Co-Operatives Society and Youth Development (A Case Study of Udi Local Government Area)

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Co-Operatives Society and Youth Development

(A Case Study of Udi Local Government Area)

Abstract:

The study examined the co-operative society and youth development (a study of selected co-operative society in Udi L. G. A.). The objectives of the study were to examine the role of co-operative in youth development in Udi local government area, to ascertain the level of youth economic empowerment through co-operative in Udi LGA to investigate level of youth participation co-operative activities in Udi LGA membership of cooperative societies is voluntary and open to all. It is democratically managed and it has a separate legal existence. The main motive is to provide service to the members as well as to protect the weaker section of the society especially the financially hand capped people and to promote the economic interest of the people. It works on the principle of self-help through co-operation of members. The study showed that a well- run co-operative societies provides a pool of funds from which individuals members especially youths in Udi LGA take loans to meet respective needs. Many co-operative societies make investment in business ventures, stocks or real property which generates returns that could be shared as dividends to members periodically, depending on any surplus that accrues to the funds. Co-operative societies allow what an individual in Udi who cannot do on his own, to be done as a group. Co-operative methods are the most practical to adopt to meet the needs of the mass of people in all spheres of development.

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