COFAS President Unveils Strategy to Revive Cooperative Societies in Anambra ‎

 


Onyekwuluje Kenechukwu 


Awka.


 

‎The President of the Cooperative Federation of Anambra State (COFAS) has unveiled a detailed action plan aimed at revitalising cooperative societies across the state, emphasising the need for renewed awareness, proper education and disciplined financial culture among members.

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‎Speaking after a cooperative workshop held in Awka, the COFAS President, Professor Soludo, said the first and most urgent step toward rebuilding the sector is massive sensitisation.

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‎“First of all, we must create awareness like we are doing now,” he stated. “Then we must pursue cooperative education, helping people understand the nitty-gritty of cooperative enterprise. Nobody can perform what he does not know.”

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‎Also addressing participants, Dr. Nma Okechukwu highlighted the timeless value of cooperation in human progress. She stressed that cooperation remains the backbone of thriving enterprises, warning that businesses suffer where unity is lacking. She urged participants to work together to achieve greater collective goals, noting that the principle of cooperation “has existed as early as man.”

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‎The COFAS President lamented that the cooperative system in Anambra had suffered years of abuse, with dubious and fictitious schemes taking advantage of people’s desire for “free money.” He said the federation is now committed to restoring credibility and discipline within the sector.

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‎In his remarks, the President of Susumi, Mr. Sam Eze, affirmed that the Susumi platform would support cooperative societies by offering financial opportunities beneficial to their members. He explained that as members contribute, they stand to benefit from the platform’s structure, helping expand cooperatives and giving them access to a broader pool of funding.

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‎Professor Soludo called on the government to show greater support for credible and well-managed cooperatives.

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‎“When government sees cooperatives doing well, they should encourage them,” he said. “But government must also be sure that the leadership is trustworthy—and we are working hard to ensure that.”

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