Thursday, May 23, 2024

Ailing cooperative sector needs to be revamped

The ailing cooperatives sector needs a fresh lease of life as well-managed cooperatives can be the best way for both rural and urban people to improve their livings standard with wider and organised access to technology, finance and public property, economists and rights activists believe. They stress the need for adequate support and strong monitoring ... Read more

Some cooperatives flourish despite neglect

Groups of people have made notable success by improving their living standards with their collective efforts overcoming negligence to and lack of policy supports for the cooperative sector. Some cooperative societies, formed in the capital with small subscriptions of members, are now viably running small and big businesses ranging from tailoring and grocery shops and ... Read more

Cooperatives, a moribund movement

For decades, cooperative movement in the country remained stymied, making insignificant contribution to the economy due mainly to lack of policy support and lukewarm leadership devoid of the passion and energy to use it as a tool for achieving collective economic well-being. The moribund movement no more entices people while hundreds of existing cooperative