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During the COVID-19 pandemic it’s important to stay home and safe. But it’s also important to stay connected with your #cooperative community. OGSCOFED President, Alhaji (Dr.) Abdulrazaaq Ola Balogun offers a message of hope and solidarity from his home.

Fellow Co-operators.

As we begin the lockdown as directed by the Federal and our State Governments which compelled everyone to stay at home for the next two weeks as a measure to curb the spread of the Coronavirus (COVID-19) pandemic

On behalf of the Board of Directors of Ogun State Co-operative Federation Limited (OGSCOFED), I considered it an obligation to send to you all, “my Amiable Board Members and the entire members of Ogun State Co-operative Movement” this Solidarity Greetings and to implore you to adhere strictly to the instructions and directives of the Government by ensuring:

  1. Strict maintenance of simple personal hygiene
  2. Washing of hands regularly with soap and water
  3. Sanitize our hands if we can afford a sanitizer
  4. Keep appreciable distance from each other and especially strangers
  5. Stay indoor, but if it is extremely important that you need to out, do not go too far from home and ensure you wear face mask during such outing
  6. Be security conscious both at home and outside as the present situation may likely increase the crime tendency especially with hoodlums.
    I want to assume that we have all prepared by making minimum affordable arrangements that will sustain us for the period as we are not expecting any help or assistance from any quarter.
    “OLOHUN O NI F’EBI PA WA O ” Amin. I pray to Almighty Allah to keep us safe during and after the period. Amen. I pray to Almighty Allah to keep us safe during and after the period. Amen

Meanwhile, in consideration of the good framework of the Co-operative Movement that is spanned through the national level to the grassroots and the established structure of the Movement to easily get to the masses, the headships of the Co-operative Federation of Nigeria is making up is making advise to the Federal Government to use Co-operative platform to distribute her Coronavirus (Covid-19) palliatives. I hope our State Government can also use the platform as well.

I am absolutely convinced that we will get out of this health and economic crisis In Shaa Allah, but we will do it with the Solidarity of each of us.
By the spacial grace of GOD, we shall not loose any of us, we shall all come back to our normal life again.

STAY SAFE!

Long live Cooperative Movement of State !
Long live Cooperative Movement of Nigeria !!
Long live Ogun State of Nigeria !!!
Long live Federal Republic of Nigeria.

Alhaji (Dr.) Abdulrazaaq Ola Balogun FHNR, CBD
OGSCOFED Limited PRESIDENT.

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OGSCOFED Limited President, Alhaji (Dr) A. Ola Balogun advise all Co-operative Societies and Unions in Ogun State to suspend Meetings and postpone of AGM

Due to the global spread of the Coronavirus and the recent ban of all high-density gatherings in Ogun State, the State Government wishes to clarify that the ban on high-density gatherings affects all schools, whether they are public or private-owned, as well as all religious activities in the State.

Consequently, all schools in the State will remain closed indefinitely after school hours on Friday, March, 20th, 2020. Also, all religious centres and activities including regular and special services that bring together fifty (50) or more persons in the same place are banned with immediate effect.

These measures will be reviewed at regular intervals in response to the development surrounding the Coronavirus disease.The Government, therefore, enjoins all parents and guardians who have their children and wards in any boarding facility within the State to immediately evacuate them and return them to their respective homes at the close of schools on Friday, March 20th, 2020.

Governor Dapo Abiodun thankfully acknowledges and appreciates religious leaders for their advice, understanding solidarity and support, as we jointly search for a solution to the pandemic and for their cooperation to observe all safety measures in the overall interest of our State and common humanity. The government reiterated the need to observe the global best practice of social distancing as a way of curtailing the spread of the pandemic and recommends that as much as possible, people should minimize contact with others and maintain a distance of at least five feet between one another in public places or in public transportation.

In addition, nonessential travels should be limited whilst also avoiding high-density gatherings. Governor Abiodun pleads for the understanding of parents, school owners and the entire citizenry to comply fully with all laid down measures and for them to offer useful information for the state to respond appropriately to the COVID-19 challenge.The Governor further encourages people to maintain a high level of personal hygiene and surveillance. He added that suspected cases should be reported at the nearest Primary Healthcare Centre (PHCs) in all the 236 wards in the State or the Emergency Operations Centre on COVID-19 by telephone on 08188978393 or 08188978392

Following the directive by the Executive Governor of Ogun State on the Coronavirus issue. The President of Ogun State Co-operative Federation Limited (OGSCOFED), Alhaji (Dr). A. Ola Balogun FHNR, CBD advised all Co-operative Unions and Societies in Ogun State with membership up to fifty (50) and above to suspend Meetings and holding of Annual General Meeting (AGM) for now until further notice.

Thank you for obliging.

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ALAJESEKU ALAJUMOSE ALAFOWOSOWOPO KARI AYE

There are radio programmes of different nature/content on air this days but your precious time is too important to be wasted listening to a non-imparting programme.

Have you heard about this informative, educative and entertaining program of recent?

Yes

ALAJESEKU ALAJUMOSE ALAFOWOSOWOPO KARI AYE is the title of the radio programme on Ogun State Broadcasting Corporation (OGBC II) 90.5Mhz and it comes on air every blessed Monday morning by 11:00WAT to 11:30WAT.

