Cooperatives Enterprises: A Panacea to Job Creation and Economic Empowerment

Abstract

A cooperative society is an association of persons who have voluntarily joined together to achieve a common end through the formation of a democratically controlled organization, making equitable contributions to the capital required and accepting a fair share of the risks and benefits of the undertaking, in which the members actively participate. the definition draws a clear line between cooperatives and capital-based enterprises, community based organizations and NGOs (although cooperatives and NGOs share certain common characteristics).This paper examine how cooperative could helped in creation of job and empowered our economy if it properly established and managed toward its objectives.

KEYWORDS: Cooperative Societies, Job Creation, Economic Empowerment, Nigeria