Obasa spoke at a Public Hearing on a Bill for a Law to Establish the Lagos State Cooperative College and for Connected Matters organised by the House Committee on Commerce and Industry led by Hon. Oladele Adekanye.
The Speaker, who was represented by his deputy, Hon. Wasiu Eshinlokun-Sanni, said that the bill, when passed into law, would afford cooperators with adequate skills for economic promotion.
Obasa said: "This bill is geared towards effective administration of cooperative societies and enhancing the economic progress of the state.
"If the bill is passed into law, it will ensure the qualitative training of cooperators who with their professional skills in turn promote the economic activities.
“The bill when passed into law also will empower the college to provide courses of instructions leading to the award of degrees, diplomas and certificates and other studies as prescribed by the college.
"This bill, which seeks to give statutory backing to the Lagos State Cooperative College, will go a long way in the production of seasoned and well-trained cooperators to enhance the cooperative movement in the state.”
One of the stakeholders, Mr Abdulwaheed Baruwa, President, Zero Interest Multipurpose Cooperative Society, Alausa advocated the inclusion of Islamic Finance Mechanism in the curriculum of the college.Baruwa called for inclusion of experts in Islamic financial system in the governing council of the college.
