The history of the Federal Co-operative College, Ibadan is situated on a tripod: the first of the tripod reflects the pre-independence era; the second stand covers the post independence; and the last stand marks the era when the college was taken over by the Federal Government up to date. The pre-independence period of the history of the college commenced in 1943 when it was founded as a Co-operative Training School.
After a remarkable and successful period of functioning, the school gained a College Status in 1957. With this elevation; it started awarding a recognized certificate in Co-operative Studies, drawing its students from within Nigeria and countries in the West African sub-region as Ghana, Sierra-Leone, The Gambia, etc.
The advent of independence ushered in the second phase of the growth and development of the college. The initial success as recorded in the first phase did not trick the Western Region Government into resting on their oars in funding and assistance to the College. More resources were made available and by 1963, the College moved to its permanent site.The permanent site itself is located at a point which commands easy reach of the University of Ibadan; The Polytechnic, Ibadan; School of Forestry; and a host of other Institutions within Ibadan.
The third leg of the tripod which is also the third phase saw the take over of the College by the federal Government from the Western state Government on 1st April, 1976. The takeover was in a bid to enhance the Federal Government policy on Co-operative Development which is to provide supervisory and experienced Senior Co-operative administrative staff for the effective organization and technical development of Co- operatives.
The college, presently, runs not only Higher National Diploma (HND), National Diploma (ND) and related courses in cooperative studies but also courses in Banking & Finance, Home & Rural Economics, Computer Science and Business Administration & Management.
Apart from these courses, the college also runs short courses in addition to workshops and conferences for the Co-operative Movement.