Establishment of the Ijesaland Cooperative Society (ICS)

Conceived the Establishment of Ijesaland Cooperative Societies (ICS)

As part of his commitment to building a sustainable economic future for Ijesaland, Asiwaju of Ijesaland, Asiwaju Olayinka Fasuyi, conceived the Ijesaland Cooperative Society (ICS) as a community-driven initiative designed to revitalise indigenous enterprise and strengthen grassroots economic development across Ijesaland. The Ijesaland Cooperative Society is structured to operate across the 64 wards of Ijesaland, thereby bringing economic empowerment closer to the grassroots and creating an opportunity for Ijesas engaged in various trades, businesses and vocational activities to participate in an organised economic development system.

A major feature of the initiative is the provision of access to revolving loan facilities and other cooperative support mechanisms. This is intended to address one of the major challenges confronting small entrepreneurs and artisans limited access to affordable and sustainable capital for expanding their businesses. Through the cooperative model, members are expected to have opportunities to strengthen their existing enterprises, start new businesses, increase their productive capacity and participate more effectively in commercial activities within and beyond Ijesaland.