ALAJESEKU ALAJUMOSE ALAFOWOSOWOPO KARI AYE is packaged by Ogun State Co-operative Federation Limited (OGSCOFED) situated @ Opposite Ibadan Motor Park, Asero, Abeokuta, Ogun State, NIgeria

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Ogun State Co-operative Movement Annual Prayer Day 2020

Like we have been doing Annually, this year Co-operative Movement Day of Prayer to usher in and commit Co-operatives into hands of Almighty God in year 2020 Financial year was held on Thursday 16th January, 2020 at Co-operative House, Asero, Abeokuta, Ogun State, Nigeria.

Co-operators from all Branches and Zones were well represented Pastor/Rev’d and Alfa prayed for peaceful co-existence of Members, Co-operative Societies and Unions, Co-operative Leaders, Staffs, Ogun State and our country Nigeria in year 2020.

The State President, Alhaji (Dr). Abdulrazaaq Ola Balogun was so excited and enjoined all Cooperators to be Law abiding, operate according to the dictate and principles of Co-operatives and lead by example in all their activities.

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

Ogun State Cooperative Federation Limited (OGSCOFED) on Tuesday, 24th March, 2021 held a day Annual Retreat for Cooperative Administrative Managers/Account Officers in Ogun State at ‘Tayo Sobanjo Building, Cooperative House, Asero, Abeokuta, Ogun State to review her activities over digital transformation in Cooperative activities.

Opening Prayer: The commencing opening prayer was said by Pastor Babalola Solomon, Administrative Manager for Iranlowo Oluwa Leme (Abeokuta) CMU Limited.

Introduction: The introduction of dignitaries on the high table and the lecturers was done by the Acting Executive Secretary of OGSCOFED Limited, Mr. David I. Ayelabola viz:

  1. Pastor Samuel O. Mustapha – Director of Cooperative Services in Ogun State.
  2. Mr. Akeem A. Ogunjimi – Deputy Director of Cooperative Services in Ogun State
  3. Alhaji (Dr). Abdulrazaaq Ola Balogun FHNR, CBD – President, OGSCOFED Limited
  4. Mr. M. T. Idowu – Vice President OGSCOFED Limited
  5. Evang. Philip Babatunde – Chairman, Education and Seminar Committee
  6. Elder Kayode Salako – Member, Education and Seminar Committee
  7. Mrs. C. A. Agunbiade  – Member, Education and Seminar Committee
  8. Mrs. A. A. Adebiyi  – Member, Education and Seminar Committee
  9. Mrs. K. A. Adesina – Member, Education and Seminar Committee
  10. Mr. Adesoji Adenowo – Adesoji Adenowo & Co. in Association with First-lincoin Technology
  11. Mr. Ogundana Oseni, Nurudeen Adenekan and Damilare Bamigbola from Interakt Company
  12. Mr. Omotola Oyelude from PTAS Solutions International Limited
  13. Mr. Akinsola Golden – Branch Manager, Cooperative Mortgage Bank

Chairman opening remarks: In his opening remarks, the Chairman, Education and Seminar Committee, Evang. Philip Babatunde welcomed all participants to the retreat and asked them to pay attention and be ready to adopt and embrace this new system of doing things and not to stick to the old ways. In the same vein, Mr. M. T. Idowu, Vice President OGSCOFED Limited welcomed all participants asking them to be an agent of change.

The OGSCOFED Limited President, Alhaji (Dr). Abdulrazaaq Ola Balogun FHNR, CBD in his address said “It is with great pleasure and fulfilment of a long aspiration and desire that I present to you our Managers, the sector of the Movement which we considered germane in the operation of our Cooperatives and the engine that drives our vision and mission to fulfilment. There is a Yoruba adage that says ‘Baye ba n yi, e ma b’aiye yi, b’igba ba n yi, e ma ba ‘gba yi, eniyan ti ko ba gba yi, oluwa re a ba ‘gba lo” (That is, we should change with the time to remain relevant in life).

In the cause of our leadership roles in Cooperative, we have been opportuned to see how the operation of the Movement is changing from analog to digitalization in the advance countries of the world and even in our neighbourhood in Nigeria. It is therefore pertinent that we also join the trend hence our desire to digitalize our operations in Ogun State as part of our desire to:

(1). To improve the effectiveness and productivity of all aspect of our Cooperative activities.

(2). To make our Cooperative Movement activities and operations more transparent and accountable.

(3). To provide a real-time on-line system that allows for faster access and production of report as when due.

(4). To replace traditional bureaucratic processing with processing equipped with timely and up to date information for decision making which will help reduce redundancy and save cost.

(5). To create knowledge-based and simple moral accountable responsive and transparent operations.

To make all the above work, it is therefore imperative that the idea should first and foremost be presented to you, who will be at the helms of affairs in the operation of this desire. It will then be followed by involving the stakeholders in the implementation, after you have chosen those that would be adopted from the four presentation that will be delivered to you”.

Alhaji (Dr). A. Ola Balogun FHNR, CBD added that “the launching of whichever we adopted from all the presentations will only take place after you have attended proper training on the operations which will be the next stage after today’s presentation. So, I will like to charge everyone of you to pay full attention to the presentation and be prepared to change our acade system to the present day system”.

