Lagos advises cooperative members on new business models

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The Lagos State Cooperative College has advised its members on the need to embrace new approaches and business models in a post-COVID-19 era.

The Provost of LASCOCO, Akorede Ojomu, gave this advice on Tuesday at the start of a four-day intermediate training for managers, trustees and members of cooperative societies, held in Agege.

He said, “Given our position as a proactive training institution with a bias for cooperative education, we consider it expedient to attune the consciousness of operators in the sector to the dangers inherent in their failure to embrace the disruptive realities of the modern-day business world.

“This disruptive environment has been further deepened by the advent of COVID-19 which has unequivocally reinvented the world of work with its attendant transformations in our business models and approaches. Here we are with the new nature of business processes largely propelled by ICT as a strong business solution.

“For us at the college, our curriculum has been repositioned to cope with the imperatives of the ever dynamic albeit volatile environment across the globe and Nigeria.”

Ojomu also stated that the training was aimed at equipping cooperative members with the necessary skills with which they would convert emerging threats to business opportunities through the right application of knowledge gained in the course of this intensive programme.


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