Ekiti State Government would soon commence the process of reviewing the State Cooperative Law guiding operations of cooperative societies in the State.

The State Commissioner for Trade, Industries, Investment and Cooperatives, Mrs.Omotayo Adeola who made this known in Ado-Ekiti during a meeting with representatives of Cooperative Societies in the state stressed that government would continue to come up with policies and programme that would promote the financial standing of Cooperative Societies in the State by ensuring that they are properly
run and are always on sound financial footing.

While noting the roles of cooperative societies in the economic development of any society , she disclosed that the the Ekiti State government would soon fulfill its pledge of injecting one billion naira into the cooperative sector, calling on the cooperators to repay their outstanding loans within the stipulated time to enable more members of the various cooperative societies benefit.

She stressed the present administration’s resolve to assist cooperative societies to function optimally
assuring that her Ministry would train cooperators who are engaged in business enterprises to enable them utilize the loans obtained for profitable ventures.

Adeola who advised the leadership of the cooperative societies to join hands with staff of her Ministry supervising their societies , said that Government was putting in concerted efforts at promoting infrastructure development to attract investors that would drive the Small and Medium Enterprises in the State.

Speaking on behalf of representatives of the invited Cooperative Societies , the President of the Mother Union of Cooperative Societies in the State Public Service , Mr Clement Adewumi appreciated, Governor Oyebanji, for his efforts at repositioning the Trade, Industries and Cooperative sectors in the State for better service delivery and for his efforts to improve the lots of cooperators in the state.
He pledged the support of members of his union to the Ekiti State Government.