The OGSCOFED Limited President, Alhaji (Dr). A. Ola Balogun FHNR, CBD thereafter wished all participants happy, fruitful and assimilated presentation.

The Director of Cooperative Services in Ogun State, Mr. Samuel Mustapha in his address said “the roles of Cooperative Administrative Managers cannot be over-emphasized, it is also necessary to cooperate with the officer of the Director of Cooperative Services in Ogun State as a regulatory body”. He said “Managers must ensure that the comments of Zonal Officer in charge of your area from OGSCOFED Ltd/Director of Cooperative Services Office must be on your Annual Account and Audited/Inspected before presenting it to the Committee Members and the General Members”.

Mr. Mustapha then advised all Cooperative Administrative Managers to ensure that in all account preparation depreciation of asset should be considered and 5% of provision for Bad Debt reserve should also be provided.

Before he declared the retreat open, he used the medium to announce to all participants that the admission form for Ogun State Cooperative College, Ijeja, Abeokuta, Ogun State is now on and it will get to a stage that for any Administrative Manager to work in a Cooperative organization, he or she must attend a Cooperative College and he advised those who didn’t have Cooperative certificate to obtain there form soon. After this, he then declared the seminar open.

Related post: OGSCOFED plans to embark on digital accounting

L-R: Mr. Adesoji Adenowo, Mrs. C. F. Agunbiade (Member, Education & Seminar Committee), Evang. Philip Babatunde (Chairman, Education & Seminar Committee), Mr. Samuel O. Mustapha (Director of Cooperative Services in Ogun State), Alhaji (Dr). Abdulrazaaq Ola Balogun FHNR, CBD (President, OGSCOFED Limited), Mr. Akeem Ayodeji Ogunjimi (Deputy Director of Cooperative Services in Ogun State), Mrs. K. A. Adesina (Member, Education & Seminar Committee), Mr. M. T. Idowu (Vice President, OGSCOFED Limited), Mr. David I. Ayelabola (Ag. Executive Secretary, OGSCOFED Limited).

After the declaration of the seminar open, a group photograph was taken.

Thereafter, Mr. David. Ayelabola, the Acting Executive Secretary of OGSCOFED Limited then called upon all the lecturers to start their presentations:

The proceedings of the Retreat were:

Mr. Adesoji Adenowo

First Lecturer

Mr. Adesoji Adenowo & Co. for Cooperative Management Consultants in Association with Firstlincoin Technology:

From his presentation, he averred that the operation of the Cooperative would free from hand recording so that at the end of the day and because the recorded operation would be uploaded into the cloud for the cloud is just like central processing unit of a computer which would not show evidence of the transactions. Also, the operation would only be relevant to parastatals. However, the package or operation do not detailed the practical operation of Cooperative Societies either Salary Earners or Orthodox Societies.

After he finished his presentation, questions were asked by the participants and adequate answers were given accordingly.

Related post: OGSCOFED plans to embark on digital accounting

Second Lecturer

Mr. Ogundana Oseni, Nurudeen Adenekan and Damilare Bamigbola from Interakt company.

The application presented is for business transaction of buying and selling. He discussed mainly on Mobile Application. Having given the demonstration, it just detailed about loan taking, without mentioning Shares, Savings, Trial Balance, Cash Book and how it will operates or be annexed to other perquisite books, therefore the demonstration was not detailed enough.

Click below to download there PowerPoint Presentation

After their presentation, questions were asked by the participants and adequate answers were given.

Branch Manager, Cooperative Mortgage Bank, Mr. Akinsola Golden

A short address was said by the Branch Manager, Cooperative Mortgage Bank, Mr. Akinsola Golden shared more light about the Bank, their vision and mission and what they do at Cooperative Mortgage Bank.

Related post: OGSCOFED plans to embark on digital accounting

Third Lecturer:

Mr. Omotola Oyelude from PTAS Solutions International Limited

Mr. Omotola Oyelude from PTAS Solutions International Limited

He presented the discussion by demonstrating a software package and it effects on the operation of Cooperatives, he added that the package would solve any problem that may emanate in Cooperative. He concluded that the package need to be practicalized and demonstrated and for unity purpose, a template of how the software works would be made available, considering the book of accounts, such as: Cash book, Income Statement, General Ledger, Trial Balance etc.

He then divided the house into Five (5) Groups, asking each Group to specify a detail analysis of a cooperative Business operation on which the package would be built. This shows a commitment to produce a good package which other lecturers do not mention.

After his first session presentation, questions were asked by the participants and adequate answers were given.

Related post: OGSCOFED plans to embark on digital accounting

GROUP SESSIONS:

At this point, the lecturer, Mr. Oyelude gave the participants a work order and for each group to appoint a presenter among themselves and for them to present.

The following were points raised by the various Group in other to make the Software workable:

GROUP ONE:

  1. Data Collection
  2. Posting of Monthly Analyst Book (MAB) in case there is a large number. Digitalization can help us in this area.
  3. Extraction of final account also can be addressed with the Digitalization.

