Historical development of cooperative in Nigeria?

Answer 1

morden co-operative started in the days of early men,those days,men where living in caves. It was very difficult for man to live,one of the things that made it difficult where wild animals,this days those days they don,t have matches

Answer 2

The history of the cooperative society in Nigeria is that it started when people decided to come together to contribute money in order to meet their immediate and future needs. The cooperative society in Nigeria practiced in the spirit of friendship and trust within a community.

Answer 3

SOLUTIONS TO THE PROBLEMS OF COOPERATIVE SOCIETIES

Registration with government can solve the problem of large cooperative societies.

Strict supervision of loan takers can solve the problem of members' noncompliance with loans rules;

Request for guarantors and collateral securities can reduce the rate of loan defaults;

Employment of well trained accountant as secretary can solve the problem of Poor Book-Keeping;

Payment of Administrative Charges can solve the problem of Difficulty of how to allocate Over-Head Costs;

Training and retraining of leaders can solve the problem of Inexperience leaders;

Incorporation of rich and fairly rich people into cooperative societies can solve the problem of Congress of poor people only;

Regular meetings among members of many cooperative societies and sponsoring of bills at local, state and national assemblies can solve the problem of little or no say in policy formulation of governments;

Creation of separate Committee for Business and another committee for Loans can solve the problem of Risk of mixing trading with banking;

Training and retraining of members can solve the problem of Inadequate skill of portfolio management;

Ratification of executive decisions at the floor of general house can reduce the problem of Existence of cabals; etc.

Aids. Grants and Financial Assistance from corporate bodies, NGOs and government can reduce the problem of small size of loans

ACCOMPLISHMENTS OF COOPERATIVE SOCIETIES

They complement conventional banking services.

Sustaining themselves despite the little encouragement from governments, corporate bodies and NGOs.

Establishment of cooperative ministries by government,

Continuous and sustainable economic development of members,

Universal suffrages; and

Rule of law, therefore develops economic democracy.

PROSPECTS OF COOPERATIVE SOCIETIES

They can become banks, at least microfinance..

They can remain or exist for ever

They are useful instruments for poverty alleviation programmes..

They can formulate and implement interest free financial services.

They can grow to influence public policies.

Answer 4

the history of cooperative in Nigeria

Answer 5

Tell me the answer

Answer 6

Yeah