CFN President Calls For Cooperative Law Review

   Chief Tajudeen Oriyemi Ayeola

The President of Cooperative Federation of Nigeria (CFN), Chief Tajudeen Oriyemi Ayeola made the call during interview session, at the Fourth National Cooperative Summit held in Abuja, yesterday, that the present Nigeria Cooperative law is over due for review, to reflect reality presently, on ground.

He says, ” Some of the laws date back to independent days. We are talking here about 1973 laws, it was made to maintain what was on ground then, but if you look at the majority of these laws, it does not address the reality of today’s.

You know one of thecchallenges confronting Cooperative operation today is on issue of regulation. We are being regulated by the government, the instruments of regulation has to do with Cooperative law, and some of these laws are already outdated. They don’t take care of reality on ground.

We have been to National Assembly, looking for a way to see it reviewed and we have been making lots of consultation to let the government be aware of this.

He went further to state, Cooperative society in Nigeria, differs from other NGOs, that apart from having over 15millon members in the movement, has core objective which ia taking care of welfare of people who are citizens of this nation and in a way assisting the government and for that the government should not depart from their own core responsibility creating and providing enabling environment for them to operate to their maximum level and yields maximum benefits.

“Government executive not providing enabling environment for us to run is among the challenges we facing.

What is the core objective of Cooperative? Our core responsibility is taking care of the welfare of our members and making life more easier, not only for members but people living around us. Look at what government stands, apart from providing security, is about welfare of citizens.
Therefore, we think that is necessary that the government provides that environment conducive for us to be able to carried out our responsibilities on a maximum level, to be able to maximum the benefits we are offering”, CFN President said.

Speaking also to the former President of CFN, Engr. Jibrin Bala Abuja, he disclosed that if Nigeria is has been able to utilize the economic potential in Cooperative movement, it could have improved Nigeria overall GDP like in Kenya.

” The issue we are having in this country is high piority given to Oil revenue generation. We have been spoiled with oil monies. We don’t consider any other priorities. If people were able to think that if I work harder and earn money then I will save to contribute for national development, things will be working better.

Cooperative is all about working hard and earn money, not just sitting down and earn money. In Kenya, Cooperative is contributing 40% of the GDP. I see no reason why Nigeria will not do more”, he stated.

However, the theme of
this year summit titled, ” Cooperative: Catalyst to National Economic Development and Sustainability” and the paper presented by Chief Oriyomi
“Rebranding Cooperative for Efficiency and National Economic Development’’.

Pamela Ogwata Reporting.

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