Osun State's cooperative movement is experiencing an unprecedented transformation, with key stakeholders hailing the recent developments as a turning point for the sector.
The Executive Secretary of the Federation of Osun State Cooperative Societies (FOSCOOP), Alhaji Tiamiyu, described the changes as historic, noting that the cooperative sector, which once struggled with financial challenges, is now thriving under the present administration.
A significant achievement is the clearance of unremitted deductions from government cooperative societies, particularly those affecting civil servants.
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These outstanding debts had accumulated under previous administrations, causing financial setbacks for cooperative members. The government's intervention has now restored confidence in the sector, ensuring that cooperative societies can function effectively.
The establishment of a dedicated ministry for cooperative development has been widely praised, with stakeholders calling it the "mother of all giant strides."
Many believe this initiative will strengthen cooperative societies, improve financial inclusion, and position Osun State as a benchmark for cooperative growth in Nigeria.
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