GROUP TWO:

  1. Evaluations of workers
  2. How to properly renumerated the staff.

GROUP THREE:

  1. Communication
  2. Payment clarification

GROUP FOUR:

  1. Large mass
  2. Communication effectiveness
  3. Account preparation – time, cost and energy shall be reduced

GROUP FIVE:

  1. Personal Ledger and Members Pass books issue
  2. Interest overcharging

After the presentations, Group Four was announced as the best presentations and a dummy cheque was presented to the Group Leader, Mrs. Balogun, likewise other groups also collected there dummy cheque for prize winning.

Mrs. Balogun receiving her Group dummy cheque

Related post: OGSCOFED plans to embark on digital accounting

Communique: The Communique Chairman, Mr. Olatunde Kayode from Federal Polytechnic (Ilaro) CICS Limited read the communique presentation where he said “having listened to all lecturers, the first lecturer and second lecturers does not meet the targeted retreat objectives.

Communique Chairman, Mr. Olatunde Kayode from Federal Polytechnic (Ilaro) CICS Limited

The third lecturer from PTAS Solutions international Limited is a bit better if he can bring the template for demonstration and solve the problems of accounting records for easy operations. Therefore,

  • The Communique Committee recommend that OGSCOFED should give PTAS accounting activities of Cooperative Society for demonstration and the workability of the package/software.
  • The package must also be acceptable by the Ministry of Community Development and Cooperatives Officials so that there would be no vacuum during auditing exercise.
  • Retreat of this nature needs to be well organized in terms of adequate communication and materials devices. Thank God the weather is favourable today else the cooling facilities could have been disastrous”.

He added that “this Retreat will enhance dissemination of information to members, through digitalization, therefore, it is commendable. Ogun State Cooperative Federation Limited (OGSCOFED) should assist Cooperative stakeholders (Leaders) to ensure the use of digitalization in disseminating information to members, while Managers should be ready to adopt and embrace this new trend/system of doing things and not stick to the old ways”.

Mr. Obaro from Industrial Workers Ota CMU Limited

Vote of thanks: The Vote of thanks was presented by Mr. Obaro from Industrial Workers Ota CMU Limited where he thanked the Ogun state Cooperative Federation Limited (OGSCOFED) and Education and Seminar committee for planning to embark on the Digitalization of Cooperative activities and he later called on the attention of the organizers that OGSCOMAS President should be well recognized and in the event like this, a short address should also be read by OGSCOMAS President. He then wished all participants a safe journey back to their various destinations.

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Gender equality in the co-operative movement

Maria Eugenia Pérez Zea reflects on this year’s International Women’s Day

Maria Eugenia Pérez Zea, chair of the Gender Equality Committee of the International Cooperative Alliance

On International Women’s Day we talk to Maria Eugenia Pérez Zea, chair of the International Cooperative Alliance’s Gender Equality Committee, to find out more about the committee’s work and the role of women within the global co-operative movement.

The theme for this year’s International Women’s Day is “Women in Leadership: Achieving an Equal Future in a Covid-19 World.” How do co-operatives enable women to access leadership positions?

Maria Eugenia Pérez Zea: It is necessary to remember that co-operatives were the first organisations to give women the opportunity to be investors, to make them part of the production process, of the surpluses or profits of the companies and of access to credit. From the beginning, co-operatives have provided women with a position that has allowed them to have the possibility of accessing economic resources, property and means of production, but we must recognise that only in the last 20 years women have occupied leadership or visibility positions in many of the co-operative organisations.

This has been the result of work and a process of empowerment, generated from within each organisation, a product of education, of the acquisition of political, economic, legal and family rights, which we women have obtained. It is the one that today allows women to have an influential position in co-operative leadership. In our case, we have had two women presiding over the International Cooperative Alliance, and we have significant representation in its board of directors, as well as in some regional boards. We hope to see in this century that much-desired parity in the management bodies of co-operatives.

How has Covid-19 impacted the work of the ICA Gender Equality Committee that you chair?

Maria Eugenia Pérez Zea: Covid-19 has impacted the work of the committee because it has changed the dynamics of interaction and relationship, but it has also given us the opportunity to make use of virtual tools and technologies that allow us to continue to carry out our work continuously, and in addition, it has allowed us to reinforce communication and teamwork within networks. Through virtual meetings, we have been able to define the committee’s work plan and actively participate in events around the world that promote the visibility of women in the co-operative sector.

Job Offer: Cooperative Auditor and Extension Officer

In addition to your role as chair of the ICA Gender Equality Committee, you were the president of Coomeva, the largest co-operative in Colombia. How is the gender dimension reflected in your co-operative’s strategy?

Maria Eugenia Pérez Zea: I served as president of the Coomeva board of directors from 2010 to 2017. Although I am not in charge today, I continue to hold a high-level leadership position within the co-operative. However, in my experience as president of the council, I had the opportunity to implement the gender equality policy, the creation of the gender equality committee and the definition of economic resources for the execution of important actions, which raised awareness about the role of the woman within the entity. As part of this all the actions of women who, in one way or another, participate or belong to the co-operative were highlighted, from collaborators and women in management positions, to associates and their families. This experience has served as an example for many organisations in Colombia and in Latin America.

What is your advice for co-operatives that are just starting to work on promoting gender equality?

