Baytul-Maal Cooperative Celebrates Second Anniversary
By Nurudeen Adebayo
The Baytul-Maal Zero Interest Cooperative, located in Kosofe, recently celebrated its second anniversary with an event focused on the prospects and challenges of raising economic standards through cooperative efforts.
The cooperative, renowned for providing free skills acquisition, zero-interest loans, and support for joint ventures, has reiterated its commitment to eradicating poverty and empowering Nigerian youths.
While speaking at the event, the President of the Cooperative, Mr. Taiwo Lasis, expressed his dedication to lending support to micro, small, and medium-sized enterprises (MSMEs) in Nigeria.
He emphasised the urgent need to eliminate poverty and create opportunities for young Nigerians through free skills training programs.
He stated: “We aim to celebrate the second anniversary of our cooperative society while raising awareness about the services we provide and giving back to our community through free healthcare services.”
The event witnessed a notable milestone, as more than 100 individuals received free medical services provided by the Cooperative as part of its anniversary celebration.
When asked about what sets the Cooperative apart from others, Yusuf highlighted its uniqueness in providing interest-free loans.
He explained: “What sets us apart is our commitment to lending money without any additional interest.
“Furthermore, we engage in various business ventures, including estate management and joint ventures, which enable our members to generate profits within the organization.”
Mrs. Latifat Saka, the Matron of the Cooperative, congratulated the group on its second anniversary.
She praised the Cooperative’s various skill acquisition initiatives, but expressed concern over the attitude of young Nigerians towards manual labour, as she urged parents, especially mothers, to encourage their children to learn various trades at a young age and provide incentives to nurture their passion for these vocations.
Describing the cooperative as reliable and forward-thinking, Saka affirmed its potential for future investments.
She stated: “This cooperative offers a bright future for our children, men, and women, not to mention opportunities in the realm of landed property. They are truly remarkable.”
