Media Trust Cooperative records 83% rise in surplus
General Manager, Human Resources & Management Services of Media Trust Limited, Hajiya Hadiza Ibrahim Bala (middle) alongside executive members of the Media Trust Multipurpose Cooperative Society Limited, during its meeting in Abuja yesterday.
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Fri Jun 11 2021
The Media Trust Multipurpose Cooperative Society Limited yesterday said it recorded better performance in 2020 with 83 percent increase in its surplus revenue.
Acting Chairperson of the cooperative, Mrs Rukayat Raji, disclosed this during its Annual General Meeting (AGM) at the corporate headquarters of Media Trust Limited (MTL) in Abuja.
She explained that the cooperative recorded a surplus of N912,925.17 in 2019, while the surplus jumped to N5,338,589.30 in 2020 which indicated an 83% increase.
For this segment and indeed the Nigerian economy as a whole, the effect of the global pandemic and the accompanied lockdown has resulted in an unprecedented economic tailspin, which has further affected businesses, consumer spending, jobs and livelihoods. With this in mind, MTN initiated The Revv Programme, an initiative aimed at addressing the critical needs of MSMEs. After a series of 11 impactful masterclasses facilitated by industry experts across major sectors, 200 MSMEs have been selected to be a part of MTN’s accelerator programme,
Y’ello 200. The
Y’ello 200 consists of micro, small and medium-sized businesses cut across different sectors all over the country. The