The Lagos State government is not reneging on its determination to having viable and formidable Cooperative Societies that will develop the informal sector for sustainable socio-economic growth.
Speaking at the commencement of a recent training programme organised by the Lagos State Cooperative College, Agege, the Provost of the College, Mr. Akorede Ojomu, said that the purpose of the workshop was to prepare the newly inducted Cooperatives Societies for the challenges of running a Cooperative business successfully and widening knowledge on Cooperative activities for the old and new societies.
Ojomu stated that the training was designed to prepare participants for the task of running a successful cooperative society, saying “It is assumed that you don’t have a cooperative management idea before now and that is why before you are even given a certificate, it is compulsory you pass through this training”.
“When it comes to managing Cooperatives Societies, there are some things that are unique to cooperatives management that are not found in the running of other businesses. It is those differences that warranted this training. For instance, the Cooperative is democratic in all ramifications, which may not be so in other business climes. Moreso, profit maximisation is not the sole aim of cooperators because the owners are also the customers. So you don’t make a profit from yourself rather what you make in cooperative is called surplus”, he added.
The Provost reiterated that the College will continue to organise various human capacity building training programmes in the areas of Essential Skills in Cooperative Management, Basic Cooperative Management Tools, Corporate Governance in Cooperatives and Induction Course, for both newly inducted Cooperative Societies and the existing ones in order to improve the running of their societies efficiently for the benefit of members.
The Lagos State Cooperative College is the tertiary institution arm of the Lagos State Government with the mandate of providing sound Cooperative Education, high-skill manpower for Cooperative Movement, Economic Empowerment and the acquisition of appropriate entrepreneurial skills.