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THE ROLE OF
COOPERATIVE SOCIETIES AND THE NIGERIA ECONOMY: A CASE STUDY OF COOPERATIVE
SOCIETIES
CHAPTER ONE
INTRODUCTION
BACKGROUND
TO THE STUDY
Cooperative societies are a unit of
business organization. In recent times, the importances of cooperatives have
come into focus in West Africa countries. Cooperatives society origin is traced
to the Rochadale Pioneers of 1844. It is believed that cooperative societies
were in cooperative before 1844, but is the Rockdale Pioneers of 1844 who
popularized the modern day cooperatives movement. The Rockdale consisted of 28
members who were mostly wavers. Their sole aim of farming cooperative was to
raise their standard of living during this time (1844) people were experiencing
economic hardship. This was mostly pronounced among the law income earners. The
Rockdale pioneers started by contributing or subscribing a few pence a wee,
they managed to obtained 28 with which they vented a store in Toad Lane,
Rockdale. They started tracing with small stocks of fairs out meal and candles.
Profits were distributed to members in the proportion of their purchases. The
Rockdale cooperative was a consumer cooperative society. In Nigeria, the
formation of age group societies for team work and group financial assistance
among members in respect of farm work, road construction, house erection and
social festivities marked the beginning of cooperative society’s movement. The
idea of cooperative societies was first conceived in 1934 and in February 1936.
The legislative council passed the cooperative bill before the movement was
officially launched in the country, in the beginning of cooperative societies
in Nigeria; the running of registration was at the regional levels. The word
“Cooperative” could be used in two different ways;
a. Working together or “ready to help”.
b. An organized kind of business organization.
Cooperative
is an old as mankind, for each other. Thus, this is particularly important in
all rural areas of the world. The herding of all livestock’s is often carried
out in turns by the herdsmen. The gathering in and the thrashing of each
farmers harvest area often carried out by all neighbors joining together to
help one another iun a manner, which though voluntary, is morally compulsory by
tradition I certain countries,. This same method is used for skinning well,
building irrigation reservoirs and ditches putting up houses and even burying
the dead. Also cooperative is known as a type of business organization. Its
introduction to industrial and business lives in West Africa generally and the
rural areas of Nigeria in particular, are however new. Cooperative in his
modern world is varied and it covers the work in all its business entities. The
importance of cooperative societies in Nigeria cannot be over emphasized. The
cooperative development in any place must be conditionally by its economic
pattern Nigeria has an agricultural economy and cooperative was first developed
in Nigeria.
At present, many types of
cooperative societies are existing in Nigeria. They are as follows./
agricultural products marketing societies, consumers, cooperative thrift and
loan societies, cooperative craftsman’s societies and multi-purpose cooperative
societies. Some of these societies exist in Oredo Local Government Area of Edo
State. Cooperative society played a vital role by establishing a cooperative
school where auditors and inspectors are being retained to audit and inspectors
the activities of various cooperative societies to avoid fraud,
misappropriation and mal-administration. In conclusion, even though cooperative
society has not and cannot cover all facets of economic activities, it has
covered the salient parts of the activities of the common man, particularly the
area under which they have been suffering.
STATEMENT OF
THE PROBLEMS
The major problems of cooperative
societies include among others;
1. Inadequate financing
2. Mismanagement of resources by the
management committee (board of directors)
3. Unqualified/inexperienced management
committee
4. Uncommitted membership
5. Lack of clear policy guideline on cooperatives
6. Outdated/inherited colonial cooperatives
law that determinates cooperative autonomy and officialized and existing
cooperatives
7. Government attitudes towards cooperatives
development
8. Lack of infrastructural facilities like regular
and stable electricity, accessible roads, pipe-borne water etc.
OBJECTIVES
OF STUDY
The objectives of this study as
follow;
1. To identify the principles and economic
importance of cooperative societies in Oredo Local Government Area of Edo
State.
2. To defined and trace the origin of
cooperative societies in Oredo Local Government Area of Edo State.
3. To recognize the different types of
cooperative societies in Oredo Local Government Area of Edo State.
4. To recognize the constraints and the
possible solutions of cooperative societies in Oredo Local Government Area of
Edo State.
RESEARCH QUESTIONS
1. The cooperative movement is spreading its
tentacles into various economic activities in Oredo Local Government Area of
Edo State.
2. Lack of education has made people to
neglect the importance of cooperative societies in Oredo Local Government Area
of Edo State.
3. Cooperative societies are now used as a
dumping ground for partisan politics.
SCOPE OF
STUDY
This study is limited to Oredo
Local Government Area of Edo State. it examines the cooperative societies in
Oredo Local Government Area and how cooperative societies have been able to
render help to the people around Oredo Local Government Area. This study will
cover producers cooperative societies, consumer thrift cooperatives.
SIGNIFICANCE
OF THE STUDY
The study is important because
cooperative society is important in our country and it is important to know the
role which cooperative society plays in Oredo Local Government Area and the
important cooer5pative societies plays to the people in Oredo Local Government
Area.
DEFINITION
OF TERMS
Society:
what is society: A society or a human society is a group of people related to
each other through persistent relations or a large social grouping sharing the
some geographical or virtual territory, subject to the same political authority
and dominant cultural expectations human societies are characterized by
patterns of relationship (social relations) between individuals who share a
distinctive “culture” and institutions or given society may be described as the
sum total of such relationship among its constituent members. In the “social
sciences” a larger society often evinces stratification and or dominance
patterns in sub-group.
Cooperative:
A cooperative is a group of people acting together to meet the common needs and
aspirations of its members, sharing ownership and making decisions
democratically. Cooperative are not about making big profits for shareholders
but creating value for customers. This is what gives cooperative a unique
character and influence. There are many cooperative businesses around the
world, of which the cooperative group is one of the largest.
Economy: An
economy consists of the economic systems of a country or other area, the
labour, capital, and land resources and the manufacturing, production, trade,
distribution and consumption of goods and services of that area. A given
economy is the result of a process that involves its technological evolution,
history and social organization as well as its geography, natural resources
endowment and ecology, as main factors, these factors give context, content,
and set the conditions and parameters in which an economy functions.
Role: A role
or (social role) is a set of connected behaviours, rights, and obligations as
conceptualized by actors in social situations. It is an expected or free or
continuously changing behaviour and may have a given individuals social status
or social position. It is vital to both functionalist and interactions
understanding of society
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