THE ROLE OF COOPERATIVE SOCIETY ON ECONOMIC DEVELOPMENT OF EDO STATE (A CASE STUDY OF ORHIONMWON LOCAL GOVERNMENT AREA)
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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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