Maria Eugenia Pérez Zea: My advice is that an analysis should be carried out within the organisation to evaluate the way in which the co-operative is formed. Subsequently, they should determine how the co-operative members (men and women) are being reached via services, since talking about gender equality means serving all people, but today we need to enhance the role of women in organisations, and offer services tailored to members. It is also important to have a vision of what co-operatives can offer to the women who belong to them. Then, they should create working committees, where, based on different disciplines and diversity, gender equality strategies can be developed. Finally, empower women and enable them to show leadership through their representation in management and advisory positions, achieving equal participation for men and women.

What challenges have you faced as a woman in the co-operative movement? How did you overcome them and how did other women and co-operative members support you?

Maria Eugenia Pérez Zea: In the co-operative movement I have had important challenges such as the lack of awareness of gender equality and its importance in organisations. Convincing my colleagues why it is important for women to participate, lead and represent in co-operative administrative and management roles was crucial to achieving empowerment in organisations.

I managed to overcome these difficulties through education on gender equality matters, and by empowering myself as a woman within the organisation, as well as establishing strategies that allowed me to participate in different scenarios, I gained the support of other women to whom I explained what to talk about. Gender equality does not mean starting a revolution against men, but rather rescuing spaces to which we have the right to access. This has generated a significant change in the co-operative sector and in the organisations in which I have participated, as well as in the Colombian Association of Cooperatives – Ascoop, a leading entity in Colombia with 60 years of existence, where today I am the executive director.

The Gender Equality Committee will meet in Seoul in the run-up to the World Cooperative Congress. What will be on the agenda for the meeting?

Maria Eugenia Pérez Zea: The Congress has the premise of the co-operative identity and the celebration of the 125 years of the International Cooperative Alliance. We need to remember the women who participated in the ICA’s great definitions and decisions; It will be an essential task that in Seoul we talk about the meaning of co-operative identity for women, why we are closely linked to the co-operative movement and we think that co-operatives gave us the opportunity to exercise business and economic rights and responsibilities; there we will ask ourselves how co-operatives have empowered women and generated leadership for us.

This has built an identity not only for women, but also for the co-operative movement, since women represent 50% of the membership in co-operatives and the number of women leaders within these organisations is increasing. We still have a long way to go, but in this space we must think about the strategies for this task.

The theme of the ICA Congress is “Deepening our co-operative identity.” How can the fight against gender inequalities help to advance this agenda?

Maria Eugenia Pérez Zea: The theme of the ICA Congress gives us all the motivation to promote the participation of women as a co-operative agenda worldwide. To deepen our co-operative identity is to deepen the efforts that women and men have made throughout the history of the International Cooperative Alliance and that of co-operatives.

It is necessary to discover what are the strategies and methods that we must implement so that women can be leaders and achieve parity in the co-operative sector that we are just beginning to see, since we could say that only in the last 20 years women have been visible in the global co-operative movement. There is a long way to go for women to be able to achieve parity, and achieving that parity implies that co-operatives and the ICA contribute to the fight against gender inequalities that occur in our organisations and in our countries. That is why it is essential to deepen our co-operative identity to achieve equality in the leadership and empowerment of women and men, in a fight for what gender equality means.

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Job Offer: Cooperative Auditor and Extension Officer

Ogun State Co-operative Federation Limited. (OGSCOFED) is looking for a Co-operative Auditor and Extension Officer.

LOCATION:

Abeokuta, Ogun State, Nigeria

JOB TITLE:

Cooperative Auditor and Extension Officer

JOB DESCRIPTION:

  1. To Audit Co-operative Societies in his/her area or Cooperative Societies allocated to him/her from time to time by the area Auditor.
  2. To Audit any Cooperative Union that may be allocated to him/her by the Senior Cooperative Auditor
  3. Attend to the problems in his/her Cooperative Societies/Unions that may be allocated to him/her by the Senior Cooperative Auditor
  4. To maintain an Audit Register for his/her area (if in charge of an area).
  5. To collect Audit and Supervision Fees (ASF) and OGSCOFED Annual fee data during the preparation of Annual Accounts.
  6. To carry out other duties as may be assigned to him/her from time to time by the Senior Staff of the Audit section.
  7. Prepare a Monthly Progress Returns, Monthly Analyst Form, Audited Trial Balance, Board Meeting Minutes and General Meeting minutes attended.

JOB QUALIFICATION

  1. BSC/HND/OND in Cooperative Economics and Business Management or Cooperative related course
  2. 2 – 3 years of working experience in a Cooperative organization
  3. Proficient with Microsoft Office and common office equipment Excellent organizational, time management and communication skills
  4. Attention to details

SUBMISSION DEADLINE                            

The submission deadline is on Wednesday, 31st March 2021. The candidate must commit to respect the aforementioned timeline. Shortlisted candidates will be invited for an interview.                  

METHOD OF APPLICATION

Please submit your CV in PDF format to info@ogscofed.coop

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OGSCOFED plans to embark on digital accounting

Change is the law of life and those who look to the past and present are certain to miss the future”. – John F. Kennedy. Good things take time.

