Challenges and Prospects of Agricultural Cooperative Societies in Nigeria
1Brai M.A, 2Ehiomogue P, 3Eriakha E.C., & 4Okoduwa O. J.
1Department of Sciences, National Institute of Construction Technology (NICT), Uromi Edo State
2Department of Agricultural Engineering, Michael Okpara University, Umudike
3Department of Agricultural and Bio-Environmental Engineering, Auchi Polytechnic, Auchi
4Department of Surveying and Geoinformatics, National Institute of Construction Technology, Uromi
Email: maxcellusng6@gmail.com
ABSTRACT
This paper looked at the challenges and prospects of Agricultural Cooperatives in Nigeria. The objective of the study is to find out the explanation of cooperative societies, types, importance, advantages, disadvantages of cooperative, and the roles played by co operative society in the economic development of Nigeria. Farmers who belong to cooperative society can often get inputs against liens over produce for sale through the society. The marginal savings rate of the poor, when viewed from a holistic perspective are not small; this high volume of savings from the poor who usually constitute the target group of credit co-operatives can be encouraged and efficiently mobilized for the benefit of the individuals by encouraging agricultural expansion, the co-operative and the entire economy.
Keywords: Cooperative, enterprises, challenges, consumers, association
