THE ECONOMIC IMPORTANCE OF COOPERATIVE SOCIETIES IN A MODERN ECONOMY:
A CASE STUDY OF COOPERATIVE SOCIETIES IN OVIA NORTH EAST LOCAL GOVERNMENT AREA
This research was focused on the economic importance of cooperative societies in a modern economy a case study of cooperative societies in Ovia North East Local Government Area of Edo State the study consists of five chapters. One was on the background to the study, however the significance of the study was highlighted in addition to the problem by the researcher in the course of investigation. Chapter two focuses on the review of related literature. Chapter three was on methodology area considered under this section are population sampling procedures. Validity and reliability of questionnaires. Administration of questionnaire and method of data analysis chapter four was denoted to data analyses the researcher adopted the use of frequency and percentage to analyze the data collected by means of questionnaire on the final note was chapter five which was summary, conclusion and recommendations.
TABLE OF CONTENT
Since the turn of the state of economic emphasis has shifted from the literary arts to the modern economic development Johnbull (2009) said that the role of cooperative society in economic development, the aims is to examine the ways in which cooperative can act as agents towards sustainable community development mostly in Ovia North East Local Government Area of Edo State. This study is a descriptive survey which involves the collection of statistics for the purpose of describing the role of cooperative societies in economic development. This study posit that for over one hundred and sixty years on cooperatives have been an effective way for people to exert control over their economic livelihoods as they play an increasingly important role in facilitating job creation, economics growth and social development.
The economic importance of cooperative societies in a modern economy the branch always supports all the society activities which are reflected in the form of services and benefits for its shareholders and the area residents thus revealing true nature as to achieving and added value to the society through its contributions in the economic development efforts, furthermore, Al-Kamali (2000) stressed that the Al-Qasr branch is constantly in constant with various clients segments in the area and works on reinforcing relationship and field of cooperation in order to service the area resident, whether through the cooperative society or other body’s the project investigate the effective and successful, cooperative must achieve two interrelated goals, enhances viability and improve ability to service its members and retain an economically viable innovative and competitive, enterprise. In most industrial countries like United State of America and United Kingdom the problems of cooperative are very acute and this problem retards the growth of the economy of these nations it is therefore necessary for government to employ the quality comparative experts in government establishment.
This study intends to highlights the economic importance of cooperative societies in a modern economy a case study of cooperative societies in Ovia North East Local Government Area of Edo State.
In the course of the study, the researcher will attempt to achieve the following objective; to analyze the possible solution to the problem that may affect cooperative societies in a modern economy.
This study can be clearly understood when the purpose of the study and its concern is taken into consideration this research is being carried out for the purpose of importance of cooperative societies in modern economy in Ovia North East Local Government Area.
For the purpose of this study Ovia North East Local Government Area in Edo State of Nigeria has been selected as case study. It is especially concerned with the importance of cooperative societies in a modern economy, this study involve man, woman and children in the selected locality in Edo State.
Some of the research question on the importance of cooperative societies in a modern economy a case study of cooperative societies in Ovia North East Local Government Area are as follows;
Cooperative Societies: Supportive organization that have one objective to achieve.
Modern Economy: Contemporary financial system.
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