On Tuesday, 9th of February, 2021 OGSCOFED Seminar Committee in charge of Cooperative Education Programme organized a meeting with some Software experts at H. O. Kudoro Board room, ‘Tayo Sobanjo Building, Cooperative House, Asero, Abeokuta, Ogun State.

The Chairman of the Committee, Evang. Philip Babatunde welcomed the President of OGSCOFED Limited, Alhaji (Dr). A. Ola Balogun who was invited as an adviser at the meeting and all other Committee members to the meeting and thereafter call on the Software experts one by one to present:

Mr. Adesoji Adenowo presented a Proposal for the Implementation of CoopSolve Accounting Software where he said “the idea that was kick-started and culminated in the production of a near total Accounting Application Software Solution for Co-operatives dates back over 30 years. Our group of forward looking, knowledge seeking young Cooperative and Information Technology Professionals took the decision to make Cooperative business a very serious issue”.

Related post: BOOK LAUNCH: My Memoir My Text

He also explained more on the objectives and benefits of the software, the Technical Qualities and Capabilities and some of the General Features as Modular system design, Parameter driven application design, User-friendly graphical user interface and so on.

He further introduced CoopSolve and said “CoopSolve is Cooperatives Accounting package developed in Nigeria to local specifications but comparable with other International enterprise solution software like Oracle Financial, Sage, Sun Accounting etc. The features of each modular application are very robust and they interface seamlessly with each other to provide users with the necessary access to required information and reports.

However, this software because of its localised hindsight of development can easily be customised to client’s specific requirements and adaptation. It is a windows based application software and so easy to use.” He further explained on the subject topic DEPLOYMENT/INSTALLATION, DEVELOPER’S SECURITY, CLIENT’S SECURITY and User’s security.

Mr. Ogundana Oseni, Nurudeen Adenekan and Damilare Bamigbola from Interakt Company started their presentations for Mobile App Development for Cooperative Society by explaining that “Mobile Apps provides a hassle free, user friendly affordable communication platform to develop healthy relations between housing society members and a smarter way of interconnectivity. It manages housing society through Interakt which assists the Society members to play their roles effectively”. He said further “that the Chairman or Secretary plays a role of administrator allowing registration of residents so that they can use these registration details to login and to access the services. This app use concepts is of data mining. Artificial Intelligence (AI) and economical management for future work”.

Mr. Omotola Oyelude from PTAS Solutions International Limited presented a Smartcoop software and said “at PTAS Solutions, we’ve built over four years of experience in the SaaS industry – experience that helps us find innovative solutions to our clients’ needs. In this age of technology, we give you more than just the best solutions. We give you the most dependable solutions. We create solutions for schools, hospitals, financial institution, agriculture and creative sector because we believe the more you need technology to furl your business, the more you need experts who can capture and innovate your thoughts with your success in mind! Big or small we have got the solutions to aid your growth and success. Our flagship product SmartCoop, an ERP for the complete management of Cooperative Societies. With Smartcoop, you have all the tools necessary for running a modern financial institution into one platform that is simple, flexible, and reliable. All the requisite modules for the day to day administration of your institution are incorporated in Smartcoop”. He further explained on the challenge, the solutions and other offers and end his presentation with a quote “if we don’t change, we don’t grow. If we don’t grow, we are not really living” – Gail Sheehy”

Mr. Babatunde Oridola, Chief Responsibility Officer J&B Concept and Associate partner Mr. Akeem Alade introduced a Tally ERP 9 Accounting Software. He said “J & B Concept, Ota Ogun State, began operations in the year 2013. The branch office of the company is located at KM1, Agobaba road, Owode Yewa South, Ogun State. We are team of Professionals committed to driving the economy of Nigeria by assisting Cooperative Societies and small business organization to keep standard accounting records.” He then presented an accounting software that he has already made for an organization and display how it works.

Related post: BOOK LAUNCH: My Memoir My Text

The Chairman of the Committee in charge of Co-operative Education Programme, Evang. Philip Babatunde and President OGSCOFED Limited, Alhaji A. Ola Balogun thanked all the presenters and said they will be contacted soon.

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World Cooperative Monitor looks at top 300 co-ops and their contribution to SDG8

The Monitor collected data for 4,575 co-operatives and mutuals

The latest edition of the World Cooperative Monitor shows that the world’s 300 largest co-operatives had a combined turnover of US$2.03tn in 2017, an increase from the $2.01tn reported for 2016.

In its eighth year, the Monitor is produced by the International Co-operative Alliance with the scientific and technical support of the European Research Institute on Cooperative and Social Enterprises (Euricse).

The Monitor collected data for 4,575 co-operatives and mutuals (1,152 from Europe, 3,218 from the Americas, 197 from Asia-Pacific, and eight from Africa) operating in 10 sectors of activity. The data collected for the 2019 edition is from the year 2017 with sources including existing databases of economic data, data collected by national associations, research institutes, and other organisations, and the use of a questionnaire to collect data directly from enterprises.

Co-ops featured in the Top 300 come from various sectors with 39% active in insurance, 31.7% in agriculture, 17.7% in wholesale and retail trade 17.7%, 7% in banking and financial services, 1% in industry and utilities 1%, and 1% in health, education and social care.

