The united nations general assembly declared 2012 as the international year of cooperatives and thus acknowledges their worldwide impact on economic and social development. Food defense corps, nigeria is a cooperative society established to empower youth to learn various agricultural pratices. This is best achieved through development planning, which can be described as the countrys collection of strategies mapped out by the government. Ogunnaike, olaleke oluseye and ogbari mercy stock market, financial reforrr. The first attempts to create different types of cooperative society in nigeria were aimed at the peasants. Key economic issues, recent trends, and potential for development in this paper, we examine major trends and potential for cooperatives in the context of four prominent socioeconomic issues. A structured survey was conducted on a random sample of 105 farmers. Towards 2020, inclusive growth for the cooperative movement, means diversifying the sources of economic growth and opportunity in a way that promotes higher productivity, and the transition to sustainable development. The paper also attempts to investigate the effects of cooperative societies to the economic development of nigeria. List of nigeria agricultural cooperatives societies. Contributions of savings and credit cooperative society on. The role of cooperative societies in economic development.
Assesment of the contribution of cooperative societies in the development of the youth. The first and foremost objective of cooperative society is to remove the middlemen in different fields, who take away the gains that should have gone to the real beneficiaries. The role of cooperative organizations in rural community. Pdf this paper examined the contributions of cooperative societies to economic development in kogi state, nigeria. Cooperatives and the sustainable development goals a contribution to the post2015 development debate. The contribution of cooperatives to the sustainable. To official of the society as a standard of internal evaluation and control performance in cooperative societies. Stakeholders perception of cooperative societies as a. 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.
Nelson mandela nigeria is africas most populous country with an estimated population of about 150 million and a land mass of 923,768 square. Nigeria is an agrobased economy, and it is only natural that agricultural cooperatives should precede any other type of business enterprise in the country. Nigerian journal of cooperative economics and management in this issue analysis of the effectiveness of cooperative society as a tool for satisfying human needs. National development plans in nigeria we have had series of development plans in nigeria. The impact of cooperative society on capital formation. The paper is a descriptive survey, which involves the collection of data for the purpose of describing the role of cooperative societies in economic development. Meaning of cooperative education and objectives cooperative education as occupational oriented learning could be viewed from different angles based on purpose and disposition of the writer.
The aim is to investigate the ways in which cooperatives can act as agents towards sustainable community development. Cda cooperative development agency ccul cape credit union league cipro companies and intellectual property registration office cipc companies and intellectual property commission cis cooperative incentive scheme copac cooperative and policy alternative centre cosatu congress of south african trade unions. Cooperative marketing societies and its challenges. Get new cooperative economics project ideas or search for related cooperative economics projects using our search box for nd, hnd, bsc, msc, pgd, phd. The paper is a descriptive survey, which involves the collection of data for the. For further development of cooperative society in nigeria, in order to redress the daily exploitation, which people suffer at hard of profit earning middlemen during the capitalist system. Cooperative economics project topics and materials projectng. Iyc, highlighting the contribution of cooperatives to socio. Read the problems and prospects of cooperative societies in nigeria. The role of cooperative in economic development of nigeria abstract this research project is a very crucial study designed ot find out the role of co operative in economic development have been contributed both educationally and economically towards the development of akwa ibom state and also to find out if they made any achievement through their qualified and. 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. It make people to be lazy and led to fictions life of white colar job seeking that is none existence. The effect of cooperative professionals in national development.
List of cooperative society providers in nigeria vconnect. Nigeria labour cooperative society is a cooperative society established by law providing poverty alleviation. The aim of this paper is to examine the social and economic impact of cooperative societies in nigeria and to. It make people to be lazy and led to fictions life of.
