Cooperative marketing societies and its challenges. Cooperative societies in the development discourse of ibadan, southwestern nigeria. Documents needed to register a cooperative society in nigeria. Uniprojects aim of providing this origin and development of cooperative societies in nigeria project research material is to reduce the stress of moving from one school library to another. Its address shall be cod church road, off kigali ayorinde street, dideolu estate,victoria island lagos 2. Strickland in 1934 to the then british colonial administration on the possibility of introducing cooperatives into nigeria. The registration of corporative societies in nigeria is effected at the designated cooperative society ministry in various states. Appointment of federal director of cooperatives, etc. Cooperatives societies in nigeria like their counterparts all over the world are formed to meet peoples mutual needs.
Cooperative organizationssocieties emerged as self help entities to combat. These societies are formed to provide financial support to the members. Cooperative marketing societies and its challenges for. Cooperatives, potential users, organizational skills, steering committee and market analysis. The main object of cooperative society is to serve its members rather than to earn profits. The cooperative movement began in europe in the 19th century, primarily in britain and france. Nigeria is the most populous country in sub saharan africa and is also termed the. Nigeria has an agricultural economy and cooperative was first developed. Origin and development of cooperative societies in nigeria project material. Olajide bashorun disclosed this on wednesday at a news conference to commemorate the 2015 international day of. Assessment of the contribution of cooperative societies in the. Cooperative societies are governed by the nigerian cooperative societies act which provide for the registration of cooperative societies. The law means the cooperative societies law chapter c15 of the laws of lagos state of nigeria 2003.
The areas of operation of the society shall be within nigeria. To register a cooperative society in nigeria some vital information should first be on ground. A potential source of capital formation and employment article pdf available in african journal of business management 514. 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. There are no harsh rules and the good news is, anybody can start a cooperative society in nigeria and not be afraid of any government body interrupting the cooperative. Officers 3 commissioner, deputy commissioners, and other officers part iii. Pdf on jul 1, 2000, rotimi gbadeyan and others published problems and prospects of cooperative societies in nigeria. A cooperative society is a voluntary association of individuals, united by common bond, who have come together to pursue their economic goals for their own benefits. Performance of fishery cooperative societies in rivers state nigeria aguaguiyi f. How to start a cooperative society in nigeria next nigerian.
In effect, the structure of society in 1990 was the result of these two processeshistorical, locational, and ethnic on the one hand and socioeconomic on the other. Dg4 1umudike 2 fadama enugu 3unizik awka 4portharcout abstract. Get free research paper on assessment of the role of cooperative in poverty alleviation in nigeriaproject topics and materials in nigeria. Challenges to women involvement in nigeria s development fapohunda, tinuke, m. Ministry of community development and cooperatives ogun. Words importing the singular shall include the plural and vice versa and the words importing one gender shall include the other gender. Establishing a successful and enduring cooperative society. F strickland a cooperating expert, who for three months december 1933 to march 1934 investigated the possibility of introducing a cooperative system into nigeria.
Participation of women in cooperative in nigeria edustore. Nigerian agricultural cooperatives and rural development. Be that as it may, this work aimed at xraying the place of nongovernmental organizations ngos in conflict and peace. Pdf cooperative societies in the development discourse. The first attempts to create different types of cooperative society in nigeria were aimed at the peasants.
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. Over time, the issue of procurement of loan either for business setup or for other financial purposes continue to advances in a rate that is unimaginable, whereas loan and cooperative society starts as a household idea which later expanded even to a cooperative society that is generally recognized and sometimes financed by the government. Many people have heard about them, but only few understand them and the immense opportunities they offer. Nigeria labour cooperative society is a cooperative society established by law providing poverty alleviation shelter for all, mass housing, financial inclusion for the poor etc. Assessment of the contribution of cooperative societies in. List of nigeria agricultural cooperatives societies. Nongovernmental organizations ngos, conflict and peace.
