ABSTRACT
This research is on appraisal of the impact of
co-operatives business towards industrial workers. A case study of ANAMMCO
multi-purpose co-operatives society ltd Enugu.
In other words, it is designed to find out how the existence of co-operative
society has been of economic benefit to industrial workers at ANAMMCO in Emene,
Enugu.
Primary and
secondary data for the study were collected and analyzed using oral interview,
structured questionnaire and presented in tables using percentages.
Analysis of
data collected revealed that ANAMMCO multi-purpose co-operative society has
been of great benefits to it’s members. Through the co-operative, members
obtain loans at low interest rates to meet up with their needs, buy goods at
cheaper prices from the bulk purchase made by the association, save part of
their income through the association, have a share in the profits generated by
the co-operatives and get necessary encouragement in other self- help projects.
Management do not interfere with the activities of the co-operative society. It however, suggested that proper education training should be given to members and non-members by the appropriate authorities. This will help to create necessary awareness, and ensure the contained existence of the co-operative with the attraction of more members.
TABLE OF CONTENTS
Title page……………………………………………………………………………..i
Certification………………………………………………………………………….ii
Dedication…………………………………………………………………………..iii
Acknowledgement……………………………………………………………..iv
Abstract……………………………………………………………………………….v
Table of content………………………………………………………………….vi
CHAPTER
ONE
Introduction………………………………………………………………1
Background of the study………………………………………….1-4
Statement of problem………………………………………………4-5
Objective of the study……………………………………………..5-6
Statement of hypothesis………………………………………….6-7
Significance of the study……………………………………………7
Scope of the study……………………………………………………7-8
Limitation of the study………………………………………………8-9
Definition of terms……………………………………………………9-12
CHAPTER
TWO
Review of related literature ……………………………………….13
The meaning of co-operative society………………………..13-17
History of the first co-operatives society…………………..17-18
Objectives and plans of this society (Rochdale Equitable pioneers) …..8-20
The principles of this society (Rochdale pioneers)…..20-22
Co-operative values ………………………………………………….22-27
Historical background of workers co-operative movement in Nigeria …………………………………………………………………..27-31
Types of co-operatives………………………………………………31-35
Economic social and other benefits of cooperative society…………………………………………………………………………35-38
Historical background of ANAMMCO EMENE, ENUGU.38-40
CHAPTER
THREE
Research design and methodology……………………………..41
Research design …………………………………………………………..41
population of study………………………………………………………41
Sample size…………………………………………………………………..41
Method of data collection………………………………………42-43
Methods of data analysis………………………………………43-44
CHAPTER
FOUR
Data Presentation and Analysis…………………………………45
Data Presentation ……………………………………………………..45
Data Analysis…………………………………………………………46-56
Test of hypothesis…………………………………………………56-61
CHAPTER
FIVE
Summary, Recommendations and Conclusion ……….62
Summary…………………………………………………………………..62
Recommendation……………………………………………………63-64
Conclusion…………………………………………………………………..65
Bibliography……………………………………………………………66-67
Appendix…………………………………………………………………68-70
CHAPTER ONE
- INTRODUTION
- BACKGROUND
OF THE STUDY
The modern co-operative movement being in England during
the first part of the 19th century. There were many years of
experimentation, and many failed attempts, before successful cooperative was
established. The turning point came in 1844, when the first successful
cooperative called the Rochdale society of
equitable pioneer, was established in Rochdale City,
an individual town close to Manchester.
Okonkwo (1989,6) describe the
cooperatives movement as “an invention
of necessity originating from the evils of the industrial revolution” the
device exploited by the suffering working classes of the industrial revolution
to alleviate their pitiable condition.
It is a fact that the Rochdale
Pioneers organized their society in the
day of the industrial Revolution 1750 – 1850, when factory owners or
capitalists exploited workers bitterly in order to maximize profits. Workers
retaliated with violence and strikes. Unemployment was high life-wages were
extremely low, often below subsistence level. Wages were so low that child
labour was common, children working to supplement the income of their parents.
Workers had to survive on a weekly wage of six pence. Skilled workers may be
paid two shilling a week. Life was hard that the decade become known as “the
Hungry Forties”.
During this Hungry 40’s shop keepers
on their own part make profits through adulteration of goods they sold.
Workers hired in over crowded shanties under the most
in sanitary conditions. They worked for more than (12) hours a day in ill-ventilated
factory buildings design to look like prison houses and under conditions they were close to slave
labour.
The anti-social effect of the industrial revolution
resulted in widespread poverty and destitution described as “Pauperism”. With
many depending on charity, while others died of malnutrition diseases and
starvation.
In this respect, notable people like
Robert Owen in England,
William King, Charles Fouries, Lonis Blan both of France and Ernest Bader.
These were the great Pioneers of industrial cooperatives in the world. Most of
them were factory owners who formed at capitalism turn their factories into
co-operative organization to enhance the quality and working relationship of
both the employers and employees.
Industrial employees were most at times converted in to
co-operative members and asked establish cooperative communities to fine
together, work together share together, and help one another.
The aim of
these great pioneers was to totally eliminate the exploitation of the workers
by owners of capital and to permit the workers to reap fully the fruits of his
or their labour.
That is why
co-operatives are reap fully the fruit of his or their labour.
That is why
co-operatives are regarded as a weapon to fight capitalism diversify the
economy of a nation.
All over
the world workers are known to have had long history of exploitation. From
their employers and the business as community, under the capitalistic society,
as the saying have it that necessity is the mother of invention workers then
with the motivation of some social reformers.
Notable
Robert Owen (1771-1858) and Dr william king (1786-1865) had no choice other
than to co-operate in order to protect themselves, therefore, co-operative
society can be regarded as the weapon to oppress an economic system.
In the
above basis, co-operative movement was inspired by the following deals which
include self help, self reliance, self independence, eliminates of exploitative
middlemen. Equality, fairness service, justice and equity or economic
relations. Onuoha (1986).
1.2
STATEMENT OF PROBLEM
Workers in
a typical industrial company are often required to carryout routinized work for
a long period.
With the aim of achieving a certain production target everyday. The workers salary are often not regular and some of them may have no other alternative other than to seek for services of extortionist money lenders at cut the root rate of interest just to make ends meet.
Also the
relationship between the workers and the management is more or less official with
little or no room for other personals of the workers. The employees of such an
organization have no choice other than funding a means for better interaction
among themselves.
In this light, it is believed that ANAMMCO being an industrial establishment/manufacturing company the employees must be facing similar problems as portrayed above, if so then they must be contributing significantly to the economic well-being of its members.
THE IMPACT OF CO-OPERATIVE BUSINESS TOWARDS INDUSTRIAL WORKERS. A CASE STUDY OF ANAMMCO MULTI-PURPOSE CO-OPERATIVE SOCIETY LTD. ENUGU
