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House of Reps: Bill on Cooperative Professionals Scales Second Reading

The Bill for an Act to provide for the establishment of the Institute of Cooperative Professionals of Nigeria passed through second reading today in the House of Representatives.
Sponsor of the Bill, Honourable Segun Williams of Ogun State emphasised the need for cooperative societies to have legal framework to enhance their activities in the country, especially in rural areas.
Some lawmakers who supported the bill encouraged the house to pass the bill in order to increase the level of productivity, considering the vital role cooperative societies play in economic development in Nigeria.
The bill was referred to the committee on commerce for further legislative action.
Reported by Charity Marcus

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