Business

2024 International Cooperative Day: How MedLab Practitioners Multipurpose Cooperative Society Is Set to Transform Nigeria’s Socio-Economic Landscape

Published

6 months ago

July 5, 2024

Sahara Weekly

2024 International Cooperative Day: How MedLab Practitioners Multipurpose Cooperative Society Is Set to Transform Nigeria’s Socio-Economic Landscape

By Abdulrahman Aliagan

In the bustling heart of Africa, Nigeria, the Africa’s commercial hub, a group of Medical Laboratory Practitioners came together to form what is today known and called Medical Laboratory Practitioners Multipurpose Cooperative Society Limited (MLPMCSL). This group of people huddles around a table, both in the days and in the nights to discussing the latest ways, ideas and innovations of making savings and loan working for the best for its members.

This is not a typical business meeting, but rather a gathering of Medics and non-medics alike, as one of the thousands of cooperative groups that are quietly revolutionizing the socio-economic fabric of Africa’s most populous nation.

Without a doubt, cooperative societies have long been the unsung heroes of Nigeria’s development story. These member-owned and democratically controlled organizations have been providing vital financial services, empowering entrepreneurs, and fostering community resilience in ways that formal financial institutions have often failed to do.

Instructively, “MLPMCSL within its shortest time of existence, it has been a lifeline for members” says, Mr Kingsley Okpala, the Secretary of MLPMCSL FCT Branch and Chairman, MEDLAB Estate. According to him, “It allows us to save regularly, acquire shares, access loans, when we need them, and support each other through difficult times. Without them, I don’t know how we would manage.”

Indeed, the impact of cooperative societies in Nigeria cannot be overstated. With an estimated of over 10 million members across the country, these organizations are playing a crucial role in promoting financial inclusion, reducing poverty, and driving sustainable economic growth.

“Cooperatives are the backbone of Nigeria’s informal sector,” explains Dr. Adesoji Adelaja, a professor of public policy at Michigan State University who has studied the cooperative movement in the country.

“They provide access to credit, business training, and other essential services that are often out of reach for the country’s marginalized communities.”

Take the case of MLPMCSL for instance. This cooperative, which is made up of predominantly Medical Lab practitioners average-income earners, has been using its collective savings and loan scheme to help its members start and expand their businesses, as well as to weather economic shocks and personal emergencies.

“Through the cooperative, we’re able to access small loans at affordable interest rates,” says Abubakar. “This has allowed us to invest in our businesses, send our children to school, and even at the verge of owning to ourselves new homes, the initiatives that has brought about MEDLAB Estate, a project that is going to set a standard for cooperative societies in Nigeria. It’s a game-changer for us.”

The transformative power of cooperative societies is not limited to the informal sector, however. Across Nigeria, from rural farming communities to urban professional circles, these organizations are driving innovation and social change.

For example, a cooperative of Medicals has been using its collective bargaining power to negotiate better prices for their crops, as well as to access improved agricultural inputs and technologies, affordable Housing and food interventions to cushioning the Nigeria’s present economic reality. This, in turn, has led to increased productivity, higher incomes, and greater food security as well as enabling members to fund their professional development and personal aspirations.

“Cooperatives are truly the unsung heroes of Nigeria’s development story, “Say Mr John Chidi, a Medical Lab practitioner, “They are empowering individuals, strengthening communities, and contributing to the overall socio-economic growth of the country in ways that are often overlooked.”

As Nigeria grapples with the challenges of youth unemployment, economic inequality, and social fragmentation, the cooperative movement offers a glimmer of hope. By fostering a culture of self-help, mutual aid, and democratic participation, these organizations are demonstrating the power of collective action to drive positive change.

“Cooperative societies are not just about money and business,” reflects Maryam Abubakar. “They are about building a better future for all of us – one that is more inclusive, resilient, and just. And that, to me, is the true significance of what we do.”

Meanwhile, on Saturday, the 6th of July, 2024, MLPMCSL has highlighted programmes to join the global community to commemorate the International Cooperative Day under the theme “Cooperatives Build a Better Future for All.” This significant event, spearheaded by respected figures such as Alhaji Idris Ali Sanni, emphasized the critical role that cooperative societies play in empowering members and driving economic progress.

