By Ude, Ogbonnaya Israel
The University of Jos Cooperative Society members have been enjoined to embrace shares among other strategies of investment to secure a promising prospect after retirement.
Professor Likita J. Ogba, gave the encouragement in his lecture Saturday, at the 12th annual General Meeting (AGM) of UNIJOS Staff Multi-Purpose Cooperative Society (UJMCSL) held in Naraguta Campus of the institution.
The Professor of Economics Department University of Jos who frowned at the little patronage of the cooperative members of just 2% said that shares investment have double value of dividend and capital appreciation.
He highlighted some benefits of co-operative society to include; easy access to loan and other financial assistance, easy way of saving, open doors to employment, educational and other opportunities among other benefits.
Earlier in his welcome address, the president of the co-operative society Mr. Ukpo G. Aondohemba appreciated the members for their understanding during their difficult times.
He said, “During our two years in office, we have had to grapple with the effects of the lockdown in 2020 occasioned by COVID 19 and the introduction of IPPIS as the payment platform for university staff which has resulted in dwindling remittances of the co-operative society”.
The President added that the immediate past industrial action by the union in the university and the NO WORK, NO PAY stance of the Federal government for this period magnified their challenges.
“Despite this, we remain hopeful as we will not relent on our oars until things turn around for the good of the cooperative and our members at large”, he assures.
Also speaking, the Chairman of the occasion and former Director cooperative Societies Plateau State, Mr. Lawrence Lankwap admonished the members to give the leaders all necessary support while the leaders in turn should provide quality leadership.
Highlight of the event were swearing in of new EXCOS, launching of automation package as well as goodwill messages from invited guests.
