THE ROLE OF COOPERATIVE SOCIETIES AND THE NIGERIA ECONOMY: A CASE STUDY OF COOPERATIVE SOCIETIES IN OREDO LOCAL GOVERNMENT AREA OF EDO STATE
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THE ROLE OF COOPERATIVE SOCIETIES
AND THE NIGERIA ECONOMY: A CASE STUDY OF COOPERATIVE SOCIETIES IN OREDO LOCAL
GOVERNMENT AREA OF EDO STATE
ABSTRACT
This sturdy is
designed to look at the importance of cooperative societies in Oredo Local
Government Area of Edo State. the objectives of the study are to examine the
history, functions, importance and the problems of cooperative societies in
Oredo Local Government Area. It will also show how the people of Oredo
associate themselves with the cooperative societies found in their area. The
major research question of this study is that cooperative movement is spreading
into various economic activities in the life of the people of Oredo Local
Government Area of Edo State. it was found from the information gathered that a
lot of handicaps such as lack of cooperative schools, lack of capital no mass
campaign to various pars of the local government area, no effective management
and lack of trust among members etc. The possible recommendation is that at
least all villages or clans in Orhionmwon Local Government Area should have
cooperative societies another is that a cooperative bank should be created to
solve the problem of lack of capital. Also, it is recommended that bank
keepers, store keepers and auditors should be employed or trained to ensure
effective management of the cooperative societies. Finally, there should be
mutual trust within cooperative to ensure steady fast growth in cooperative
movement in Orhionmwon Local government Area of Edo State.
TABLE OF CONTENT
Chapter One
Introduction
Background to the study
Statement of the problem
Purpose of the study
Significance of the study
Research questions
Scope of study
Limitation of the study
Definition of terms
Chapter Two
Literature review
Chapter Three
Methodology of the study
Research design
Population of study
Administration
Method of Collection of data
Method of data analysis
Chapter Four
Data Analysis sand Interpretation
Chapter Five
Summary of findings
Conclusion
Recommendations
Bibliography
Questionnaire
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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