The largest co-operatives in the world based on turnover are co-operative banks Groupe Crédit Agricole (US$96.25bn) and Groupe BPCE (US$59.03bn), both from France. They are followed by retailer REWE Group (US$55.85bn) and co-operative banking apex BVR (US$55.29bn) from Germany.

This year’s report includes an analysis of how the Top 300 are contributing to the eighth Sustainable Development Goal (Inclusive and sustainable economic growth, full and productive employment and decent work for all).Advertisement

This includes a look at how co-ops ensure full, productive employment and decent work. For 12 of the 22 co-operatives which included the data in their annual or sustainability report, the percentage of employees in 2017 hired on a permanent basis was over 90%. For eight, this percentage was between 80% and 90%, and in just two cases, this percentage was less than 80% but still above 50%.

The report includes case studies of Up Groupe from France, KRIBHCO from India, and SOK from Finland, and their actions on SDG8, and an interview with the secretary general of Cicopa, Diana Dovgan, who explores the contribution of industrial and service co-operatives to the world of work.

Bruno Roelants, director general of the ICA, said: “This new edition of the World Cooperative Monitor goes beyond the Top 300 ranking based on turnover to further explore the dynamics of the co-operative movement. As highlighted by the United Nations, co-operatives make a substantial contribution to achieving the 2030 UN Agenda on Sustainable Development. In this year’s report, we see concrete examples of specific action undertaken by some of the largest from around the world.”

Gianluca Salvatori, Euricse secretary general, said: “Co-operatives must take on (and communicate) a strategy for sustainable development able to represent an effective alternative to the mainstream shareholder model, able to comprehensively respond to present challenges. In fact, the more organisations participate in reporting initiatives that enable the collection of reliable and internationally comparable data, the more research and analysis can be done to demonstrate the social and economic impact of co-operatives.”

Agriculture:

  • Top 10 by turnover came from seven countries: Japan, Republic of Korea, USA, Germany, Netherlands, New Zealand and Denmark.
  • The largest is Zen-noh in Japan (turnover US$41.37bn), followed by Nonghyup in the Republic of Korea (US$38.82bn) and CHS Inc. in the USA (US$31.94bn).
  • From this sector, there are 97in the Top 300 based on turnover and 87 in the Top 300 turnover over GDP per capita.

Industry and Utilities

  • Top 10 came from three countries: US, Italy and Spain.
  • The largest is Corporación Mondragón from Spain (US$13.49bn), with Basin Electric Power Cooperative from the USA on the second place (US$2.27bn) and SACMI. from Italy as third (US$1.61bn).
  • From this sector, there are eight in the Top 300 based on turnover and 6 in the Top 300 turnover over GDP per capita.

Wholesale and Retail Trade

  • The top 10 came from six countries: Germany, France, Switzerland, Italy, UK and the USA.
  • On the top position is German retailer REWE Group with a turnover of US$55.85bn, followed by ACDLEC- E. Leclerc from France with US$42.01bn and Edeka Zentrale from Germany with US$37.22bn.
  • From this sector, there are 53 in the Top 300 based on turnover and 52 in the Top 300 turnover over GDP per capita.

Insurance

  • The top 10 came from five countries: Japan, USA, Germany, Netherlands and France.
  • The largest were Zenkyoren from Japan with a turnover of US$51.69bn, with Nippon Life from Japan coming second (US$48.36bn), and State Farm from the USA as third (US$42.42bn).
  • From this sector, there are 117 in the Top 300 based on turnover and 116 in the Top 300 turnover over GDP per capita.

Financial Service

  • The top 10 came from eight countries: France, Germany, Netherlands, Canada, Austria, USA, Japan and Switzerland.
  • The three largest co-ops by GDP are: Groupe Crédit Agricole from France (US$51.38bn), BVR from Germany (US$29.05bn) and Groupe BPCE from France (US$25.55bn).
  • From this sector, there are 21in the Top 300 based on turnover and 33 in the Top 300 turnover over GDP per capita.

Education, health and social work

  • The report includes the ranking of the top five largest co-operatives, which come from four countries: USA, Spain, Brazil and Colombia.
  • The top three are Health Partners Inc. from USA (US$6.65bn), Fundación Espriu from Spain (US$2.02bn) and Unimed from Brazil (US$1.55bn).
  • From this sector, there are 3 co-ops in the Top 300 based on turnover and 6 in the Top 300 turnover over GDP per capita.

Other services

  • The top five come from three countries: Norway, Sweden and Italy.
  • The largest co-op is OBOS BBL from Norway (US$1.40bn), followed by HSB from Sweden (US$1.04bn) and Coopservice from Italy (US$1.01bn).
  • From this sector, there is one co-op in the Top 300 based on turnover and 2 in the Top 300 turnover over GDP per capita.

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World’s top 300 co-operatives had a turnover of $2.14tn in 2018

The largest co-operative in the world based on turnover is Groupe Crédit Agricole from France

The International Co-operative Alliance (ICA) has released the 2020 edition of the World Co-operative Monitor, which shows that the world’s 300 largest co-operatives had a combined turnover of US$2.14tn in 2018, an increase from the $2.03tn reported for 2017.

