Role Of Cooperative Society On Economic Development

Introduction

1.1 Background of the Study

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

• What are the hindrances to the prospect of cooperative society in Orhionmwon Local Government Area?
• What is the contribution of people in Orhionmwon Local government towards cooperative society?
• What determine the extent of cooperative growth in orhionmwon Local Government Area and the various types of cooperative societies?
• 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:

• To define and trace the origin of cooperative societies in orhionmwon Local Government Area of Edo State.
• To recognize the constraints and the possible solution of cooperative societies in orhionmwon Local Government Area of Edo State.
• To identify the different types of cooperative societies in Orhionmwon Local Government Area of Edo State.

1.4 Research Question

This study will be guided by the following question;

• What are the hindrances to the prospect of cooperative society in Orhionmwon Local Government Area?
• What is the contribution of people in Orhionmwon Local government towards cooperative society?
• What determine the extent of cooperative growth in orhionmwon Local Government Area?
• What are the various types of cooperative societiesin orhionmwon Local Government Area?
• What are the solution to the problems of cooperative societies in the economic development of Orhionmwon Local Government.?

1.5 Significance of the Study

The study is important because cooperative society is important in our country and it is important to know the role which cooperative society plays in Orhionmwon Local Government Area of Edo State and the important roles cooperative societies plays to the people in Orhionmwon Local Government Area of Edo State.

Additionally, subsequent researchers will use it as literature review. This means that, other students who may decide to conduct studies in this area will have the opportunity to use this study as available literature that can be subjected to critical review.Invariably, the result of the study contributes immensely to the body of academic knowledge with regards to the role of cooperative society on economic development of Edo State using Orhionmwon Local Government Area as a case study

1.6 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.

1.7 Limitation of the Study

In the course of carrying out this study, the researcher experienced some constraints, which included time constraints, financial constraints, language barriers, and the attitude of the respondents. However, the researcher were able to manage these just to ensure the success of this study.

1.8 Definition of Terms

Society:

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 (social relations) between individuals who share a distinctive “culture” and institutions or given society may be described as the sum total of such relationship among its constituent members. In the “social sciences” a larger society often evinces stratification and or dominance patterns in sub-group.

Cooperative:

A cooperative is a group of people acting together to meet the common needs and aspirations of its members, sharing ownership and making decisions democratically. Cooperative are not about making big profits for shareholders but creating value for customers. This is what gives cooperative a unique character and influence. There are many cooperative businesses around the world, of which the cooperative group is one of the largest.

Economy:

An economy consists of the economic systems of a country or other area, the labour, capital, and land resources and the manufacturing, production, trade, distribution and consumption of goods and services of that area. A given economy is the result of a process that involves its technological evolution, history and social organization as well as its geography, natural resources endowment and ecology, as main factors, these factors give context, content, and set the conditions and parameters in which an economy functions.

Role:

A role or (social role) is a set of connected behaviours, rights, and obligations as conceptualized by actors in social situations. It is an expected or free or continuously changing behaviour and may have a given individuals social status or social position. It is vital to both functionalist and interactions understanding of society.