Co-op. News

New training programme for youth in Nigeria

‘This is us as a co-operative giving back to the society’

The Reliance Thrift and Credit Cooperative Society (RTCCS) in Nigeria aims to help tackle unemployment in the country by running free training and education programmes for young people looking to develop practical skills such as barbering, tailoring, hairdressing, agriculture or tie-dye. 

The training will be paid in full by RTCCS. At the end of the scheme, the five most promising candidates will be set up to trade, with their tools and initial rent covered by the co-operative.

Bayonle Omoyele, managing director at RTCCS told independent newspaper Vanguard that this was “us as a co-operative giving back to the society”. 

He told the publication the co-operative tried to have an impact on its members’ lives, by helping them to cultivate habits of service, including advising them to invest those funds, for a good return.

“Our members who need financial support for their businesses, we help them with loans. There is something that makes us special, it is asset acquisition. We basically help business owners groom their businesses,” he told Vanguard.

Mr Omoyele commended the Central Bank of Nigeria (CBN) for its efforts in providing loans for small and medium scale enterprises and young entrepreneurs in the country– and for kick-starting the Nirsal Microfinance Bank which has “been at the forefront of loan disbursements and Covid-19 disbursements”. 

Related Post: Rebuild Better Together: 2021 International Day of Cooperatives announced

But he also called on CBN and the federal government to disburse future loans through co-operatives. “They should call on registered and licensed co-operative societies as we have the figures and numbers, and we are closer to the grassroots than any other establishment,” he said.

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Co-op. News

International Day of Cooperatives will issue call to ‘rebuild better together’

The theme was chosen by the Committee for the Promotion and Advancement of Cooperatives (COPAC)

The International Cooperative Alliance has announced “rebuild better together” as the theme for this year’s International Day of Co-operatives (3 July).

Celebrated on the first Saturday of July, the day will showcase the role of co-operatives in driving a people-centred and environmentally just recovery after Covid-19.

“In the last year, we have witnessed how the co-operative model has been working towards the wellbeing of people and respect for the planet, underscoring what the co-operative movement stands for,” said Bruno Roelants, director general of the International Cooperative Alliance (ICA).

“We will indeed rebuild better together, and I’m confident that we will see many stories of how the co-operative movement can help communities become stronger in the post-pandemic world.”

The theme was chosen by the Committee for the Promotion and Advancement of Cooperatives (COPAC), a multi-stakeholder partnership of organisations, made up the Food and Agriculture Organization of the United Nations (FAO), the International Labour Organization (ILO), the United Nations Department of Economic and Social Affairs (UNDESA) and the ICA. Copac has been setting the theme of the International Day of Co-operatives since 1995.

The ICA calls on members and co-operators from across the world to join the #CoopsDay campaign on 3 July to show how co-operatives are meeting the COVID-19 crisis with solidarity and resilience.

Related post: Rebuild Better Together: 2021 International Day of Cooperatives announced

The ICA will release a media pack with logos, key messages and digital resources that co-ops can use to promote the day.

The day has been celebrated by the International Co-operative Alliance since 1923. In 1992 the United Nations General Assembly also proclaimed the first Saturday of July 1995 to be International Day of Cooperatives to mark the centenary of the establishment of the International Cooperative Alliance.

Since 1995 the United Nations’ International Day of Co-operatives has been observed jointly alongside International Co-operative Day. Thus this year’s celebration will be both the 27th United Nations International Day of Co-operatives and the 98th International Co-operative Day. 

More information about the International Day of Co-operatives is available at www.coopsday.coop.

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Co-op. News

Rebuild Better Together: 2021 International Day of Cooperatives announced

Next 3 July, the International Day of Cooperatives (#CoopsDay) will be celebrated as “Rebuild better together”. Cooperatives around the world will showcase how they are meeting the COVID-19 pandemic crisis with solidarity and resilience and offering communities a people-centred and environmentally just recovery.

“In the last year, we have witnessed how the cooperative model has been working towards the well-being of people and respect for the planet, underscoring what the cooperative movement stands for. We will indeed rebuild better together, and I’m confident that we will see many stories of how the cooperative movement can help communities become stronger in the post-pandemic world”, declared Bruno Roelants, Director General of the International Cooperative Alliance (ICA).
 
In the fields of health, agriculture, production, retail, finance, housing, employment, education, social services and many other spheres where cooperatives are found, the more than one billion cooperative members worldwide continue to prove that no one needs to face a crisis like the pandemic on their own. #CoopsDay will be the occasion to spread the word about how a human-centred business model, sustained by the cooperative values of self-help and solidarity and the ethical values of social responsibility and concern for community, can reduce inequality, create shared prosperity and respond to the immediate impacts of COVID-19.

The ICA calls on cooperators and partners around the world to get ready to celebrate #CoopsDay on 3 July and to show the world how we can Rebuild better together.

The 2021 #Coopsday actions’ pack including the logo, key messages and other digital resources will be available soon.

About the International Day of Cooperatives

Marked by cooperatives worldwide since 1923 and officially proclaimed by the United Nations General Assembly on the centenary of the ICA in 1995, the International Day of Cooperatives is celebrated annually on the first Saturday of July.

