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Empowerment: Cooperative Society Earmarks N2m To Assist Members

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Leadership Nigeria News Today

One of the registered cooperative societies, Great Dynamic Cooperative
Society, said it has earmarked over N20 million as empowerment scheme,
to assist members in commercial farming, trade and commerce.

Speaking to newsmen, as parts of the activities to mark one year
anniversary of the society, the general manager of the cooperative,
Mr. Taiwo Owolanu, explained that the empowerment scheme is in line
with the present administration’s policy on diversification of the
economy.

Owolanu stressed the need for financial institutions in the country
to assist government achieve its diversification policy by investing
in Small and Medium Scale Enterprises (SMEs), just as he identified
the micro enterprise as the economic base of any developing society.

According to him, “We in Great Dynamic Cooperative Society have come
to realize that the micro enterprise is the bedrock of any developing
economy. Within one year of operation, our cooperative has assisted
our members through various loan schemes to build their own
businesses.

“We have equally come to the realization that financial institutions
can help government to achieve its diversification policy by granting
loans to small scale businesses. It is our hope and belief that if
financial institutions can assist genuine members to grow their
businesses, it will have a rippling effect on the economy.”

He therefore, called on Nigerians to embrace genuine and registered
cooperative societies aimed at growing private businesses, noting that
government “white collar” job is no longer in vogue.

Our correspondent gathered that Great Dynamic Cooperative Society was
registered in February 2017, and has empowered its members in various
businesses.



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