Nigerian labour cooperative society, abuja, nigeria. Membership of the society is open to all persons genuinely interested and committed to the promotion of historical scholarship in general and nigerian history. Study of selected cooperative societies in dunukofia local government area. A concise analysis in theory and applications, ilorin, unilorin press, 1988 p. Get free research paper on factors affecting the performance of cooperative societies in nigeria project topics and materials in nigeria.
Article pdf available december 2014 with 3,311 reads how we measure reads. Lagos captures 2,523 cooperative society in database p. This research work was undertaken to access and highlight on the aspect of financing cooperative societies in enugu state precisely in igbo etiti local government area. Mass media and society in nigeria is part of the efforts to address the dearth of relevant materials. The objectives of the study were to examine the role of cooperative in youth development in udi local government area, to ascertain the level of youth economic empowerment. A copy of the certificate of the resolution passed at the cooperative society s first meeting with the province cooperative officer pco.
This study is therefore an appraisal of the performance of agricultural cooperative in the. Preliminary 1 short title and commencement 2 interpretation part ii. Cooperative societies are governed by the nigerian cooperative societies act that provides for the registration of cooperative societies. List of cooperative society providers in nigeria vconnect. A cooperative society may be registered with limited or unlimited liability. Cooperatives have the capacity to reduce poverty, enhance job creation, encourage savings, reduce business risk and improve national productivity.
The area of operations of the society shall be within the ifo and ewekoro local government and i all words and expressions used in these bye laws and defined in section 2 of the cooperative society law cap 26 of ogun state of nigeria law of 1978 shall have the meaning assigned to them in the above named section. The capital does not get any special treatment over human being in cooperation. The history of modern cooperative society in nigeria dates back to 1933 when the government of nigeria arranged for an inspection to be carried out by m. The government decried that out of the about 16,000 cooperative societies operating in the state, only 2,523 societies had come forward to have their database captured. Problems and prospects of cooperative societies in nigeria.
Over time, the issue of procurement of loan either for business setup or for other financial purposes continue to advances in a rate that is unimaginable, whereas loan and cooperative society starts as a household idea which later expanded even to a cooperative society that is generally recognized and. Financing of cooperative societies in nigeria project. The director means the director of cooperative services, lagos state. Nigeria farmers group and cooperative society news latest. Munich personal repec archive assessment of the contribution of cooperative societies in the development of the youth. Abstract this paper looked at the challenges and prospects of financing agricultural cooperatives in nigeria. Nigerian cooperative societies act nigerias leading. Nigerian cooperative societies act an act to provide for the registration and operation of cooperative societies throughout the federation and for related purposes. This sixteenthchapter book, with contributions by some of the best professionals, specialistss and academics in the field, covers various aspects of the mass communication landscapes in nigeria, especially the growth and development of the media. Permanent secretary, ministry of agriculture and cooperatives, dr. Cooperative societies are organizations that are made up of people who have come together to contribute their resources for their common benefit. A cooperative society is an autonomous association of persons united voluntarily to meet their common economic, social and cultural needs and aspirations through a jointlyowned. World history of cooperative societies began in the 18th century. 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.
Democratic management the cooperative society follows the cardinal principle of democracy i. By 1863 more than 400 british cooperative associations, modelled after the rochdale society, were in operation. Coopeast is a cooperative society registered with the directorate of cooperatives, rivers state ministry of commerce, providing thrift and loan services to its members who are employees of shell companies in nigeria. Role of cooperativesocieties in community development in sokoto metropolis, sokoto state, nigeria. To encourage regular savings amongst members, so that each member may cultivate the habit of making savings at least once in every month, with. Civil society and democratic consolidation in nigeria. Cooperative marketing societies and its challenges for sustainable. The impact of cooperative society on capital formation. The founding fathers include distinguished scholars like kenneth o. This research work is channel towards exposing the problem facing the management and survival of cooperative society. The objectives of the society are to promote the economic interest of its members and especially. Relevance of cooperative societies to the nigerian economy a.
