CFN executive secretary’s report to CFN board of directors’ meeting held in Abuja on 15th August, 2018.

CFN executive secretary’s report to CFN board of directors’ meeting held in Abuja on 15th August, 2018.

  1. Introduction. This report highlights the programmes/activities undertaken by CFN from March 2018 to date, and outlines ongoing and future activities.
  2. An Act to Amend the Nigerian Co-operative Societies Act CAP98 2004 Laws of the Federation of Nigeria (LFN).  A Public Hearing was organized by the House Committee on Agriculture, Colleges and Institutions at the National Assembly. CFN President and led the Co-operative Movement to the event even though CFN did not receive an official invitation to the occasion, on May 8th 2018. The Federal Department of Co-operatives was also at the Public Hearing. At the end of deliberations it was the agreed that an entire review of the Act was needed and not just amendments. An Ad-hoc Committee of Seven with CFN President as Chairman was set up to steer the process of producing a draft amended bill to enact the Nigeria Co-operative Societies Act CAP98 2004 LFN. The draft has been submitted to the Committee and is ready to go to for 3rd reading. CFN is to lead advocacy and mobilise funds to finance activities leading to the passage of the bill.   
  3. 4th CFN Summit 2018. The CFN President, Chief Oriyomi Ayeola, accompanied by CFN ES, two members of the Board of Lagos State Co-operative Federation (LASCOFED), the latter’s ES, and CFN Accounts/Administrative Officer, as well as the President of Ogun State Co-operative Federation with some of his Board members paid a very  successful courtesy visit to Ogun State Hon. Commissioner of Community Development and Co-operatives in Abeokuta on 6th June 2018. The purpose was to intimate the Hon. Commissioner about CFN’s intention to hold the 4th CFN Summit 2018 in Ogun State. Consequently CFN has submitted a letter to the Hon. Commissioner to facilitate a courtesy visit to His Excellency, the Executive Governor of Ogun State.
  4. 7th Regular National Council on Co-operative Affairs (NCCAs).  The  7th NCCA held in Gombe from 1st-4th August 2018. Directors of Co-operatives from 14 States, some Permanent Secretaries, and five Hon. Commissioners  of Co-operatives, representatives of  Hon. Minister of Agriculture and Rural Development, and the Permanent Secretary of the Ministry, attended the event. The Co-operative Movement was represented by only CFN, and President of National Co-operative Insurance Society of Nigeria, and the President of the National Union of Agricultural Production co-operatives. It  is therefore, important for CFN to press for the urgent re-constitution of the National Co-operative Advisory Board (NCAB) to provide a platform for the Co-operative Movement to discuss challenges facing co-operatives in the country.     
  • CFN Proposed 2018 Budget. A proposed expenditure of N6, 863, 200.00 against a projected income of N7,800,000.00 is presented before the Board. This budget is coming in the eight month of the year due to the slow start which we have had to deal with. However some expenses have to be covered such as staff salaries, letterhead papers, and so on. I  therefore, appeal to the Board to consider the proposed budget passionately, and not only approve it but support its workability by ensuring timely fulfillment of CFN Affiliates’ financial obligations to the CFN.
  • Staff matters. There was a backlog of salary arrears. However, a line had to be drawn between the past and present so as to move forward. The CFN President who doubles as LASCOFED’s President, and his ES, were magnanimous in advancing funds towards CFN Staff salaries for six months, starting from January to June 2018, which is the terminal date for the financial advance.
  • The focus now is on how to sustain the monthly salary bill of N103,600.00 for the remaining six months, while at the same time paying back the total amount of N430,000.00 being advance by LASCOFED in salaries to CFN from January 2018 to June 2018.
  • Last year the ES gave a notice of retirement on account of retirement age. However, the CWC prevailed on the ES to defer his retirement because of the CFN 2017 congress. Now that a new CFN leadership is in place it is pertinent for the Board to initiate the process of retirement of the ES to enable him proceed on retirement leave either from October 20018 or January 2019.
  • CFN Office Accommodation at AP Infinity House Abuja. In July 2018 CFN made a move through an official letter to the Managing Director of Africa Prudential Plc to start the process of taking possession of the office. In response, AP authorities submitted to the CFN a total Annual bill of over Three Million Naira. A follow up by the CFN President about this bill could not change matters. Therefore CFN no longer has claim over this office.
  • Retreat for CFN Board.  The proposed CFN Board retreat aims fostering mutual understanding and harmonious working relationships amongst Board members, besides sharpening the skills of the Board towards enhanced performance. It is expected this activity will still be organized before the end of the year.
  • ICA Global and ICA Africa  Programmes. The ICA global 2018 General Assembly holds in Buenos Aires Argentina from 18th to 22nd October 2018. 9.1 ACMC 2018/13th ICA Africa Regional Assembly. The Africa Co-operative Ministerial Conference is scheduled to hold at NICON Luxury, Hotel Area 11, Abuja, from 3rd -7th September 2018. Nigeria’s host Minister, Hon. Minister of Agriculture and Rural Development Chief Audu Ogbe, OFR will be taking over the Chairmanship of the ACMC from his counterpart from Botswana. All Ministers of Co-operatives in Africa are expected to be in attendance. The theme of the conference is: “Leveraging the Co-operative Advantage for the Africa Free Trade Area.” CFN is required to sttle its ICA 2018 dues to the tune of approximately N2,600,000.00(N2, 553,000.00 in 2017). It is hereby proposed that this amount be shared equitably among the six CFN Zones, and to be paid before the ACMC starts on 2nd September 2018.
    •  ICA 2018 International Co-operative Day, Kano, 2018. CFN has taking steps in partnership with an Event Managing Company IMPC Limited to mark this year’s International Co-operative Day in Kano. The activity will be organized in collaboration with the State Co-operative Federation. The earlier date of  August 2018 has had to be shifted, and September 21st-22nd 2018.
    •  13th ICA Africa Regional Assembly. The 13th ICA Africa Regional Assembly will hold during the ACMC. Highlights will be a bye-election to elect a new President/International Vice President of the ICA Africa, Vice President, and a Board member. This follows the retirement of Mr. Stanley Muchiri, ICA International Vice President Africa at the event. Also a Farewell party is expected to be organized for him during the ACMC.
  • Constitution of CFN CWC. CFN Zonal Coordinators (ZCs) are nominated one each from the six geo-political Zones, including those zones from which CFN’s four officers, President, 1st and 2nd VPs, and Treasurer, have been elected. Zonal ZCs for North Central (NC), National Sectorial Apexes (NSA), South West (SW), and South South (SS) have been ratified by the Board. North East, North West, and South East are, however, yet to have nominations for Board’s ratification. The Secretariat craves the support of neighboring ZCs in ensuring that every Zone is represented on the CWC before or at the next meeting of the Board. It is a greater challenge getting nominations to represent women and youths respectively on the CWC, since the Nigeria Co-operative Women Alliance (NICOWA) leadership crisis deteriorated in the last three years. As for youths, the absence of a reliable youth network  that reflects co-operative values and principles, and works with the Co-operative Movement either at National or State level presents another challenge.
  • Conclusion.   It has been with the co-operation and support of some CFN Affiliates that the foregoing activities have been carried. We wish to appeal  to all CFN Affiliates to continue to support CFN activities so that together the Co-operative Movement in the country will make their inputs in the socio-economic development of the country.