THE IMPACT OF COOPERATIVE SOCIETY IN EMPOWERING GRASSROOT DEVELOPMENTS
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This report is based on “the Impact of Cooperative Society in empowering grassroots development with One Love Cooperative Society as a case study. The impact of cooperatives society involved the enormous of commitment of community societies. Therefore, this research topic will treat in details in the area of cooperative societies in with theoretical and practical framework. Chapter one gives adequate introduction aspect of the study followed by background of the study, statement of the problem, objectives of the study, significance of the study, scope of the study, operational definition of cooperative societies.Chapter two deals with review of related literature, the concept of cooperatives society, types of cooperative society, the principle of cooperative venture, the role of cooperative society in the empowering people, the success and failure of cooperative society.The chapter three is the channel towards the research methodology and method of data collected. Population and sample method of data analysis. The chapter four deals with presentation of data collected, analysis of data collected and interpretation of data collected. The chapter five is the last chapter, gives the summary of finding discussion, recommendation and conclusion of project.
1.1 BACKGROUND OF THE STUDY
The co-operatives movement in Nigeria dated back to the origin of communal life. Although the early co-operative were not as sophisticated as that of the advanced countries yet they existed and served useful purposes which characterized communal and extended family lives of the people. The beginning of modern cooperatives in Nigeria dated back to 1992 (Famiriyo). During this period cocoa fragmentary aimed at created facilities for the improvement of cocoa processing and also to implement market reform measure. Later such fragmentary were built in other cocoa producing areas of the country. The year 1935 was a remarkable year in the development of Nigeria cooperatives movement as it became formalized and consolidated. The enactment of the first co-operative societies Law in 1935 was as a result of the report of the introduction of co-operative societies into Nigeria submitted on 12th April 1934 by C.F Strickland. The law was fashioned after the co-operative societies law which operated that time in India. From 1952, when the country was divided into three region, each region drew its own co-operative societies law from the original law of 1935, and co-operative matters became exclusive subject and responsibility of the region, the northern, western and eastern region co-operative societies. The registrar of those region became an adviser for short time after the post was scrapped. In 1967, when the country was divided into twelve states, each state had a registrar of co-operative societies. During that period the cooperative division in the ministry to Lagos state. This create vacuum for co-operative division at the federal level. The development of co-operative decree was promulgated in 1974 for the establishment of co-operative division in the federal ministry of Labour and the appointment of a federal registrar. The decree was No. 5 of 1974. In 1967 the co-operative and social development decree No. 38 of 1976 was promulgated transferring the function of the co-operative development division from the federal ministry of labour into a newly created federal ministry of co-operative and supply as a result of austerity measure, the federal ministry of co-operative as supply was abolished and a co-operative division was created in the federal ministry of trade and commerce.
1.2 STATEMENT OF THE PROBLEM
The major problem confronting development countries especially those implementing economic adjustment programme is the threat to economic and social needs. Consequently during the last decade emphasis has been on how to satisfy basic human needs of the urban and rural communities. This salient issue as though is not new to Nigeria, infact it has been fundamental objectives of development which has been clearly spelt out consistently in all the development plans of Nigeria. To achieve an appreciable level of economic self reliance and sustainable development that is the national objectives of Nigeria was today there is little that can be without capital, both in cash and in kind. Thus, the need for the setting up of co-operative societies in the urban and rural communities of Nigeria, primarily to improve the solid economic condition and standard of living of the citizen so as to chance them and improved quality of life
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