The monitor explores the economic and social impact of the largest co-operatives and mutuals worldwide, providing a ranking of the Top 300, sector rankings, and an analysis of responses to two global challenges: Covid-19 and climate change.

In its ninth edition, the annual report is produced by the ICA with the scientific and technical support of the European Research Institute on Cooperative and Social Enterprises (Euricse).

The data collected for the 2020 edition is from 2018, with primary sources including annual and sustainability reports, economic databases, data collected by national associations, research institutes, and other organisations, and responses to a questionnaire sent directly to enterprises.

This report presents rankings based on turnover as well as the ratio of turnover over gross domestic product (GDP) per capita. The sectors with the most organisations present in the Top 300 are agriculture and food (104 enterprises) and insurance (101 enterprises) followed by wholesale and retail trade (57 organisations).

However, considering the weight of the enterprises by sector based on turnover, the insurance sector covers 34.5% of the total turnover ($758.54bn), followed by agriculture ($532.11bn, equal to 24.2% of the total turnover of the top 300) and wholesale and retail trade ($459.36bn, equal to 20.9% of the total top 300).

Related: Who counts the co-ops? The importance of data

The largest co-operatives in the world based on turnover are co-operative bank Groupe Crédit Agricole from France ($89.10bn), retailer REWE Group from Germany ($63.07bn) and co-operative banking group Groupe BPCE from France ($63.01bn). There are followed by insurer Zenkyoren ($58.14bn) and agricultural co-op Zen-Noh ($56.15bn), both from Japan.

The ranking based on the ratio of turnover over gross domestic product (GDP) per capita ranking is topped by two Indian producer co-operatives: IFFCO and Gujarat Cooperative Milk Marketing Federation Limited.

Special focus on Covid-19 on SDG13

The report includes a case study of platform co-operative SMART and its actions towards helping its members, primarily from the culture and creative arts sector. It also features a special analysis of the top 300 and the thirteenth UN Sustainable Development Goal 13 (Climate Action – SDG 13). This includes a focus on Rabobank’s (Netherlands climate consciousness approach to banking and an interview with the chief values officer of the Midcounties Co-operative (UK), Peter Westall.

ICA director general Bruno Roelants said: “The global pandemic has put a strain on many businesses, but as you’ll read in this report, many large co-operatives have stepped in to help employees, members, and communities to face the health and economic repercussions of COVID-19.

“We wanted to thank the newly formed ICA International Cooperative Entrepreneurship Think Tank (ICETT), a group of large co-operatives engaged in strategic thinking around co-operative entrepreneurship, for its contribution to this year’s World Cooperative Monitor, as well as the organisations that provided their data, and the supporters of this year’s edition for making it possible”.

Gianluca Salvatori, Euricse secretary general, said: “2020 faced us with the need to address a social emergency without depressing our economies. This has always been the case for co-operatives. So their model is more topical than ever. And the objective of the Monitor is to show how the co-operative model is capable of facing major challenges, activating important resources through large organisations, without any inferiority complexes.”

Agriculture and food industries

The largest co-operatives by GDP were Zen-Noh from Japan ($56.15bn), Nonghyup ($41.41bn) from the Republic of Korea and CHS Inc. ($32.68bn) from the USA.

From this sector, there are 106 in the top 300 based on turnover and 98 in the top 300 based on turnover over GDP per capita.

Industry and utilities:

The top three co-operatives by GDP were Corporación Mondragón from Spain ($14.43bn), Basin Electric Power Cooperative from the USA ($2.44bn) and SACMI from Italy ($1.70bn).

From this sector, there are 10 in the top 300 based on turnover and 5 in the top 300 based on turnover over GDP per capita.

Wholesale and retail trade:

The top three by turnover were: REWE Group from Germany ($63.07bn), ACDLEC – E. Leclerc from France ($55.08bn) and Edeka Zentrale also from Germany ($40.50bn).

From this sector, there are 57 in the top 300 based on turnover and 64 in the top 300 based on turnover over GDP per capita.

Insurance:

The three largest co-operatives by turnover were Zenkyoren ($58.14bn) and Nippon Life ($54.98bn) from Japan and State Farm ($43.43bn) from the USA.

From this sector, there are 101 in the top 300 based on turnover and 96 in the top 300 based on turnover over GDP per capita.

Financial services:

The sector’s largest co-ops by GDP were Groupe Crédit Agricole from France with a turnover of $40.62bn, BVR from Germany with $32.41bn and Groupe BPCE from France with $28.36bn.

From this sector, there are 21 in the top 300 based on turnover and 24 in the top 300 based on turnover over GDP per capita.

Education, health and social work:

The largest co-ops by GDP in this sector were HealthPartners Inc from the USA with a turnover of $7.06bn, Fundación Espriu from Spain with $1.92bn, and Naganoken Kosei Nogyo KR from Japan with $900m.

From this sector, there are two in the top 300 based on turnover and seven in the top 300 based on turnover over GDP per capita.

Other services:

The largest co-op by GDP was Nihon Delica Foods Association ($4.6bn) from Japan, followed by Selectour ($3.25bn) from France and OBOS BBL ($1.62bn) from Norway.

From this sector, there are three in the top 300 based on turnover and 6 in the top 300 based on turnover over GDP per capita.

Source: Coop. News

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