Opening Speech by the President
Good Governance Multipurpose Cooperative Ltd
Annual General Meeting – Sunday, 7th December 2025
Distinguished members, stakeholders, and friends of Good Governance Multipurpose Cooperative Ltd., it is with great joy that I formally welcome you to our 2025 Annual General Meeting.
This year has been one of remarkable growth and steady progress for our Cooperative. For three consecutive years, we have sustained growth across all key performance indicators. We promised to uphold the highest level of integrity with zero tolerance for excuses — and we have kept that promise. We pledged to lay a solid foundation, driven by passion and sacrifice, for a prosperous homeland — and we have faithfully done so.
A journey of a million miles begins with a single step. We have taken not just one, but three strong steps forward. We may not be at our final destination yet, but surely, the light at the end of the tunnel grows brighter. With our determination and professionalism, our road to the promised land is firmly guaranteed.
Our message of Good Governance continues to spread like wildfire, and GGM Cooperative is winning new hearts. In the 2025 financial year, 51 new members joined this winning economic team, committed to building a Cooperative of our choice and of our future.
Significantly, our Isusu contributions grew by 185%, capital investments increased by 54%, and our deposit earnings rose by an impressive 167%. These achievements reflect not only the confidence our members have in us, but also our collective commitment to building a financially empowered community.
Our success this year is rooted in prudent management of members’ resources, disciplined financial stewardship, and unwavering professionalism. We maintained very low recurrent and capital expenditures, ensuring that every contribution was maximized for growth, especially as our Cooperative continues to expand.
A major milestone in our journey was the successful acquisition of agricultural farmland in Ayamelum Local Government Area. During the planting season, we cultivated 60 plots of rice — a strategic step toward establishing firm ownership and advancing our agricultural vision. With this substantial land asset now secured, our mission to develop a modern, viable, and sustainable agricultural estate has truly begun.
This year also came with challenges. The Federal Government’s zero-importation policy on foreign rice, without adequate consideration for local investors, posed a serious setback to agricultural investments. Lessons have been learned, though at great cost. Nevertheless, the future remains bright. Anambra State Government can partner with Cooperative Society like GGM Cooperative to ensure that there is food security and quality jobs in the State and Igbo Nation at large.
I am proud to emphasize that the management team of GGM Cooperative is made up of men and women of proven integrity — individuals dedicated to transparency, accountability, and the long-term prosperity of our members.
As we gather today, let us celebrate how far we have come and renew our collective commitment to building a stronger, more prosperous Cooperative for all.
Thank you, and once again, you are warmly welcome.
Ndubuisi Anaenugwu
President, GGM Cooperative Society
