Eguria

ESSENTIALS OF CO-OPERATIVE SOCIETIES CHAPTER ONE THE MEANING AND DEVELOPMENTAL STAGES OF CO-OPERATIVES IN NIGERIA 1.0             CHAPTER’ OBJECTIVE After reading through this Chapter the student would be able to: i.                     Understand the meaning of Co-operative. ii.                   Know the Co-operative structure in Nigeria. iii.                 Know how government has contributed to the development of Co-operative movement in Nigeria. iv.                Know the stages of Co-operative Development. 1.      The Meaning of Co-operative Co-operative is the voluntary coming together of individuals with similar interest with the aim or achieving a common economic goal, in order to actualize this economic goal, each member makes equitable contribution to the     required capital and accepts a fair share of the benefits and risks of the business. The activities of this business is democratically, controlled. By this, it means members are free