Business plan cooperative society in nigeria

It s the back bone of any co-operative effort. The categories of disadvantage they target may include physical and mental disability, drug and alcohol addiction, developmental disorders and problems with the law.

A form is issued to the members to fill in their details and return while a name search is made to ascertain availability. The micro-enterprises then combine to form one multi-activity enterprise whose members provide a mutually supportive environment for each other.

Group equity or zero-equity housing cooperatives do not allow members to own equity in their residences and often have rental agreements well below market rates. G Haig was appointed as a registrar of co-operatives in Nigeria to be able to undertake these responsibilities, he was sent abroad to understudy the Indian co-operative movement and law.

Types of cooperative society in Nigeria

In this case, the members of the cooperative are businesses rather than individuals. West, East, North and South.

It is also increasing the welfare and productivity of low income earners of the rural people. Since, there common factor between India and Nigeria starting from the Nature of population Agriculture is base on production and lending in developing countries irrespective of continents of Asia and Africa more than 5 countries have agreed on mutual collaboration of socio-economic development.

Sequentially, it passes through several stages. Four copies of proposed by-laws of the Society. These co-ops are locally owned and operated and provides the free rental of equipments of all kinds bicycles, sports, gear.

A worker cooperative, therefore, has the characteristic that the majority of its workforce owns shares, and the majority of shares are owned by the workforce. He also explain further that grouping co-operative societies in Nigeria under the following headings marketing and supply co-operative societies, thrift and credit co-operative societies consumer co-operative, Artisenal co-operative, Multi-purpose co-operative societies and housing co-operative societies etc.

Members of a building cooperative in Britain known as a self-build housing cooperative pool resources to build housing, normally using a high proportion of their own labor. The top largest cooperatives were listed in by the International Co-operative Alliance.

Cooperative

The content of this article is intended to provide a general guide to the subject matter. Before I commence the article of today, which is on the history of cooperative societies, let me digress a bit into the major challenges of an entrepreneur.

The application must also be accompanied by three copies of the by-laws of the proposed society. This type of cooperatives is the most popular among Nigerians.

In this case, the members of the cooperative are businesses rather than individuals. This is necessary to ensure that the societies were running to accordance with the stipulations of co-operative laws and regulation.

They do not include other factors of disadvantage such as unemployment, race, sexual orientation or abuse. In summary, we would like to provide the following key findings and suggestions, according to the scientific studies.

How to Register a Cooperative Society in Nigeria

In order for a group to be registered as Cooperative Society, members must satisfy the following conditions; A Member must be at least fifteen 15 years of age and above; The Board members should be at least eighteen 18 years of age; Every member must have a common need with other members of the society; Every member must be in an occupation relevant to the primary Society; A member must be capable of paying fees and buying shares.

Membership is open, meaning that anyone who satisfies certain non-discriminatory conditions may join.

Strickland as the head and gave him a reference: In India, there is a form of workers' cooperative which insists on compulsory membership for all employees and compulsory employment for all members.

Potential advantages and disadvantages of cooperative society in Nigeria are as follows: Since, the inception of co-operative in Nigeria, Government had been play role on development and spread of co-operative societies.

Cooperative

In a productive primary society, the minimum is six in a secondary society, the minimum is 5 registered primary societies NCSD 3 3. More people are paying attention to cooperation, seeing in it the possibility of surviving despite the difficult economic situation.

You will also learn more about the existing types of cooperative society in Nigeria. In places like the UK, common ownership indivisible collective ownership was popular in the s. Members of a building cooperative in Britain known as a self-build housing cooperative pool resources to build housing, normally using a high proportion of their own labor.

Market-rate co-ops are very common in New York City. This letter gives the cooperative approval to operate as a cooperative society for 3 years. They do not include other factors of disadvantage such as unemployment, race, sexual orientation or abuse. The categories of disadvantage they target may include physical and mental disability, drug and alcohol addiction, developmental disorders and problems with the law.A plan helps you state the objectives, rules and regulations, benefits, registration fee, penalty on contribution defaulting, how the money will circle round every member and lots more that is important in running a cooperative society.

A Cooperative Society according to The International Cooperative Alliance (I.C.A) is defined as “an autonomous association of persons united voluntarily to meet their economic, social and cultural needs and aspirations through jointly owned and democratically controlled enterprise.”.

Small Scale Business in Nigeria, a bedrock to the Nigerian Economy,The Impact of Small Business on SMEDAN, Small and Medium Enterprises Development Agency of NIgeria, MSME Development in NIgeria, MSME Development, Micro Small and Medium Scale Enterprises, Small Scale Businesses, How to Start A Small Business, Challenges of Small Businesses in.

The NNPC Port Harcourt Cooperative, Thrift and Credit Society, has risen in the past four years to be the most profound in terms of creativity, ingenuity and business growth ever known in that. Foretis Multipurpose Cooperative Society Limited, Abuja, Nigeria. likes. A Microfinance Institution with the sole aim of empowering the active poor.

Development of Co-Operatives in Nigeria. This will help the student who what know the backgrownd of the existing cooperative societies in nigeria.

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Business plan cooperative society in nigeria
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