Project Materials

ECONOMICS

IMPORTANCE OF STUDYING CO-OPERATIVE LAWS AND RULES

IMPORTANCE OF STUDYING CO-OPERATIVE LAWS AND RULES

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IMPORTANCE OF STUDYING CO-OPERATIVE LAWS AND RULES

ABSTRACT
This research focuses on critically examining the origins, reasons, importance, and challenges affecting cooperative laws and rules. It focused on several aspects of co-operative laws and norms, as well as their importance to the co-operative’s growth.

This law was passed to signal the government’s endorsement of cooperative societies as a desirable manner of doing business for Nigerians in general, but especially those in need.

Its primary goal is to provide people with self-help opportunities in the social, cultural, and economic realms. The government recognises the importance of the International Co-operative Alliance (I C A) in establishing and enunciating the principles by which cooperatives around the world might best achieve their aims while maintaining their unique co-operative circle.

This law is intended to formalise and enforce those concepts. As a result, the government aims to use the Cooperative Act to legally recognise cooperatives and promote and exist them so that they can operate successfully. All of the sections in this project were compiled from the Eastern Nigeria Co-operative Societies Decree 1993.

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