Co-Operatives’ Power And SMEs’ Business Growth

Cooperative society emerged as a consequence of industrial revolution which led to multiplication of industrial activities. The revolution also led to the emergence of  industrialist and labour classes of  the society to cater for the exploitation of industrialists on labour and other weaker sections of the society.
This concept has the motto, ‘each for all and all for each’ and ‘self- help through mutual aid’.
The Nigerian Cooperative Society Law was enacted in 1935 following the report submitted by C. F. Strickland in 1934 to the then British colonial administration.
In this week’s Small and Medium Enterprises (SMEs) edition, The Tide went to town to find out the impact of co-operatives on businesses.
Excerpts;