Lagos State Cooperative College Strengthens Cooperative Societies Capacity

…This 4-day training programme has been conceived and packaged with the intent of acquainting you the skills set required for the development and formulation of specific, measurable, attainable, relevant, and time-bound strategies for the sustenance and growth of cooperative businesses as managers and members of structured cooperative societies

The Lagos State Cooperative College (LASCOCO) in further building capacities of Cooperative Societies in the country in order to widen and improve their business knowledge and skills that would position them in a competitive advantage in the ever-evolving dynamic business environment has put together a 4-day training programme, titled; “Cooperative Business Strategy”.

The capacity building programme taking place in the School at Agege covered discussions on Business information and Data Monetization; Business Strategy for Cooperative Survival, Bankable Feasibility Studies in Cooperative Environment, Agribusiness Value Chain, and Business Re-engineering amongst others.

The training programme accordingly was designed and packaged to impart to participants the needed skills required for growth, development, and formulation of activities to sustain structured Cooperative Societies.

At the opening ceremony, the Provost of the College, Mr. Akorede Ojomu said that the institution had been positioned to promote the growth and development of Cooperative Societies by providing bespoke human capacity training programs such as this.

He said, “the College as a specialized tertiary educational institution approved by the National Board for Technical Education (NBTE), provides year-round qualitative training in different streams and categories on cooperatives and related subjects for cooperators and interested members of the public. This is all to guarantee an adequate supply of highly skilled manpower for job creation and self-employment.

“Over the years, the College has re-invented itself to better serve the cooperative movement’s needs by providing customized long and short-term training for enhanced service delivery. This development was driven by our resolve to benchmark cooperative business activities within our local environment with global standards through capacity building initiatives such as this which ultimately help to upscale the managerial competencies of cooperators’’.

He continued, “This 4-day training programme has been conceived and packaged with the intent of acquainting you with the skills set required for the development and formulation of specific, measurable, attainable, relevant, and time-bound strategies for the sustenance and growth of cooperative businesses as managers and members of structured cooperative societies:”. 

“In our position as managers of resources, our consciousness of the dynamism of the environment of our business operations is not in doubt; a development which entrusts on us the responsibility to be proactive in the formulation of strategies that will not only ensure the survival, but more importantly, the growth of the businesses we manage on behalf of our members.

“We all know that by nature, cooperative organizations are unique business entities in terms of their characterization, most especially as they are created primarily to promote the economic welfare of members and not essentially to maximize profit. Their business operations are impacted by macroeconomic policies and factors like other profit-oriented organizations thereby necessitating the need to deploy action plans that would ensure their sustenance and growth. “

Ojomu, concluded by calling on the participants to take the opportunity provided by the programme to acquire as much necessary knowledge as there was that would manifest in improved quality service delivery for the betterment of their societies.