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THE ROLE OF
COOPERATIVE SOCIETY ON ECONOMIC DEVELOPMENT OF EDO STATE: A CASE STUDY OF
ORHIONMWON LOCAL GOVERNMENT AREA
ABSTRACT
Cooperative societies
started in 1844 by the Rochdate Equitable Pioneers. This movement spread over
Nigeria around 1934. Today cooperative societies are one of the numerous forms
of business organization in the world and it is considered as one of the
important means of bringing about economic development to Orhionmwon Local
Government Area of Edo State. In Orhionmwon societies perform the role of
distributing goods and services to their members, promoting unity, provision of
goods and services among others, they offer assistance to farmers to improve
the quality of their farm produce throughout careful grading and storage.
Members are encouraged to produce the best by paying higher prices for high
quality products. Up till date, the optimum potentialities of cooperative
societies are yet to be fully exploited; this is due to constraints militating
against cooperative societies. 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
1.1
Introduction
1.2
Purpose of the study
1.3
Objective of the study
1.4
Scope of study
1.5
Limitation of the study
Chapter Two
2.1
meaning of cooperative society
2.2
Origin of cooperative societies
2.3
Origin of cooperative society in Orhionmwon Local Government Area
2.4
Types of cooperative societies
2.5
Principles and role of cooperative societies roles
2.6
Problems retarding the effectiveness of modern cooperative societies
Chapter Three
3.0
Introduction
3.1
Population of study
3.2
Administration and collections of questionnaires
Chapter Four
4.1
Introduction
4.2
Analysis
Chapter Five
Conclusion and Recommendations
5.1
Summary of findings
5.2
Conclusion
5.3
Recommendations
Bibliography
CHAPTER ONE
1.1
INTRODUCTION
The world cooperative
could be used in different ways. It means “working together” or ready to “help”
and an organized kind of business organization. Cooperative as used in the
first meaning is an oil as others. This is particularly in all rural area of
the world. The gathering and the thrusting of each farmers harvest are often
carried out by all neighbours joining together to help one another in a manner
which though voluntary in a morally compulsory by tradition. In certain
countries this same method is used for building of irrigations, reservoirs and
ditches, putting up houses.
The second meaning of
cooperative is known as a type of business organization. It is introduced to
industrial and business lives in West Africa generally and the rural areas of
Nigeria in particular. However, new cooperative in modern world in all the
business entities. The British wholesales brokers and flour millers, the Africa
farmer and palm kernel collectors, island fishermen and few others. These
enterprises are formed with the common purpose of achieving a particular
collectively which individual cannot really overcome with ease. The importance
of cooperative development in Nigeria cannot be over emphasized. The
cooperative society in any place must be conditionally by its economic pattern.
Nigeria has an agricultural economy and cooperative was first developed.
The colonial
administration in Nigeria started to organized cocoa farmers for the
improvement of the products and for the purpose of obtaining higher prices for
their produce consequently a report was prepared in 1934 on the need to
establish a cooperative society in the country. In February 1936, the
cooperative movement was officially launched in Nigeria, when the legislative
council passed the cooperative societies ordinance.
From the above, one
can say that the history of cooperative societies came to Nigeria fairly long
time. At present, many types of cooperative are existing in Nigeria. They are
as follows: agricultural produce, marketing societies, consumer’s cooperative
societies. Some of these societies exist in Orhionmwon Local Government are of
Edo State. It is very important to note that there is one area in which
cooperative societies have played a term endours role, which is the
establishment of a cooperative, school where auditors and inspectors are being
trained to audit and inspect the activities of various cooperative societies to
avoid fraud misappropriation of maladministration.
1.2
PURPOSE OF THE PROBLEMS
a.
What are the hindrances to the prospect of cooperative society in Orhionmwon
Local Government Area?
b.
What is the contribution of people in Orhionmwon Local government towards
cooperative society?
c.
What determine the extent of cooperative growth in orhionmwon Local Government
Area and the various types of cooperative societies?
d.
What are the solution to the problems of cooperative societies in the economic
development of Orhionmwon Local Government.
1.3
OBJECTIVE OF THE STUDY
The objectives of this study are as
follows:
a.
To define and trace the origin of cooperative societies in orhionmwon Local
Government Area of Edo State.
b.
To recognize the constraints and the possible solution of cooperative societies
in orhionmwon Local Government Area of Edo State.
c.
To identify the different types of cooperative societies in Orhionmwon Local
Government Area of Edo State.
1.4
SCOPE OF STUDY
This study is limited
to Orhionmwon Local Government Area of Edo State. It examples cooperative
societies in Orhionmwon Local Government Area from 2004 to the present
date.
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