CHAPTER ONE
1.0 INTRODUCTION
1.1BACKGROUND OF THE STUDY
Cooperation is a behavioral pattern that lubricates that relationship between man and guarantees the success of any joints human venture or product. Its virtues are trust, confidence and well feeling. cooperation society is a business organization that functions using the tenancy of cooperation in its practices. Those tenancies of cooperation are the Principles of cooperative.
Co-operative societies as a form of business organization carries about when people with common interests unit themselves into a group, financed and controlled by them for the purpose of achieving heir goals.
In Nigeria co-operative have been in existence for a long period of time. This is understandable because most communities in Nigeria and Africa in general had series of associations.
These organization have the following objectives
– Construction of rural roads and bridges
– Communal farming and building of houses through collective power
– Local contribution of funds for helping members (ISUSU).