CHAPTER ONE
INTRODUCTION
1.1 BACKGROUND OF THE STUDY
Co-operative is an autonomous association of persons united voluntarily to meet their common economic, social and cultural needs and aspirations through a joint owned and democratically controlled enterprise. Organizing a viable co-operative society enables the society to last long and function effectively and efficiently. Co-operative itself started from creation. In fact, co-operative is as old as man. One Igbo-man has a proverb which buttress this more, “when a man is in difficulty, he seeks for help from another but when animal is, she cannot turn to another.”
In organization a viable co-operative society, there are (10) Ten steps which one must or have to follow before its/her society will be viable. These very (10) Ten steps are short listed in the Nigerian Co-operative Society’s Decree of 1993. By Osita Obodoechi on the Cobwebs of Co-operation, 2002, P; 2.
1.2 THEORITICAL FOUNDATION OF THE STUDY
During the colonial days, the seed of Co-operation was sown but it could only grow slowly. At this point, co-operative were restricted to serve only the interest of the paymaster (the white man). Co-operatives, then, were not allowed to grow or expand to the hinterlands.
In Nigeria, the first hint on co-operative emergency occurred during the 1st world war. This Co-operative, which happen to be a consumer was modeled along the Rochdale of England, home of the colonialist. This earliest co-operative society existed to reform out consumer goods which was very scarce during the world war. Soon after the war ended, the consumer co-operative died a natural death. It is said that there are many co-operatives in Enugu state which has encountered natural death due to one problem or the other.
Thus, any co-operative society that is viable will not experience natural death. But can only shake not death. This problem might be due to lack of adequate management, fraud, lack of training, lack of truthfulness (uncelleurity), not following the appropriate steps, etc. However, co-operatives ought to be viable mother to carry-out her obligation effectively and efficiently.
1.3 PURPOSE OF THE STUDY
Co-operative Society is a dynamic and viable business set-up, it has unique ideologies that under bind the movement and distinguishes them from other form of business. However, it should be viable in order to carry her duties and responsibility very effective and efficiently. The purpose of the study are as follows:
To create a sound form or ways or steps of organizing a viable co-operative society.
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