The Ogun State Governor, Prince Dapo Abiodun, has reiterated his administration’s commitment to prompt payment of workers’ salaries, assuring that cooperative deductions and pension contributions would be remitted as at when due to the appropriate quarters.
The Governor who gave the assurance at the 2019 “International Day Of Cooperative Celebration”, also pledged that his administration would collaborate with relevant financial institutions in the country that are capable of providing credit support to cooperative societies and other micro small and medium scale enterprises in the State.
The theme of this year’s celebration, held on Saturday at the M.K.O Abiola International Stadium, Kuto, Abeokuta, the State capital, is “Coops For Decent Work.”
Abiodun added that his administration would also provide an atmosphere that provides adequate motivation for cooperative societies to excel.
He said, “Let me reiterate our irrevocable commitment to workers, that regular payments of salaries, remittance of pension to Pension Fund Administration (PFA), and other entitlement will occupy our burner of this administration, never again will you experience non-remittance of deductions,” Abiodun said.
“Regular payment of salaries, remittance of deduction to pension fund administration and other entitlements will occupy the front burner for us, never again will you experience delay or non remittance of deductions of your checks,” he added.
“Our administration will collaborate and partner with relevant stakeholders and financial institutions like the Bank of Industry (BoI) who are capable of providing credit support to cooperative societies and other micro small and medium enterprises in the State,” the Governor said.
Abiodun who urged cooperative societies to think and act with government, said that his administration would support the cooperative societies in the State to become successful business enterprises which would be protected by enacted laws.
“Let me assure you that our administration will continue to support the cooperative societies in Ogun State to become successful business enterprises which will be protected by enacted laws and in tandem with best global practices,” he said.
Abiodun said cooperative societies have continued to be a valuable driven socio-ecomonic growth of any society, saying the choice of the theme for this year celebration have much impact to play in human life, as it was about people more centred in enterprises that characterised by human development and workplace.
He emphasised that cooperative enterprise was a unique body member serving entity, which empower people to collectively realise economic aspirations through self-help and empowerment.
According to him, statistics have shown and attested to it that 12 percent of humanity were part of the 3 million Cooperatives in the world and the top 300 Cooperatives garner a turnover 2.1 trillions U.S dollars, according to world cooperative monitor in 2017.
He added that cooperative societies employ 380 million people across the globe, representing 10 percent of the world employ population, noting that over 12 thousands registered cooperative societies were operating the state.
In the same vein, the President, Ogun State Cooperative Federation Limited (OGSCFED), Alhaji (Dr.), AbdulRasaaq Ola Balogun said this year’s edition marked the 25th United Nations International Day Of Cooperative, thereby showcasing the activities of the movement as an organisation that moves and sustains the social, economic and cultural development of the world.
He said the theme for this year celebration encapsulated the immeasurable contributions of the Cooperative movement to preservation of employment and promotion of decent work in world economy, cooperative are people-oriented enterprise.
While pledging unalloyed and unflinching support to the present administration, Ola Balogun implored the governor of brighter and rewarding future through prompt and regular remittance of deductions of workers’ salaries based cooperative affiliates to enable them perform expected responsibilities and obligations for members comfort and benefit of the government.
In her welcome address, the Permanent Secretary, Ministry of Community Development and Cooperatives, Mrs. Melutia Olufunke Ogunremi said the cooperative society was a business enterprise established on self-help basis, thus making the organisation to be member owned, member managed and member patronised.
She said that about 12, 200 registered societies were in the State with the estimation of 7000 still functioning among them, noting that pooled financial resources was about three trillion naira, while the loan portfolio was well over 3.5 Trillion naira.
Ogunremi noted that the ministry would soon embark on a raid of unregistered cooperative societies operating in the State, adding that the task force would clamp down on all illegal cooperatives societies defrauding the people of the State.