NSUK Staff Cooperative Records ₦158 Million Savings Growth at 13th AGM, Sets October 2026 Transition Plan

The Nasarawa State University Keffi Staff Cooperative and Thrift Society (NSC&TS) has recorded a significant financial performance, with total members’ savings rising to over ₦158 million as of December 2025, reflecting sustained growth and increased confidence in the cooperative system.

The development was disclosed during the 13th Annual General Meeting held on Thursday, May 21, 2026, at Lecture Theatre 1, Faculty of Social Sciences Annex, Nasarawa State University, Keffi.

The meeting provided a platform for reviewing the cooperative’s financial performance, welfare activities, and strategic outlook ahead of the expiration of the current executive committee’s tenure in October 2026.

Presenting the report, the President of the Cooperative Society, Comrade Tanimu Yakubu, said the society has continued to evolve beyond traditional thrift and loan functions into a broader welfare-driven structure aimed at improving members’ economic stability and long-term investment capacity.

He highlighted key achievements recorded under the current leadership, including support for members in acquiring landed property at Jigwada as part of efforts to promote asset ownership and financial security among staff.

The cooperative also sustained welfare interventions through the distribution of food items and essential commodities to support members amid prevailing economic challenges.

Membership growth was also recorded, increasing from 415 to 451 members within the review period.

Financial performance indicators presented at the AGM showed that total savings rose from ₦124,040,298 to ₦158,550,832, representing an increase of ₦34,510,534, while the cooperative posted an annual surplus of ₦14,000,912.90 before appropriation.

President Yakubu attributed the performance to collective discipline and sustained commitment by members, noting that the results reflect the strength of cooperative culture within the university community.

He outlined future priorities for 2026, including the introduction of specialized loan schemes for business startups, school fees, and medical needs, alongside the digitization of services to improve efficiency and transaction processing.

Other planned reforms include ensuring timely settlement of savings for retiring or exiting members, as part of efforts to strengthen trust and operational transparency.

The AGM also observed a minute of silence in honour of five members who passed away during the year: Mr. Sunday Ibbih, Mrs. Sarah Ayuba, Mr. Kaduna Michael Anzaku, Mr. Jerry Timothy, and Mrs. Maryam Aruwa.

Looking ahead, members were informed that the current executive committee’s tenure will end in October 2026, prompting preparations for a smooth leadership transition.

An electoral committee was constituted to oversee the transition process, comprising Abdullahi Ibrahim, Joel Samuel Iduwa, Musa Awadu, Ruth Bem, and Danladi Makpa.

Goodwill messages were delivered by representatives of the Nasarawa State Ministry of Trade, Investment and Industry, who commended the cooperative’s financial discipline and urged members to sustain a strong savings culture as a long-term safety net.

Also speaking, representatives of the NSUK Health Cooperative Society praised the progress of the organisation and reaffirmed support for continued collaboration in staff welfare initiatives.

The AGM concluded with renewed optimism among members and a collective commitment to sustaining financial growth and strengthening the cooperative’s role in staff welfare and economic empowerment within the university community.