Gov Sanwo-Olu promises to strengthen productivity of cooperative societies

The Governor of Lagos State, Mr. Babajide Olusola Sanwo-Olu, has assured Cooperatives Societies that his administration remains committed to enhancing their productivity for increased contribution to the State’s goal of making Lagos a 21st Century Economy.


The Governor spoke at the Luncheon/Merit Award held in commemoration of the centenary celebration of the International Day of Cooperatives in Ogba saying, “As a result of consistent commitment to its fundamental philosophy, cooperative movements have become a veritable tool in the fight against poverty and unemployment while also encouraging social integration”.


Represented by the Secretary to the State Government, Mrs. Folashade Raji, Sanwo-Olu noted that cooperative movements globally promote the spirit of self-reliance and encourage citizens to take responsibility for their economic, social and environmental prosperity.


Speaking on the theme of the event: “Cooperatives Build a Better World”, the Governor observed that it focuses on charting the course for an innovative and sustainable business ecosystem which provides the tools and inputs to the private sector, public authority and consumers developing new businesses.


In her contribution, the Honourable Commissioner for Commerce, Industry and Cooperatives, Dr. (Mrs.) Lola Akande said the International Day of Cooperatives (IDC) is an occasion to educate the public on issues of concern, mobilise political will and resources to address global problems, and celebrate the achievements of humanity.


Pointing out that the annual celebration strengthens and extends partnerships between the International Cooperative Movement and other outfits of social development, Mrs. Akande explained that the Luncheon/Merit Award was convened to recognise cooperators and cooperatives who have served their respective societies and communities diligently and conscientiously.


She noted that this year’s theme aligned with the fourth pillar of the T.H.E.M.E.S Development Agenda, “Making Lagos State A 21st Century Economy”, to encourage local entrepreneurship and boost locally-made goods.


The Commissioner asserted that Governor Babajide Sanwo-Olu’s administration has continued to create enabling environments through financial reforms, affordable housing, food security, empowerment and social-economic interventions to promote prosperity in the State.


“The celebration is a testimony to the determination of Governor Sanwo-Olu’s administration to support every genuine effort and move that could promote the capability of our people in achieving economic and financial prosperity for all and sundry”, Dr. Akande stated.


The Commissioner also commended the Lagos State Cooperative Federation (LASCOFED) for its progressive partnership with the State government over the years.


In his goodwill address, the President, Lagos State Cooperative Federation (LASCOFED), Barrister Oladipo Shobule, said Cooperative Societies have dived into various Micro, Medium and Small businesses to provide employment and means of livelihood to Lagosians, stressing that they have also provided access to affordable financing for members.


According to him, the services provided by the Federation have made life more comfortable for the people as well as increased its contribution to the Gross Domestic Product (GDP) of Lagos State.


The highlights of the event included the presentation of awards to representatives of outstanding Cooperatives Societies and Union.

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