Helms 2005 on the other hand defines cooperative society as an association of persons who have voluntarily joined together to have a common end through the formation of a democratically controlled enterprise, making equitable contribution to the capital required and accepting a fair share of the risk and benefit of the undertaking in which. The society accepts deposits from members and grants them loans at reasonable rates of interest in times of need. 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 surpluseconomicunits and urban areas. The paper therefore, advocates for cooperative marketing and establishment of a cooperative boardagency, improved returns on shares, democratic and transparent leadership for cooperative societies to be able to impact significantly on the society for sustainable. The role of cooperative societies in economic development. The birth of a new order martin uadiale department of international studies and diplomacy benson idahosa university, benin city, edo state, nigeria email. 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. Cooperatives society and youth development a case study. Read the problems and prospects of cooperative societies in nigeria. Origin and development of cooperative societies in nigeria.
The impact of cooperative society on capital formation a case study of temidere co operative and thrift society, ijebu ode, ogun state, nigeria with the proliferation of cooperative societies in nigeria today and the concept of self employment voluntarily organized, operating at cost which is owned. The study examined the cooperative society and youth development a study of selected cooperative society in udi l. Munich personal repec archive the role of cooperative societies in economic development ahmad bello, dogarawa ahmadu bello university, zaria nigeria 2005 online at mpra paper no. Soc 106 structure of the nigerian society 2 units the study and description of indigenous nigerian society as it moves toward political independence from british ruledomination. Mass media and society in nigeria lai oso, umaru pate.
There is a discernible pattern of cooperative development in african and asian countries, which were former colonies of europe, nigeria is no exception. This study examined the meaning of cooperative societies, types, formation, roles played by cooperative societies in the economic development of nigeria, the. The importance, effect, causes, relationship, comparison, history, role, solutions are discussed. History of cooperative society in nigeria and west africa. Problems and prospects of cooperative society in nigeria scribd. Legal way to register a cooperative society in nigeria 2020. Membership rules terms of admission, entrance fees, etc.
Appointment of federal directors of cooperatives, etc. Food defense corps, nigeria is a cooperative society established to empower youth to learn various agricultural pratices. In nigeria the latter contact referred primarily to occupation, ruralurban residence, and formal education. Abstract since nigeria returned to democratic governance in may 29, 1999, civil society. Nigerian cooperative societies act arrangement of sections part i registration of cooperative societies section 1. Pdf problems and prospects of cooperative societies in nigeria. A cooperative society may also be registered as an industrial cooperative society, or as a primary or secondary cooperative society. Find list of best cooperative society in nigeria with their name, address, contact phone number and other information on vconnect. In nigeria fishery subsector accounts for about 40% of animal protein in the.
Instead, once the outburst was over, older linkages reasserted themselves. For the purpose of this study, the financial management and survival of cooperative society in nigeria with respect to yaba college of technology as a case study is studied and examined. Societies which may be registered i a society may be registered as a cooperative society under this act if a it is a limited liability society. See the types of cooperative societies, problems, prospects as well a recommendations.
The aim is to investigate the ways in which cooperatives can act as agents towards sustainable community development. Society bylaws four copies feasibility study report on how the society operates. The ministry also supervises the management of two 2 institutions which are affiliated to olabisi onabanjo university, agoiwoye. Problems and prospects of cooperative society in nigeria free download as word doc. A case study of selected cooperative societies in dunuko. The successful example of cooperative business provided by the rochdale society, which also established between 1850 and 1855 a flourmill, a shoe factory, and a textile plant, was quickly emulated throughout the country.
The industrial revolution and the increasing mechanism of the economy transformed society. This is approved for students in accountancy, business, computer science, economics, engineering, arts. It also organizes capacity building workshops for community. The shore porters society claims to be one of the worlds first cooperatives, being established in aberdeen in 1498 although it has since demutualized to become a private partnership. For example, agrarian cooperative society in the city of ibadan 1904, the cooperation of growers agege 1907, and the association of farmers, egba 1910. The nigeria farmers group and cooperative society nfgcs has called for collaboration between federal, states and local governments in a bid to increase production capacity across the country. It is a professional training institution that specializes in the training of social workers at the certificate and diploma levels. The paper is a descriptive survey, which involves the collection of data for the purpose of describing the role of cooperative societies.