PSC Chairman Highlights Cooperative Societies as Key to Surviving Nigeria’s Economic Challenges

PSC Chairman Highlights Cooperative Societies as Key to Surviving Nigeria’s Economic Challenges

– Urges PSC Staff to Embrace Cooperative Principles for Improved Living Standards

In response to Nigeria’s ongoing economic difficulties, the Chairman of the Police Service Commission (PSC), DIG Hashimu Argungu (rtd), mni, emphasized the crucial role of cooperative societies in uplifting the lives of commission staff and the wider community. Speaking to members of the PSC Cooperative Society and Commission management on Friday, October 25, 2024, DIG Argungu advocated for cooperative principles, stressing their power to promote resilience and positive mindset during challenging times.

The Chairman noted that cooperative societies follow a guiding philosophy of “each for all and all for each,” where members support one another through mutual aid. By leveraging this structure, cooperatives help to alleviate poverty, provide skills training, and offer financial assistance, ultimately fostering economic stability and enhancing living standards.

"Cooperative societies have proven effective in improving members' quality of life through job creation, financial aid, and training initiatives," DIG Argungu remarked. "They support joint entrepreneurship, foster healthy competition, and are instrumental in reducing inflation’s impact on members and communities."

In addition to financial and entrepreneurial support, he highlighted the role of cooperatives in instilling values, enhancing skill development, and promoting both social and economic growth across Nigeria.

He urged PSC staff to actively participate in cooperative society activities and embrace its ideals as a “vital tool” for financial empowerment and resilience in these difficult times.

Ikechukwu Ani

*Head, Press and Public Relations  

*Friday, October 25, 2024