Cooperative societies remain viable tools for sustainable micro-economy – Abiodun

Ogun State Governor, Prince Dapo Abiodun, has identified Cooperative societies as dependable tools necessary for building a sustainable micro-economy of any nation, especially in developing economies.

“It may interest you to know that here in our dear state, there are over 13,000 registered Cooperative organizations spread across the nooks and crannies of the State, and actively involved in agricultural input sourcing and supply; agricultural produce marketing; micro-insurance service; financial on-lending; road transportation, artisanal mining, value addition, rendering of strategic services, commerce and providing housing to meet needs of members among others.

”Indeed, we have continued to give our unflinching support to commendable strides taken by these Cooperative Societies in our state and their immense contributions towards making businesses flourish.

“Aside from the conducive environment our administration created for ease of doing business, the regular inspection and auditing exercises conducted by government officials on Cooperative Organizations have brought about a reduction in cases of overdue loans and maladministration in Cooperative management, which ultimately guarantee viability.

“In addition to that, moribund Cooperative Societies and Unions are equally being revived while new ones are promoted as we continued to sustain the revolving loans granted to Cooperatives through the Ogun State Cooperative Federation Limited (OGSCOFED) among other strategic interventions.

“I promise you today that we will not rest on our oars. Your mandate will never be taken for granted. In this second term of our administration, we will do more in the areas of job creation, food security, massive infrastructural development, industrialization, youth and women empowerment and overall well-being of our people,” he added.