For instance, agbo and chidebelu 2010 assessed the extent to which cooperative societies had access to the special intervention fund administered by the nigerian agricultural cooperative and rural development bank nacrdb ltd. Contributions of cooperative societies to economic development in kogi state, nigeria article pdf available in indian journal of economics and business 42. Related topics economic impact of cooperative societies on small scale impact of cooperative societies in the development of national economy a case of i. Department of agricultural economics and extension services, faculty of agriculture. Problems and prospects of agricultural cooperative towards economic development a case study of oruwest l. Uganda 1946 and in nigeria dates back to 19511953 mbwana and.
The role of cooperative societies in economic development by. Functionality of cooperative business education in. Adeyemi and aremu 5 add that smes are also a means of poverty reduction at low cost, a means of developing 217 3rd international conference on african development issues cuicadi 2016 issn. It is for this that the theme for this development strategy 20172020 is inclusive growth. Pdf contributions of cooperative societies to economic. The aim of this paper is to examine the social and economic impact of cooperative societies in nigeria and to investigate into their origin, history, formation and development. Also to be examined is their impact in our rural communities, especially in the grass root, urban and national development. The study determines the role of farmers cooperative societies in rural development in okrika local government area lga in rivers state, nigeria. Almost 90% of the respondents were members of farmers cooperative societies, with the highest participation 61% registered in fishermen cooperatives. Nigeria agricultural cooperative and rural development bank limited is located at abuja. This paper examined the contributions of cooperative societies to economic development in kogi state, nigeria.
Cooperative societies started in 1844 by the rochdate equitable pioneers. Although cooperative societies in nigeria have impacted significantly on encouraging commercial activities, savings mobilization, communal development and contributing generally to economic growth, they fill the gap created by the absence of marketing and inadequate capital or funds from the surplus. The role of cooperative society on economic development of edo state abstract cooperative societies started in 1844 by the rochdate equitable pioneers. In nigeria where the cooperative development is generally a state affairs, cooperatives are organized on three structures based on geographical locations namely village or town level primary cooperatives state or regional level secondary cooperative, national level. The role of cooperative societies in rural development. List of cooperative economics project topics in pdf and word.
Assessment of the contribution of cooperative societies in. Cooperative organizations serves as an effective community development vehicle by their nature they build economic self reliance and civil society. A case study of selected cooperative societies in dunukofia local government area, anambra state, nigeria. Cooperatives are an almost universal form of organization today found in practically all countries and used by people in many ways. Oil revenue has brought more pain to the state than gain. See the types of cooperative societies, problems, prospects as well a recommendations. Nigerian agricultural cooperatives and rural development. Development 1999 said that cooperative societies are all organizations. The role of cooperative societies in economic development abstract this paper examines the role of cooperative societies in economic development.
Causes and remedy money wont create success, the freedom to make it will. Contributions of cooperative societies to economic development. So, its not a surprise that through time the theory of cooperative society found its second life on the territory of future nigeria and west africa in general. The commissioner shall be responsible for the growth and development of cooperative societies by providing such services as may be required by co. Find list of best cooperative society in nigeria with their name, address, contact phone number and other information on vconnect. Cooperative marketing societies and its challenges for. History of cooperative society in nigeria and west africa. Raising economic status of the poor the most basic aim of a cooperative society is to raise the standard of living of the poor. This paper examines the role of cooperative societies in economic development. The cooperatives are formed to secure low cost credit, to purchase supplies and equipment for farming and household needs, to market products, even to secure many services, like electric power.
Sustainability is recognized as one of the five pillars of the international cooperative alliances ica blueprint for a cooperative decade, which aims to. World history of cooperative societies began in the 18th century. Okoli eucharia department of cooperative economics and management, faculty of management science, nnamdi azikiwe university, awka, anambra state. Evidence from ogun state, nigeria abstract the study assess the roles played by cooperative societies savings and loans services on members economic condition, standard of living and in meeting participants financial needs in rural locations where there is no bank nor other. For example, agrarian cooperative society in the city of ibadan 1904, the cooperation of growers agege 1907, and the association of farmers, egba 1910.
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