Connect with us

ECONOMY

Cooperative societies as springboard for building entrepreneurs

Published

on

FEDERAL Cooperative College, Oji River, Enugu State was the venue of a three-day capacity building workshop for members of farmers’ cooperatives in Anambra state. The three-day brainstorming cum technical sessions was designed to seek improved means of enhancing farmers’, cooperatives in terms of finance, administration, membership, business and a host of others.

Emphasis was on the need for multi-purpose cooperatives rather than single-purpose, which is old-fashioned. Papers presented revolved around discovering new Hi-Tech methods of sustainable multi-purpose cooperatives for farmers especially those in Anambra state.

Provost of the institution Dr.O.T Owan, in his address to the participants said that the college makes provisions for such capacity building programmes on a yearly basis as part of its social responsibility scheme to rural communities in bringing farmers , people in thrift and credit societies , consumer, societies to mention a few for training sessions in the college .

He further stated that the institution offers courses in Cooperative Economics and Management , Banking and Finance , Business Administration , Computer Science and a host of others stressing that the college was gradually transiting from a monotechnic to a polytechnic judging from the state of the college as a degree awarding institution .

Chief lecturer Federal Cooperative College Oji River, EkabuaIssacEttah whose lecture hinged on the ‘Formation and Registrations of Farmers Multi-purpose Cooperative Society ‘, explained that multi-purpose cooperatives  are formed for many purposes and they perform several functions .

Participants were also treated to a lecture on ‘ Functions and Responsibilities of Farmers Multi-purpose Cooperative Society ‘ delivered by Okoro Stanley, which exposed them to the numerous obligations of members of cooperative society. Some of these functions include encouraging improved method of agriculture , marketing and business , setting up of subsidiary cottage and small scale industries , encouraging members for savings , making arrangements for credit and loan facilities to mention a few . These functions he said would foster synergy and bonding, necessary to meet the goals and objectives of the society.

Participants at the sensitisationprogramme were drawn from Nnewi-North, Nnewi-South and Ekwusigo federal constituency and the training was sponsored by Chris EmekaAzubogu incumbent representative of the constituency at the national assembly.

Continue Reading
Advertisement
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Trending