The aim of #CoopsDay is to increase awareness of cooperatives and promote the movement’s ideas of international solidarity, economic efficiency, equality, and world peace. Since 1995, the ICA and the United Nations through Committee for the Promotion and Advancement of Cooperatives (COPAC) have jointly set the theme for the celebration of #CoopsDay.

This year’s celebration will be the 27th International Day of Cooperatives recognized by the United Nations and the 99th International Cooperative Day.

Through #CoopsDay, local, national and global policymakers, civil-society organisations and the public in general can learn about the contribution of cooperatives to a just future for all.

How to celebrate #CoopsDay?

Cooperatives around the world celebrate #CoopsDay in many different ways. Below are examples of some of the activities organised by cooperatives around the world:

  • The messages of the ICA and United Nations are translated into local languages and widely disseminated to cooperators, media, government officials at all level.
  • Use newspapers and radio programmes to create awareness! Issue a press release on the occasion of the International Day of Cooperatives. 
  • Cooperative Fairs, exhibits, contests, and campaigns are held.
  • Meetings with government officials, United Nations agencies and other partner organisations are held.
  • Cooperatives partner with community agencies to champion economic, environmental, social and health challenges (blood drives, tree planting, etc.)
  • Share your story with us! 

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Co-op. News

Commissioning of Itoku (Ab) Cooperative Investment House

The President of Itoku (Abeokuta) Cooperative Investment and Industrial Society Limited, Chief Adeoye Olusegun in his welcome address said and I quote “today is another land mark in the history of Itoku (Abeokuta) Cooperative Investment and Industrial Society Limited, the society was established on 15th April, 1996 with registration number 276 as a Cooperative Industrial and Investment Society under Ife Oluwa (Abk) CMU Limited, Idi – Aba, Abeokuta”.

“As you all know that Rome was not built in a day, the Cooperative Society has invested in production of Exercise Books, Buying and Selling of Cement, Thrift and Credit Business, Hostel Business at FUNAAB, Abeokuta and her edifice was commissioned on 24th May, 2017.”

“The old building of Sonde’s family at Afariogun’s compound Ake, Abeokuta, Ogun State was bought on 13th March, 2018 with a dream of building a complex in which God has made it a reality today. To God be the Glory”.

Related post: OGSCOFED Ltd Holds 2021 Administrative Managers/Account Officers Retreat in Abeokuta.

The President of Itoku (Abeokuta) Cooperative Investment and Industrial Society Limited, Chief Adeoye Olusegun welcomed everybody to the commissioning of Itoku (Abeokuta) Cooperative Investment house, Ake, Abeokuta, Thursday, 1st of April, 2021 and gave total cost of the complex to be Fifty-One Million, Eight Hundred and Eighty Thousand, Seventy-Five Naira (N51,880,075.00).

Chief Adeoye Olusegun thereafter appreciated the Honourable Commissioner for Community Development and Cooperatives, Hon. Ganiyu Hamzat, the Permanent Secretary, Ministry of Community Development and Cooperatives, Miss. Seye Fatundimu, the Director of Cooperative Services in Ogun State, Mr. Samuel Mustapha and his team, the OGSCOFED Limited President, Alhaji (Dr). Abdulrazaaq Ola Balogun FHNR, CBD, the Abeokuta Branch II of OGSCOFED Limited and the Union President of Ife Oluwa (Abk) CMU Limited Evang. Philip Babatunde, Administrative Manager, Mr. Oluranti Adebayo and staff of Ife Oluwa (Abk) CMU Limited for giving them their time and said we are grateful to God Almighty for the achievement so far and to all.

The President of Ogun State Cooperative Federation Limited (OGSCOFED), Alhaji (Dr). A. Ola Balogun FHNR, CBD in his address congratulated the President and Members of Itoku (Abeokuta) Cooperative Investment and Industrial Society Limited. He appreciated the Cooperative Society Committee for their prudency. He said due to her democratic organization and economic orientation, Cooperatives contribute significantly to social integration, job creation and reduction of poverty of the Nation.

Alhaji (Dr). A. Ola Balogun, President OGSCOFED Limited also urged them to diversified into other business within the scope of their bye-laws.

Related post: OGSCOFED Ltd Holds 2021 Administrative Managers/Account Officers Retreat in Abeokuta.

The Honourable Commissioner for Community Development and Cooperatives, Hon. Ganiyu Hamzat too congratulated the President and Members of Itoku (Abeokuta) Cooperative Investment and Industrial Society Limited for the achievement recorded and eulogized the Board of the Cooperative Society for being prudent enough to have spent the sum as presented.

Hon. Ganiyu Hamzat, the Honourable Commissioner for Community Development and Cooperatives also said that Cooperative has been playing crucial role in the State’s economy and pledge his continue support for the Cooperative Movement. He then wish the entire Members of Itoku (Abeokuta) Cooperative Investment and Industrial Society Limited more successes in the Cooperative activities and commissioned the edifice to the glory of Almighty.      

Reporting: Badejo Adeyemi

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