CO-OPERATIVE AS A SOLID GROWTH DRIVER TOWARDS ECONOMIC DEVELOPMENT OF ENUGU STATE A CASE STUDY OF SELECTED CO-OPERATIVE SOCIETIES IN UDI LOCAL GOVERNMENT AREA OF ENUGU STATE

ABSTRACT

Academic work is time consuming and costly since ages. Generations to come con not know what their predecessors know without research into the area. The importance of cooperative society towards Nigeria economy cannot be overemphasized. This societies are needed for the economic growth especially in rural areas where there is no or low development and also to urban too. Analysis has been shown that cooperative societies have contributed creditable to the development in the sense that raw materials needed by our Local industries can be produced totally by cooperative society especially the multi-purpose cooperative society instead of being imported (raw materials) from abroad. This research work therefore, studies the contributions of cooperative society to the economic development of our economy. Fact about this contribution are extracted from textbooks, articles, diaries, lecturer notes and both local and foreign website. A glimpse at the various chapter of this work tend to explain the contribution cooperative societies have made so far. This project is divided into five chapters firstly, it gives an insight to introduction, background of the study from 1.0-19, chapter one enhances our purpose of the study. Chapter two deals with literature review, the literature has to do with the examination of the study previously done in relation to methodology, which means any effort to verify to basic information, i.e. data collection, population and sample, research design, sample  techniques and data analysis techniques, there are also ways of sourcing data, the primary source and secondary source. Chapter four dwells on presentation and analysis of data, this chapter deals with the presentation of data collected from questionnaires together with analysis and interpretation of findings. Chapter five involves all summary, conclusions and recommendation from the data collected and analysis made.  

TABLE OF CONTENTS

Title page –      –      –      –      –      –      –      –      –      i

Approval page –      –      –      –      –      –      –      –      ii

Dedication      –      –      –      –      –      –      –      –      iii

Acknowledgement  –      –      –      –      –      –      –      iv

Abstract  –      –      –      –      –      –      –      –      –      v

Table of Contents          –      –      –      –      –      –      vi-viii

CHAPTER ONE

1.0  Introduction    –      –      –      –      –      –      –      1-2

1.1  Background of the study        –      –      –      –      –      2-3

1.2  Statement of the problem      –      –      –      –      3-5

1.3  Objectives of the study          –      –      –      –      –      5

1.4  Research Question         –      –      –      –      –      –      6

1.5  Statement of the Hypothesis  –      –      –      –      6-7

1.6  Significance of the study        –      –      –      –      7-8

1.7  Scope of the study                –      –      –      –      8

1.8  Limitation of the study   –      –      –      –      –      9-10

1.9  Definition of terms         –      –      –      –      –      –      10-13

CHAPTER TWO

2.0  Literature Review    –      –      –      –      –      –      14-22

2.1  Meaning of co-operative as a legal entity             –      22-32

2.2  History of co-operative in Nigeria   –      –      –      32-34

2.3  Measuring the economic Impact of co-operative   34-38

2.4  Membership of Enugu Federation   –      –      –      38-39

2.5  Functions of Enugu State Co-operative Federation    39-46

2.6  Problems of Co-operative in Nigeria      –      –      46-51

CHAPTER THREE

3.0  Research Design and Methodology –      –      –      52

3.1  Introduction    –      –      –      –      –      –      –      52

3.2  Research Design     –      –      –      –      –      –      53

3.3  Sources/Method of Data Collection        –      –      54-55

3.4  Population and Sample Size          –      –      –      56-57

3.5   Sample Techniques        –      –      –      –      –      57

3.6  Validity and Reliability of Measuring Instruments  57-58

3.7  Method of Data Analysis –      –      –      –      –      58-59

CHAPTER FOUR

4.0  Presentation and Analysis of data  –      –      –      60

4.1  Introduction    –      –      –      –      –      –      –      60

4.2  Presentation of Data      –      –      –      –      –      60-62

4.3  Analysis of Data     –      –      –      –      –      –      62-72

4.4  Test of Hypothesis  –      –      –      –      –      –      72-76

4.5  Interpretation of Result  –      –      –      –      –      76-77

CHAPTER FIVE

5.0  Summary of Findings, Conclusion and Recommendation 78

5.1  Introductions  –      –      –      –      –      –      –      78

5.2  Summary       –      –      –      –      –      –      –      78-79

5.3  Conclusion      –      –      –      –      –      –      –      80-81

5.4  Recommendation    –      –      –      –      –      –      81-83

       Bibliography           –      –      –      –      –      –      84

       Appendix        –      –      –      –      –      –      –      85

Questionnaire         –      –      –      –      –      –      86-89

CHAPTER ONE

1.0  INTRODUCTION

Co-operative as a business model, are not a new concept in Nigeria. Co-operative act as agent towards sustainable community development. Cooperative act as an important role in community development in the rural, northern and remote communities, they provide a means of addressing many social and economic concerns as youth retention, community identify/spirit and preventing leakage f local money.

A Co-operative is defined by international Co-operative  Alliance statement on the Co-operative identity as an autonomous association of person united voluntarily to meet their common economic, social and cultural needs and aspirations through a jointly owed and democratically controlled enterprise.

It may also be defined as a business owned and controlled equally by the people who use its services or who work at its Co-operative economics.

1.1  BACKGROUND OF THE STUDY

       Co-operative society is a society formed by a group of persons who have voluntarily agreed to come and pull their resources together to finance and control for their economic benefit (Ozuitem and Mbanasor 2009).

       In light from the foregoing, co-operative organization are business organizations that invest much concern on its member’s economic well being through contributory efforts with the aim of achieving a set goal. (Mbansor 2005).

       Co-operative Society contributed to the society’s economic development in so many ways. It is also center where Government operates its activities in alleviating the poverty of member by giving to them loans and also providing equipment to work. Co-operative Societies has rules and regulations that governs it activities like any other business to irrespective of their kind of Co-operatives Societies formed. It is democratic in nature where member have the right contest for any post in the society and may wish to employ an external body to conduct election for them.

       In the past, Co-operative Society was in form of community (attributed to Robert Owen) where people contribute what they have for their social well being as a result of the industrial revolution which was one of the ills of the era that brought terrible suffering to the masses. As times proceeds, adjustment and readjustments was made as regarded to its administration and now grown into a full statutory body. Different co-operative societies have come up are employing progress based on strict principle of the organization. (Ozuitem 2008).