THE BOOK – COOPERATIVE BUSINESS MODEL: The Basic Elements You Need to Know
This latest attempt by Victor Oyegoke to present an introductory literature to the cooperative business model in Nigeria is a welcome effort as it encapsulates the nitty gritty of the cooperative philosophy in one handy book.
Cooperative business is serious business… right from the traditional form to the repacked model introduced by the colonial administration and the emerging formats in the world today; surely, the world is going virtual and so must cooperators!
Publication like this is gradually filling up the yarning gap in the dearth of local literatures on cooperatives in Nigeria. The paucity of statistics coupled with the failure of the cooperative movement to publicize its activities had not portrayed the movement in its rightful perspective.
This book delved into Cooperative Fieldwork, in order for Cooperative Members, Leaders and Managers to understand and appreciate the multifarious nature and extent of the duties carried out by the Regulators; explaining briefly the legal roles of the Director of Cooperative Services being the Chief Regulator in a state with his duties in Cooperative Promotion, Education, Registration, Inspection, Audit, and Advisory services. The author touched on Cooperative Arbitration, Inquiry and liquidation; while looking into the vexing issue of loan administration among thrift and credit societies he highlights steps to be taken in setting up cooperative societies in Nigeria.
I am sure possessing, and reading, a copy of Cooperative Business Model: The basic elements you need to know is a big plus to all serious minded cooperator or would-be cooperative leader/manager and to all interested in knowing more about an alternative business model complimenting the efforts at self-help.
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