NAN-H-78
Cooperative
By Olasunkanmi Onifade
Abuja, Sept. 23, 2016 (NAN) The FCT Chief Registrar of Cooperative, Mr Gimba Magaji, on Friday advised civil servants to cultivate the habit of savings for the future in spite of poor remuneration.
Magaji gave the advice at the News Agency of Nigeria (NAN) Staff Multipurpose Cooperative Society’s Annual General Meeting in Abuja .
He said savings was beneficial as it would help In future, saying civil servants should not wait until they are paid large sums of money before they save.
“in spite of the poor remuneration for civil servants, they should set aside some amount for savings. .
“Some of you don’t know the importance of cooperative society until when you are retired, ” he said.
Speaking on the election of new executive members, Magaji advised staff to elect officials that are credible and committed to moving the cooperative forward.
According to him, the greatest mistake any cooperative society can make is to elect incompetent executives.
“if you want your friends, relations or colleagues as executive members ensure that you know them very well,” he said.
Earlier, the acting President of NAN staff multipurpose cooperative society, Mr Ugochukwu Livinus said the main purpose of the meeting was to review the operation of the society in the past two years and elect new executive members.
He informed members on the plans to diversify the society’s resources in order to make more money for members.
Livinus, also the vice president, however, said more investment opportunities would be created, saying that the executive members would take the bull by the horns to make more money for members.
NAN reports that the acting President was confirmed as president, while Rev. Felix Ajide was elected as the new Vice President; other executive members retained their positions.
Also, a committee was set up to look into the land acquired few years ago as members, who had paid for the land, were yet to be given their plots of land. (NAN)
OEO/AFA
Edited by Felix Ajide
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