enunciated by the International cooperative Alliance (ICA), in collaboration with the Government Policy objective for development that would provide strong cooperative institutions for employment generation.

He declared that the agency for Commerce,  Industries and Cooperative Services has scaled up the monitoring and effective supervision of cooperative societies, operating in the state with a view to widening the scope of cooperative service delivery.

“It also addresses the challenges in the management of Cooperative organisations and dispute resolutions management through arbitration, which has been more effective with the technical support from Ministry of Justice”, he said. .

The Special Adviser congratulated outstanding Cooperative societies that were awarded at the event for their impressive performance, charging them to see it as a challenge to do more and double their commitment through effective service delivery.

In her goodwill message ,the Special Assistant to the Governor on Cooperative Matters, Mrs Omorinola Akinduro-Olanipekun,   said there would be smooth running of the cooperative societies if they adhere to the bye-laws that govern them in their dealings and operations.

She urged them to be faithful to one another, saying that it will further increase the economic power of individual cooperators.

Earlier, the President of Ondo State Cooperative Federation (ODSCOFED) Limited, Mr. Michael Olowoyeye appreciated the state government for supporting Cooperative Societies in the state.

Olowoyeye described the day as International day for the eradication of poverty, noting that the theme for the year was aptly chosen to support  the Sustainable Development Goal (SDG) agenda.

Owena Press Limited (Publisher of The Hope Newspaper), Akure

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