STRENGTH AND WEAKNESS OF COOPERATIVE SOCIETIES IN ABIA STATE (A CASE STUDY OF ABIA STATE AGRICULTURAL COOPERATIVE WHOLESALE ASSOCIATION LIMITED ASCWA)

 STRENGTH AND WEAKNESS OF COOPERATIVE SOCIETIES IN ABIA STATE (A CASE STUDY OF ABIA STATE AGRICULTURAL COOPERATIVE WHOLESALE ASSOCIATION LIMITED ASCWA)

CHAPTER ONE

1.0 INTRODUCTION

Abia State is one of the states that was created in August 1991 by General I. B. Babangida. The head of state inherited a total number of 3.758 cooperative societies from Imo State. But this figure increased immensely as a result of individual desires and government encouragement together with the benefit from the formation of cooperative societies.

This cooperative society is formed when a group of people with common interest decide to cooperate, rather than in dealing with a common set of supplier. Cooperative is wide spread and very important to both the members, customers entire public and the government as well as those in marketing, production, distribution etc of good and services at a fair price to those that need them.

Despite the energetic efforts towards the development of the system customers have not yet been fully convinced since it has been known that the aim of private traders is to buy cheap and sell at higher price but are theoretically restrained in the price that can change consumers or the users of their goods because government regulates prices for a whole range of commodities regarded as necessities. Infact ministry seems to regard the elimination of private middlemen as desirable. Cooperatives are set up with government encouragement and guidance goods from given localities and take them to a grouping centre to sell to the public, these goods could be vegetables such as potatoes, meats, onions, beans, rice etc. The various types of cooperative societies in Abia State are farmers, multipurpose cooperative society, Golden Guinea Breweries, Multipurpose Cooperative Society Ltd. Umuahia timber Dealers Multipurpose Cooperative Society Ltd.

1.1 GENERAL OVER VIEW OF THE STUDY

The strength and weakness of cooperative societies can be treated with reference to some of the major tasks of cooperative societies which is to bring to the customers the best quality food and goods at reasonable price. Majority of farmers in Abia State are food crop producers in receptive there is increasing fluctuation in the price and supply of food crops in the state. To determined by the force of demand and supply in the market quality and quantity of these products that enter the market from many producers and indeficit to market their products existed in Nigeria and are designed to produce the living standard of the class during inflation.

 STRENGTH AND WEAKNESS OF COOPERATIVE SOCIETIES IN ABIA STATE (A CASE STUDY OF ABIA STATE AGRICULTURAL COOPERATIVE WHOLESALE ASSOCIATION LIMITED ASCWA)