At the heart of the event is a focus on innovative excellence and the empowerment of members to achieve economic leadership through unity and performance. Muhammed S. Bello, the esteemed Founder/CEO of the Cooperative & Labour Education Research Centre (CLERC) in Lagos, will deliver a compelling address as the Guest Speaker, that will emphasizing the need for cooperative unity in fostering growth and development.

The energetic Elder IO Benjamin, the Project Manager/President of the MLPMCSL will serve as the Chief Host and Co-Speaker to the upcoming event, it is going to shed light on the enduring and endearing nature of cooperative societies and the pivotal roles playing by both members and management in nurturing a thriving cooperative environment.

Guiding the proceedings are experienced moderators Mr. Abdullahi Abdullahi Samaila and Uba Cornelius Ekenedilichukwu, who would ensure a smooth flow of discussions and engagements throughout of the event.

As part of the programme schedules, attendees are therefore invited to join this global event, at 8:30 pm via Google Meet. The event promises to be an enlightening and enriching experience that will showcasing the collective efforts towards advancing socioeconomic growth and development through cooperative initiatives.

In conclusion, the International Cooperative Day 2024 celebration is going to serve as a testament to the vital role that cooperative societies is playing in building a better future for all. Through unity, innovation, and a commitment to excellence, these cooperative entities continue to drive positive change and transformation in communities, ultimately shaping a brighter tomorrow for generations to come. Let us all heed the call to embrace the cooperative spirit and make every day count towards a more inclusive and prosperous society.

Business

Petrol: MRS Slashes Petrol Price to N935/Litre Nationwide, Enforces compliance

Published

44 minutes ago

December 23, 2024

Sahara Weekly

General Buratai Urges Dangote Not To Succumb To Marketers Blackmail, Reveals Why

Petrol: MRS Slashes Petrol Price to N935/Litre Nationwide, Enforces compliance

… Nigerians praise Dangote-MRS partnership

MRS Oil Nigeria Plc, a prominent player in the Nigerian downstream oil industry, has implemented a new petrol price of N935 per litre across all its retail service stations nationwide. This follows an announcement by the President of Dangote Industries Limited, Aliko Dangote, that the Dangote Petroleum Refinery has partnered with MRS Oil and Gas to offer petrol at N935 per litre at retail outlets, following a reduction in the ex-depot price from N970 to N899.50 per litre.

In response, MRS Oil Nigeria Plc has instructed all its outlets to implement the new price immediately, setting up a digital platform and monitoring team to ensure full compliance. The company has also called on Nigerians to report any outlets that fail to adhere to the new price structure.

“Petrol is now being sold at N935 at MRS Filling Stations nationwide. If you find any station not following this price, please report it. Call 08009447853 or email: [email protected],” the company stated in a release.

Emphasising the eco-friendly nature of its products, MRS Oil added, *“We call on all petrol station owners to join MRS Oil Nigeria Plc in improving the supply chain of our beloved country, ensuring product quality and availability in every corner of Nigeria for the benefit of all Nigerians.”*

Checks by our correspondents yesterday confirmed that the new price had been implemented at all MRS Oil and Gas retail outlets nationwide.

In Lagos, commuters were seen queuing at MRS filling stations to purchase petrol. Many expressed their gratitude to Dangote Petroleum Refinery and MRS Oil and Gas, urging other marketers to support the indigenous refinery rather than import off-spec products into the country.

Mrs. Ibukun Phillips, a commuter at the MRS station at Alapere on the Lagos Ibadan Express way, could not hide her joy as her husband filled up their car.

“I am very happy today. This is a victory for Nigeria,” she said. “The price reduction is the best gift of the season. But beyond just the reduction, we are buying standard, eco-friendly petrol at a lower rate. My husband and I have decided we will only be using MRS from now on because we are confident in the quality of the product and supporting the economy.”

Commercial bus driver Adio Ajibade described the price reduction as a great relief, especially during the festive season.

“The reduction is a great relief. It will reduce transportation costs and benefit Nigerians. God will continue to bless Alhaji Aliko Dangote,” he said.

A public affairs analyst and university lecturer, Dr. Tunde Akanni, said the collaboration between Dangote Petroleum Refinery and MRS Oil represents a significant step towards improving the affordability, quality, and sustainability of petroleum products in Nigeria.

According to Dr. Akanni, “this move will not only help ease the financial burden on Nigerians but also promote a more environmentally conscious approach to fuel consumption, benefitting both the economy and public health in the long term.”

