News Update

A Year’s Scorecard of ADSi Multi-Purpose Co-Operative Society @ One Year Anniversary in Awka

By Ogochukwu Nwaokafor

Advanced Development Solutions Investment, (ADSi) Multi-purpose Co-operative Society has given an account of the cooperative’s achievements as it marked its one year anniversary and launching ceremony.

The chairman, ADSi Multi-purpose Co-operative Society Ltd, Pastor Ogochukwu Soludo, who made this known during the launching ceremony in Awka Anambra State, last weekend, in his speech said that what made the organization different from other associations and groups was the fact that its mode of operations was clear.

According to Soludo, ADSi had been able to achieve a lot within a year

In his words, ‘We have grown our membership strength to more than 500, generated over N30,000, 000, advanced loans ranging from N50, 000 to N5,000,000, totaling above N10, 000, 000 to members to help them to meet various financial and business needs, interests and obligations. We have also supplied 3 Sienna SUVs to the Transport Company of Anambra State (TRACAS) on hire purchase basis, thus contributing towards meeting the transportation needs of the people. These and many more are the scorecard of our organization,’ he said.

Soludo while speaking on the mission and vision of the society, said they aimed to promote the welfare and mutual benefit of economic interest of its members through the implementation of programmes and support services and also become the most impactful cooperative society in Nigeria.

Fides gathered that the ADSi Multi-purpose Cooperative Society Limited is a voluntary organization formed by a group of people for the primary objective of promoting the economic interests of its members. The idea of forming the cooperative society was conceived in 2021 and was shared with the leadership of Anambra Demands Soludo, (ADS)

With its theme: ‘Cooperatives: Partners for sustainable development.’ and its vision to become the most impactful cooperative society in Nigeria through the provision of sustainable, value added services and investments.

The Anambra State Governor, Prof. Chukwuma Soludo, during his speech, noted that APGA would be a Cooperative party in Nigeria and would copy the ADSi’s template, adding that cooperative is the coming together of people of common interest and mutual understanding.

The governor who was represented by his Chief of Staff and Chief of Protocol, Mr. Chinedu Nwoye, applauded the organisation for initiating such great ideas, assuring ADSi of Anambra State Governments support.

Speaking further, the Vice President, South East Institute of Co-operatives Professionals of Nigeria, Lady Nora Egwuatu, who was the guest speaker at the event, appreciated the chairman of ADSi Multi-purpose Co-operative Society Ltd, Pastor Soludo, for his efforts.

He said that as long as cooperatives were concerned, the Igbos, especially ndi Anambra, were leading but regretted that they lagged behind in terms of practicing it. He noted however that with events like that, there will be improvements; even as she encouraged the audience to get involved by joining the movement.

In an interview, the Accountant General of Anambra State, Dr. ChukwudiOkoli, assured that the government had no business with the cooperative money as it was an Independent entity, adding that since the cooperative was in the hands of Pastor Soludo, ADSi’s money was in safe hands.