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MANAGING A CO-OPERATIVE SOCIETY AS SMALL BUSINESS VENTURE

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ABSTRACT

Co-operative society was introduced into Nigeria in 1935.The objective include the pooling of sources together to achieve common goal and the substances of rural economy through marking fund available to the enterprising rural populace.

However, members have been too much reluctant over the service offered to them by these co-operative societies, especially in Oji-River local Government Area of Enugu state.

There is need to ensure effective and efficient management system in order to realize the aspirations of its member, for this reason, management system of Oji-River cooperative supermarket and the full participation of its members constituted the core of this research work. The research dealt with preliminary studies and statement of the problems, purposes, scope and significance of the study were properly treated.

Furthermore, history of co-operative movement in Nigeria, importance of co-operative movement in rural development was covered. The research used both questionnaire and face to face interview method in data collection

In addition, the research highlighted problems and prospects as it concerns to co-operative education, marketing and production some of the problems besetting effective management system of co-operative supermarket Oji-River, not only emanated from their functional constraints and lack of orientation and massive education of member and staff but all due to poor accountability by the leaders, with respect to fund handling.

CHAPTER ONE

INTRODUCTION

Cooperative movement is by and large a product of the altered socio-economic condition brought about by industrialization and a better farming economy in many of the advanced countries as well as the developing countries. Cooperative movement is designed to bring independent persons together for the betterment of their economic condition.

Cooperative I one or the other, have been used for effective in one form or the other labour, combination of Agro-industrialization development programme with the aim of promoting more egalitarian distribution of economic growth in all communities. Hence, the slogan “ self help through mutual help” by cooperators.

The government of a country has been helping in the formation of cooperative societies, since it is a way to improve the economic as well as the standard of living of the populace; Greater emphasis has been laid on rural development and self dependency and sufficient in food production.

In Oji-River Local Government Area Enugu State and in Nigeria as a whole, Urbanization for instance is taking place at a rap rate owing to a variety of such factor as Immigrations growth of industrialization and high rate of population increase. These rapid Urbanization bring in it’s wake several problems for industrial workers and other fixed income earners who also have to compete for commodities.


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