THE ROLE OF CO-OPERATIVE SOCIETY AS A VALUABLE INSTRUMENT FOR POVERTY ALLEVIATION AND DEVELOPMENT OF NIGERIA ECONOMY (A CASE STUDY OF AGUATA LOCAL GOVERNMENT AREA OF ANAMBRA STATE)

THE ROLE OF CO-OPERATIVE SOCIETY AS A VALUABLE INSTRUMENT FOR POVERTY ALLEVIATION AND DEVELOPMENT OF NIGERIA ECONOMY (A CASE STUDY OF AGUATA LOCAL GOVERNMENT AREA OF ANAMBRA STATE)

Poverty, ‘state of being poor’ is ripping deep inside South Africa, some part of Asia and Africa which Nigeria is not an exception. This is reflected in the countries low level of her per capital income. When about seventy percent of Nigerians are living in a rural areas there is an urgent need to introduce co-operative societies as a valuable instrument for our economic development as well as to alleviate the high level of poverty in the country.

Co-operative which involves coming together of persons pulling their resources together because they have the same common felt need and to form a business enterprise which will help in solving their socio-economic problems and as well be the owner of the society. These may be inform of consumer co-operative society, Agricultural, credit, marketing, industrial, housing, production-promotion co-operatives, etc

Co-operative societies differ from other business in the manner in which surplus earning are distributed to members. The surpluses are shared equitably to the customers or owners of the co-operative society ie in proportion to their patronage and not in proportion to their capital involvement’s. Co-operatives are owned and controlled by members on a democratic basis. Which make them to be self-employed and have something for investment? These help the social and economic well being their-by reducing the poverty rate and helps in developing Nigeria economy.

TABLE OF CONTENTS

CHAPTER ONE

Introduction                                                                                      1

1.1     Background of study                                                               1

1.2     Statement of the problem                                                                  4

1.3     Objectives of the study                                                        5

1.4     Significance of the study                                                                   7

1.5     Scopes and limitations of the study                                        8

1.6     Definition of terms                                                                            9

CHAPTER TWO

Review of related literature                                                               11

CHAPTER THREE

Research design and methodology                                                    26

3.1     Research population                                                               26

3.2     Determination of simple size                                                   27

3.3     Source of data                                                                         27

CHAPTER FOUR

Data Analysis and Presentation                                                                 28

CHAPTER FIVE

Summary of finding, recommendation and conclusion                     41

5.1     Summary of findings                                                               41

5.2     Recommendation

5.3     Conclusion                                                                              45

Bibliography                                                                           47

Questionnaire                                                                          50

THE ROLE OF CO-OPERATIVE SOCIETY AS A VALUABLE INSTRUMENT FOR POVERTY ALLEVIATION AND DEVELOPMENT OF NIGERIA ECONOMY (A CASE STUDY OF AGUATA LOCAL GOVERNMENT AREA OF ANAMBRA STATE)