Business

FIRS ANNOUNCES AN ONGOING RECRUITMENT

Published

4 hours ago

December 23, 2024

Sahara Weekly

FIRS ANNOUNCES AN ONGOING RECRUITMENT.

The Federal Inland Revenue Service (FIRS) has rolled out an exciting opportunity for experienced professionals to join its team.

In a public notice via its X handle, the agency announced job openings for positions like Assistant Manager, Deputy Manager, and Assistant Director in fields such as Tax, Public Relations, Legal, ICT, and Risk Management.

Interested candidates are encouraged to review the eligibility criteria and apply via the official portal at careers.firs.gov.ng before January 11, 2025. This recruitment drive is aimed at bolstering public service efforts and maximizing national development.

Business

UBA GMD Calls for Public-Private Collaboration, Joins Aviation Minister to Commission New MMIA Departure Section

Published

21 hours ago

December 22, 2024

Sahara Weekly

UBA GMD Calls for Public-Private Collaboration, Joins Aviation Minister to Commission New MMIA Departure Section

The newly renovated departure section of the Murtala Muhammed International Airport, Lagos, refurbished by United Bank for Africa (UBA) Plc, was officially commissioned on Friday, December 20th, 2024.

The laudable project, which marks a transformative moment in Nigeria’s aviation sector, underscores UBA’s unwavering commitment to national development and highlights the immense value of strategic public-private partnerships (PPPs).

The ceremony was graced by distinguished stakeholders, including the Honourable Minister of Aviation and Aerospace Development, Festus Keyamo, SAN; the Managing Director of the Federal Airports Authority of Nigeria (FAAN), Mrs. Olubunmi Kuku; other Directors, and Heads of Agencies operating at the Airport.

Speaking at the event, UBA’s Group Managing Director/CEO, Oliver Alawuba,lauded the collaboration that brought the project to fruition as he emphasised the need for public and private institutions to come together to build and revamp the nation’s assets.

“This renovation is a testament of UBA’s belief in the transformative power of investing in national assets. By modernising our airports, we not only enhance infrastructure but also position Nigeria as a global hub for tourism, trade, and investment,” he stated.

Alawuba took time to highlight the broader economic impact of such initiatives, urging increased private-sector participation in national development. “Public-private partnerships like this demonstrate what can be achieved when we unite for a shared vision of progress and investing in infrastructure catalyses economic growth, improves travel experiences, and creates opportunities across various sectors of the economy,” he added.

Alawuba reflected on the power of unity and collaboration, quoting Helen Keller: “Alone we can do so little; together we can do so much.” The commissioning of the renovated departure section serves as a reminder of what strategic partnerships can achieve in driving national development and elevating Nigeria’s global standing.”

While commissioning the project, Keyamo commended UBA for executing the project, a feat he termed a landmark achievement in Nigeria’s aviation sector. “This renovated departure section exemplifies the bank’s commitment to elevating aviation infrastructure, improving passenger experiences, and fostering international partnerships. It is a proud moment for the ministry and all stakeholders involved, and I thank the management of UBA for pioneering this initiative,” he remarked.

The minister highlighted other key achievements of his ministry, including compliance with the Cape Town Convention, the launch of a consumer protection portal, and advancements in major infrastructure projects such as the second runway at Abuja Airport and solar energy integration in airport operations.

The Managing Director/Chief Executive of FAAN, Mrs. Olubunmi Kuku, commended UBA and other stakeholders for their contributions, adding, “This project reflects FAAN’s dedication to delivering world-class aviation infrastructure. The enhanced departure section not only elevates passenger experiences but also strengthens Nigeria’s competitive position in global aviation,” she said.

She called for more private-sector participation, emphasising that “partnerships like these are essential to transforming the aviation sector into a beacon of excellence.”

The newly renovated departure section boasts cutting-edge facilities designed to enhance efficiency and passenger comfort. This upgrade reaffirms the Murtala Muhammed International Airport’s status as a critical gateway to Nigeria and a major hub for international travel in Africa.

United Bank for Africa is Africa’s Global Bank. Operating across twenty African countries and the United Kingdom, the United States of America, France and the United Arab Emirates, UBA provides retail, commercial and institutional banking services, leading financial inclusion and implementing cutting edge technology. UBA is one of the largest employers in the financial sector on the African continent, with 25,000 employees group wide and serving over 45 million customers globally.