ABSTRACT
This research work studied an Assessment of Co-operative
Societies in the Economic Development of Nigeria. This research focuses on the
role played by the Co-operative Societies in the development of the Nigerian
Economy.
The chapters are divided into five. The first chapter is
the historical background of the study, the statement of the problem, the
objectives of the study, research questions and scope of the study.
The second chapter is the literature review. The concept
of cooperative society and economic development were examined. The
relationship between these two concepts were critically analyzed with respect
to Lagos State.
In chapter three of the research work, the research
design and source of data that was analyzed were stated.
In chapter four, the analyses of data collected were
tested using the descriptive analysis. The policy implications that could be
drawn from the findings were given.
The last chapter, which is the chapter five, was divided
into three parts which are summary, conclusion and recommendations.
TABLE OF CONTENTS
Title Page
Certification
Dedication
Acknowledgement
Abstract
Table of Contents
CHAPTER ONE:
INTRODUCTION
1.1 Background
of the Study
1.2 Statement of
the Problem
1.3 Objective of
the Study
1.4 Research
Questions
1.5 Scope of the
Study
1.6 Significance
of the Study
CHAPTER TWO:
LITERATURE REVIEW
2.1 Concept of
Co-operative Society
2.2 Concept of
Economic Development
2.3 Co-operative
Societies and the Economic Development in Nigeria
2.4 Co-operative Societies and the Economic Development in Lagos.
References
CHAPTER THREE:
RESEARCH METHOD
3.1 Research
Design
3.2 Population
and Sample
3.3 Instrumentation
3.4 Restatement
of Research Hypotheses
3.5 Method of
Data Collection
3.6 Method of
Data Analysis
CHAPTER FOUR:
ANALYSIS OF PRESENTATION OF DATA
4.1 Presentation
of Data Analysis
4.2 Testing the
Hypothesis
CHAPTER FIVE:
SUMMARY OF FINDINGS, RECOMMENDATION AND CONCLUSION
5.1 Summary of
Findings
5.2 Recommendations
5.3 Conclusion
5.4 Bibliography
5.5 Appendix 1
CHAPTER ONE
INTRODUCTION
1.1 BACKGROUND
OF THE STUDY
Co-operative movement in the world as a whole including
Nigeria, was actually borne out as a result of the exploitative tendencies of
the landlords, supplier and money lenders on the masses, the extreme weight of
poverty and the widening gap between the rich and the poor (African
Encyclopedia 1974)
It is an organization of people who co-operate to help
each other in various ways. The principal aim being to promote both the
economic side, co-operative may succeed in increasing the prices received by
growers in a given demand situation in a number of ways. Co-operative may in
favourable circumstances reduce the cost of Marketing by doing the job than the
private traders they replace. This might be where the small primary traders
lack the finance and storage facilities to enable them to carry out effectively
the middle man's functions described earlier. The large group of problems by
paying comparatively small financial contribution into central pool may be able
to raise more capital. They may also by pooling their labour, be able to build
storage or processing plant within closer proximity of their farms.
Co-operative' may provide useful channel for propagating
ideas for the improvement of methods cultivation of their membership of peasant
farmers. They may also help to improve the product marketed by encouraging
production of a more standardized products or more effective grading of the
product.
They may also be useful channel through which loans to
farmers may be made.
In case of Thrift and Credit Society, the co-operative
can help in the provision of facilities for regular thrift savings by member
without such savings being removed from their control and creation of funds to
be lent to its members at far responsible rate of interest for provident or
productive purpose.
However, political reasons have also contributed to the
encouragement of co-operatives. Another reason is the desire to promote
indigenous African Middlemen. This was certainly the predominant motive behind
the encouragement of co-operatives by the colonial government adopting the
paternal attitude towards the encouragement of African enterprise. They found
themselves generally more successful with these than the promotion of
individual African entrepreneurs. This was also the chief motive of the Nigeria
procedures themselves, who saw collective action through the co-operative, the
achievement is still "Far-fetched". Owing to some predicament
confronting the societies.
These are:
1.
Inherent weakness
in Management
2.
The reluctance of
members to pay very high subscription and their reluctance to pay very well in
advance. This means that co-operative are often at a disadvantage with the
traders they are competing with through "Lack of Capital".
3.
The problem of
maintaining loyalty among its members; however, in spite of all these entire
predicaments, cooperative societies through their various contributions have
provided that, it has a very important role to play in the economic development
of Nigeria.
1.2 STATEMENT OF
THE PROBLEM
A co-operative society consists of a group of people,
organization e.t.c. joined together for mutual benefits. It requires the making
of sound decision by its members for continued operation. Hoover and McLay
(1977).
In 1935, when modern co-operative ordinance started in
Nigeria, a lot of societies have been born, but they do not stand the test of
time owing' to their structural deficits. Oludimu and Awolahi Bello (1996)
poor' capital to grant credit and employed qualified personnel, poor
management, poor supervision by co-operative department, poor capital to
develop real estate, provide engineering infrastructure, employ professionals
and ignorance of the concept of co-operative enterprise by members.
Hence this study tends to access their impact in the
economic development of Nigeria.
1.3 OBJECTIVE OF
THE STUDY
The objective of this study includes:
1.
Examination of the
major types of co-operative society in Lagos State
2.
Review of the role
of the co-operative societies in the economic development of Lagos State.
3.
An assessment of
the level of development contribution of co-operative societies to the economic
development of Lagos State.
1.4 RESEARCH QUESTIONS
The research will answer the following question.
Ho1: What effect does
co-operative society has on the savings attitude of Lagos State co-operation
workers?
H02: Has a
Co-operative society influence the investment habit of Lagos State co-operative
workers?
H03: Has the standard of living of Lagosians been
alleviated through co-operative societies?
1.5 RESEARCH
HYPOTHESIS
To guide the research, the following hypotheses are
formulated:
H1: The establishment of co-operative societies
has a positive effect on Savings habit of members in Lagos State.
Ho: The establishment of co-operative societies
has no positive effect on Savings habit of members in Lagos State.
H1: The establishment of co-operative societies
does improve the welfare standard of the people living in Lagos State.
Ho: The establishment of co-operative societies
does not improve the welfare standard of the people living in Lagos State.
1.6 SCOPE OF THE STUDY
This study is concentrating on co-operative societies in
Lagos State. The role will take different forms in relation to welfare of the
self-reliance trade, savings and rural development.
Specifically the role of co-operative societies in the
said area will cover the period from 1991 and 1998. Development will adequately
examine to see whether there is any positive correlation between members of
registered societies, membership, savings, loan, shares and reserves.
This study examines the five basic types of co-operative
societies in Lagos State. They are:
i.
Co-operative Thrift
and Credit Society (CTCS).
ii.
Co-operative
Agricultural Multi-purpose Society (AMS)
iii.
Family Economic
Advancement Programme (FEAP)
iv.
Fisherman
Co-operative Society (FCS)
v.
Consumer's
Co-operative Society (CCS)
1.7 SIGNIFICANCE
OF THE STUDY
The importance of this study is to proof to the entire
populace and to all that will stimuli across this research work that
co-operative society has the positive effect on their savings attitude of the
people which will lead to investment, which will eventually lead to the
upliftment of the standard of living of the people.
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