Application of universal cooperative principles among cooperatives in Ile Oluji
Cooperative Economics and Management, Federal Polytechnic, Ile Oluji, Ondo State, Nigeria.
Research Article
World Journal of Advanced Research and Reviews, 2023, 19(01), 772–778
Article DOI: 10.30574/wjarr.2023.19.1.1417
Publication history:
Received on 06 June 2023; revised on 12 July 2023; accepted on 15 July 2023
Abstract:
This paper understudied the development of cooperative principles globally and the context of how they are localized among cooperatives in Ile Oluji, Ondo State, Nigeria.
There were no significant variations in the activities of the Cooperatives understudied and the stated ICA 1995 Principles save for “cooperation among cooperatives” and “education, training and information” of the general public about the benefit of cooperatives.
Observations from this study were that although, cooperative societies understudied had their laws tailored to many of the ICA Principles 1995, they have minimal association with secondary and tertiary cooperatives in and outside their local area.
The need for formal education of Staff and Executives of these cooperative societies was recommended. Likewise, the need for cooperatives to intensify information to the public about the benefit of cooperatives.
Keywords:
Principles; Practice; Rochdale; Values; Cooperatives; Cooperation; Universality
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Copyright © 2023 Author(s) retain the copyright of this article. This article is published under the terms of the Creative Commons Attribution Liscense 4.0