Lagos Govt Urges Cooperatives To Invest Beyond Savings, Loans

The Lagos State Government has urged cooperative societies to expand their investments beyond traditional savings and credit operations to sectors such as real estate, manufacturing and other productive ventures.
The state’s Director of Cooperatives, Dr Adeyemi Adeyinka, gave the advice during a visit to the Eko Atlantic City site of Louisville, a mixed-use development by TotalEnergies Staff Housing Cooperative Multipurpose Society Ltd (TEHC), on Monday, November 2, 2026.
Adeyinka said cooperative societies could improve members’ welfare and contribute to economic growth by investing in projects capable of generating sustainable returns.
He, however, advised TEHC to put measures in ...