Osun Commissioner, Ogungbangbe, to Revamp Cooperative Sector for Grassroots Devt

Yinka Kolawole in Osogbo

The newly appointed Osun State Commissioner for Cooperatives and Empowerment, Bayo Ogungbangbe, has assured residents of the state of his preparedness to instigate accelerated development in the ministry with a view to reinventing the age-long vision of the cooperative sector as a tool to stimulate grassroots joint effort financial engineering.

Ogungbangbe made the pledge in a statement issued yesterday to express gratitude to the state Governor, Senator Ademola Adeleke, over his appointment, describing the role assigned to him as a pleasant challenge to improve the micro-financial index of the state. Cooperative, according to the commissioner, was invented to invigorate micro-enterprises with people of identical business set skills, forming partnerships under government approval and support to achieve their target economic goals.

He said:  “This, the Ministry of Cooperative and Empowerment will beam a lot of focus to stimulate grassroots purchasing power and for which the state economy base will be further strengthened in line
with the lofty plans of the state governor.

“To achieve the set goals, we will work with essential organisations like cooperative unions, the FOSCOOP, affiliate training institutions, relevant international agencies as well as the ministry’s trained officials with a view to reawakening the fading glory of the cooperative sector.”