Co-operatives Cabinet Secretary Simon Chelugui has reiterated the need for all stakeholders in the transport co-operatives sector to uphold ethos that govern the sector.
The CS noted that ethos are key in strengthening the sector.
He spoke on Friday March 15, 2024 when he presided over 4NT Savings and Credit Society Ltd’s 35th Annual General Meeting (AGM) in Nyahururu, Laikipia County.
“As we reflect on achievements, let us continue to uphold and strengthen the cooperative ethos, ensuring sustainable and inclusive growth within the public transport sector for the benefit of all stakeholders,” he stated.
The AGM reinforced the remarkable journey that the 4NT cooperative has undertaken over the past three and a half decades.
The occasion, Chelugui noted that it does not only mark a milestone in its history but also serves as a testament to the Co-operatives’ resilience, dedication, and unwavering commitment to the ideals of cooperation and enterprise development.
“It is imperative to recognize the pivotal role that cooperatives have played in the provision of public transport services, a fact duly acknowledged by the government,” he said.
Following the government’s directive to aggregate operators into cooperatives or companies, the CS revealed that public transport sector has undergone a profound transformation.
He added that the initiative has not only instilled a sense of order and discipline within the sector but has also opened doors for numerous investors who may have otherwise been hesitant to enter the transport industry.
He expressed gratification that over the years, Savings and Credit Cooperatives (Saccos) have emerged as the preferred model for organizing public transport operations.
“I am deeply moved by the profound service that 4NT is rendering to our nation through its transport network. Their steadfast dedication as transport operators has been instrumental in shaping the trajectory of our country’s growth and development. Through your tireless efforts, you have not only facilitated the movement of parcels and people but also served as catalysts for progress in countless communities,” he said.
Despite boasting a modest membership of 443 individuals, 4NT cooperative has astoundingly amassed an asset base close to Ksh500 million over the years with an average contribution of over Ksh1 million per member.
The AGM was also attended by Laikipia Woman Rep Jane Kagiri, Nyandarua Senator Kaba Methu, MCAs and members of the county executive.