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Published On: Mon, Sep 2nd, 2019

FCT traders re-launch cooperative society

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By Abba Onyeka

Members of the Federal Capital Territory (FCT) chapter of National Association of Nigerian Traders (NANTs) have re-launched their co-operative society known as FCT NANTs Cooperative Society Limited (NANTs-Coop) towards planning brighter future for members, as well as enhancing profitable way of business transactions for them.
Speaking to pressmen at the event, the Association Chairman, Dr Edozie Prince Ugwu who doubles as the chairman, Board of Directors of the co-operative society said the essence of re-launching of NANTs-Coop, which he said was over the time being sustained from members’ dues was to plan smooth and better way of doing profitable business for members, as well as brighter future for them at retirement.
NANTs-Coop, according to him, has come up with innovations for the benefits of traders, such as soft loans from the cooperative to them; buying goods by NANTs-Coop and giving those goods to members who will in turn pay back after sales and; introducing of micro pension launched by Mr President. This be went on will enable the members enjoy pension at old age like their civil servants counterparts, among others.
Appealing to pension fund administrators and others for enhanced business relationship, Esizie Prince Ugwu, among others informed that, they were in partnership with ASUSU Technology Ltd on National Health Insurance Scheme (NHIS) for their members which, according to him will enable them receive treatment in any of the designated hospitals without payment.
He also appealed to the appropriate authorities to stop Chinese businessmen from trooping into Nigerian open markets to rent or buy shops and sell their products cheaper than what they sell to Nigerians in their country.
Edozie Ugwu informed that in order not to take laws into their hands, they had ro write to the authorities ro take actions before things get out of hands, even as he added that foreigners were not allowed into Chinese open markets to rent or buy shops for business transactions.

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