NSUK Staff Cooperative Records ₦158 Million Savings Growth at 13th AGM, Prepares for Leadership Transition

The NSUK Staff Cooperative & Thrift Society (NSC&TS), has recorded a remarkable financial performance with members’ total savings rising to over ₦158 million as of December 2025, signaling sustained growth and increasing confidence in the cooperative system.

The achievement was disclosed by the President of the Cooperative Society, Comrade Tanimu Yakubu, during the 13th Annual General Meeting (AGM) held on Thursday, May 21, 2026, at Lecture Theatre 1, Faculty of Social Sciences Annex, Nasarawa State University, Keffi.

The AGM served as a platform for a comprehensive review of the cooperative’s financial performance, institutional achievements, and future plans ahead of the expiration of the current executive committee’s tenure in October 2026.

Addressing members at the meeting, President Yakubu expressed appreciation to the cooperative’s growing membership base, noting that the society has evolved beyond its traditional lending role into a broader welfare-driven institution focused on improving members’ economic wellbeing and long-term investments.

He highlighted several landmark achievements recorded under the current administration, including support for members in acquiring landed properties at Jigwada, an initiative designed to encourage asset ownership and long-term investment among staff.

The cooperative leadership also sustained welfare interventions through the provision of food items and other essential commodities aimed at easing the economic burden on members amid prevailing economic realities.

Membership strength equally witnessed a significant increase, growing from 415 members to 451, representing an addition of 36 new members within the review period.

Financial records presented at the AGM revealed a strong fiscal position for the society. Total member savings increased from ₦124,040,298 to ₦158,550,832, reflecting a growth of ₦34,510,534, while the cooperative also recorded an annual surplus of ₦14,000,912.90 before appropriation.
“These figures show great improvement and directly reflect the power of our collective effort as university staff,” Yakubu stated.

As part of efforts to strengthen operations and expand member benefits, the cooperative outlined several strategic priorities for the remainder of 2026. These include the introduction of specialized loan schemes targeting business startups, school fees, and medical needs; digitization of services to improve operational efficiency and transaction speed; and ensuring timely settlement of savings for retirees and withdrawing members.

The meeting also took a solemn moment to honor five members of the cooperative who passed away during the year. Members observed a minute of silence in memory of Mr. Sunday Ibbih, Mrs. Sarah Ayuba, Mr. Kaduna Michael Anzaku, Mr. Jerry Timothy, and Mrs. Maryam Aruwa.
“May their souls rest in perfect peace. Amen,” the President prayed.

Looking ahead, Yakubu informed members that the tenure of the current Executive Committee would officially end in October 2026 and urged the society to begin preparations for a smooth democratic transition.

To oversee the process, members elected an electoral committee comprising Abdullahi Ibrahim, Joel Samuel Iduwa, Musa Awadu, Ruth Bem, and Danladi Makpa, who will coordinate activities leading to the emergence of a new management committee.

President Yakubu concluded by commending members of the executive committee and the Cooperative Manager for their commitment and sacrifices toward the growth of the society.

He also extended appreciation to the Nasarawa State Ministry of Trade, Investment and Industry, alongside corporate partners Unity Bank and Access Bank, for their continued support and partnership.

In separate goodwill messages, Mrs. Bilhatu Yusuf and Kuje Iliya Mamman of the Ministry praised the Yakubu-led administration for its financial discipline and prudent management of members’ funds. They encouraged members to cultivate a stronger savings culture, emphasizing that cooperative savings serve as an important safety net during difficult times.

Also speaking during the AGM, the NSUK Health Cooperative Society, through its Investment Officer Mr. Ishaq Umar, delivered a goodwill message commending the society’s progress and continued commitment to members’ welfare.

The 13th AGM ended with renewed optimism among members and a collective commitment toward sustaining the cooperative’s impressive growth trajectory and strengthening its role as a key pillar of staff welfare within the university community.

©️ Information and Protocol Unit, 2026.
Nasarawa State University, Keffi