Problems and prospects of marketing cooperative society in nigeria
A defining point of a cooperative is that the members have a close association with the enterprise as producers or consumers of its products or services, or as its employees.
Types of cooperative society in nigeria
That villager agreed to what the learner said. Sometimes government goes further to put a nominee in the board of management of cooperative. Membership is not always compulsory for employees, but generally only employees can become members either directly as shareholders or indirectly through membership of a trust that owns the company. Material Procurement There was a lot constraints as to getting information and materials for the job. This cooperative society produces goods for the requirements of its members. Dreamers multi-purpose co-operative society, Dhaka. So it is clear that the female participation is lower than the male participation in the co-operatives. Housing Co-operative Society: These societies are formed to provide residential houses to members. The Rochdale Society of Equitable Pioneers, founded in , is usually considered the first successful co-operative enterprise, used as a model for modern co-ops, following the 'Rochdale Principles'. Again in the evening, you can sit together and distribute the money according to your contribution of milk. Financial Constraints The researcher would have obtained more information than what is obtainable here but due to lack of money to visit some of the firms and government agencies located a bit farther from the researcher place of resident.
Co-operative Marketing Society: These societies are formed by small producers and manufacturers who find it difficult to sell their products individually. They leave most of the work to their leaders and just contribute their quota and go.
The government should ensure that the concerned authority is performing their role to develop this sector in giving priority. Of course first you have to deduct all the expenses from the sale proceeds. Limited scale of production becomes the cause of loss.
Most do not know the principles and rules of the cooperative so they create problem for it. On the other hand, the cooperatives cannot hire the services of the experts due to its limited resources. Due to this, the government sometimes directly interferes in the management of the cooperative and also audits their annual accounts.
Cooperative society in nigeria pdf
Members lack experience. There are no 32 outside owners in a "pure" workers' cooperative, only the workers own shares of the business, though hybrid forms in which consumers, community members or capitalist investors also own some shares are not uncommon. Housing Co-operative Society: These societies are formed to provide residential houses to members. The main objective is to provide support to the members. Personality and community clashes: Internal quarrels and rivalries among members is another limitation of cooperatives. Throughout the second half of the nineteenth century and then repeatedly every 20 years or so there has been a surge in the number of cooperative organisations, both in commercial practice and civil society, operating to advance democracy and universal suffrage as a political principle. Insufficient capital: The amount of capital that a cooperative can raise from its members is very limited because the membership is generally confined to a particular section of the society. The analysis has been done on collected primary data in methodological way to meet up the objectives which shown some problems of cooperative societies in Bangladesh and the study ended with some recommendations to exploit the best prospects in this sector. Due to this, the government sometimes directly interferes in the management of the cooperative and also audits their annual accounts.
based on 95 review