ABSTRACT
This study finds out the Causes of the
Ineffectiveness of the Cooperative Sector in Developing the Economy. The design
chosen for this study is the survey design. This is a design in which a group
of people or items are studied by collecting and analyzing data from people or
items considered to be representatives of the entire group. The total
population used of the two societies is 290 members and the sample size is 203.
Research questions what are the causes of the ineffectiveness of the
cooperative sector in developing the economy. The data was presented using
table constructed in rows and columns. Research finding show that cooperative
sector if well organized and managed will provide the platform for economic
growth and development of any economy in the world and the strategies of business
activities adopted by cooperative sector is quite effective improving the
socio-economic condition of its members. It was recommended among other that
government should improve its participation toward cooperative development in
Nigeria. Various policies and effort should be put in place that could mobilize
the public to join the cooperative movement.
TABLE
OF CONTENS
Title Page . . . . . . . . . . i
Declaration . . . . . . . . . . ii
Approval . . . . . . . . . . iii
Dedication . . . . . . . . . . iv
Acknowledgement . . . . . . . . v
Abstract . . . . . . . . . . vi
CHAPTER
ONE: INTRODUCTION
1.1 Background
of the Study . . . . . . 1
1.2 Statement
of the Problems . . . . . . 4
1.3 Objectives
of the Study . . . . . . . 4
1.4 Research
Question . . . . . . 5
1.6 Significance
of the Study . . . . . . 6
1.7 Scope
and Delimitation . . . . . . . 8
1.8 Definition
of Terms . . . . . . . 8
CHAPTER
TWO: LITERATURE REVIEW
2.1 Introduction . . . . . . . . 10
2.2 Concept
of Cooperative Society . . . . . 10
2.3 Concept
of Economic Growth and Development . .
14
2.4 The
Causes of the Ineffectiveness of the Cooperative Sector in
Developing the Economy . . . . . . 17
2.5 The
Efficacy of the Activities of Cooperative Sector in
Development the
Economy . . . . . . 21
2.6 Problems
that Militate Against the Efficacy of the Activities of
the Cooperative
Societies . . . . . .
23
2.7 Summary
of the Literature Review . . . . . 24
2.8 Reasons
why Employee Stay in an Organization though
Poorly Motivated . . . . . . . . 26
2.9 Summary
of the Review . . . . . .
28
CHAPTER
THREE: RESEARCH METHODOLOGY
3.1 Introduction . . . . . . . . 28
3.2 Research
Design . . . . . . . . 28
3.3 Population
of the Study . . . . . .
28
3.4 Sample
Size and Sampling Procedures . . . .
29
3.5 Research
Instrument . . . . . . . 30
3.6 Methods
of Data Presentation and Statistical Analysis . 31
3.7 Limitation
of the Study . . . . . . . 32
CHAPTER
FOUR: DATA PRESENTATION AND ANALYSIS
4.1 Introduction . . . . . . . . 33
4.2 Respondents
Bio Data . . . . . . .
33
4.3 Data
Analysis Based on Research Questions . . . 35
4.4 Summary
Findings . . . . . . . 39
4.5 Discussion
of Findings . . . . . . . 39
CHAPTER
FIVE: SUMMARY, CONCLUSION AND
RECOMMENDATIONS
5.1 Introduction . . . . . . . . 41
5.2 Summary . . . . . . . . .
41
5.2 Conclusion . . . . . . . . .
43
5.3 Recommendations . . . . . . .
43
References
CHAPTER
ONE
INTRODUCTION
1.1
Background
of the Study
There
are many definitions of cooperatives but for the purpose of this research work.
We define Cooperatives, I.C.A. (1995) as “An autonomous association of persons
united voluntarily to meet their common economic, social, and cultural needs
and aspirations through a jointly owned and democratically controlled
enterprise. While Babcolle, H. B. said “A corporative is a legal, practical
means by which a group of self selected persons seek to improve their economic
position in a competitive society”.
From
the above definitions one would note that cooperative is a business organization
established by the economically weak member of the society with the sole aim of
improving their economic circumstances.
However
economic development does not connote a general increased in the output of
goods and services. It is a means of improving the condition of work and living
standard of majority of the people. The main objectives that economic
development should promote a greater sense of confidence and self-reliance in
the economy. Thus economic development is therefore a process in which the
problems of poverty, deprivation as well as human degradation is being eliminated
or minimized. This means that economic development must seek to transform the
society and its people to a better status. Hence this calls for a conscious
effort on the part of the authority and people themselves.
The
cooperative business was initially established to fight against profits and
exploitation. It aimed at transferring economic power to the members who
established the business. This is evidence by the fact that in developed
countries likes Germany, Britain, Sweden, Norway, Denmark and Israel. The
cooperative sectors played a vital role in socio economic transformation of
their people.
Given
these considerations therefore, the government as well as the general public
are required and called upon to give support to the cooperative sector. This is
necessary because the cooperatives could be able to improve the socio economic
circumstances of the members and also reduce poverty in the society by creating
employment and improving productivity. This paves ways for economic growth and
development.
The
idea of CABS Investment and Credit Cooperative Society (Ltd) Kaduna Polytechnic
was initiated by Mr. J. J. Buden in May 2005. And by January 2006, the society
was fully registered with Kaduna State Government certificate number KDS7030.
Membership of the society was ninety-five (95) in December 2006, and rose to
195 members in May 2010. Previously the total assets valued at N10.925m but rose up to N47, 670,000 in June 2010.
CABS
Investment and Credit Cooperative Society Ltd was established with the aim of
advancing and protecting the common economic, social and cultural needs and
aspiration of its members, with a specific mission of encouraging and promoting
in its members the habits of saving and investment that would be beneficial to
them even after their active services.
1.2
Statement
of the Problem
The
cooperative business was initially established to fight against profit and
exploitation. It aimed at transferring economic power to its members who
established the business. This is evidence by the fact that in developed
countries like United State of America, Germany, Britain Sweden, Israel, Demark
and Norway the cooperative sector played a vital role in socio economic
transformation of their people. However, the cooperatives sector is not
performing up to expectation in most under developed countries like Nigeria.
This is the problem of this study.
1.3
Objectives
of the Study
1.
To find out the causes of the
ineffectiveness of the cooperative sectors in developing the economy.
2.
To examine the efficacy of
the activities of the cooperative sector in developing the economy
3.
To find out the problems that
causes ineffectiveness of the cooperative sectors in developing the economy.
4.
To provide solutions and
suggestions to the problems that causes ineffectiveness of the cooperative
sector in developing the economy.
1.4
Research
Question
1-
What are the causes of the ineffectiveness
of the cooperative sector in developing the economy?
2-
What is the efficacy of the
activities of the cooperative sector in developing the economy?
3-
What are the problems that
cause ineffectiveness of the cooperative sector in developing the economy?
4-
What are the solutions and
suggestions to the problems that cause ineffectiveness of the cooperative
sector in developing the economy.
1.5
Significance
of the Study
This
study examines the causes of the ineffectiveness of the cooperative sector in
developing the economy.
The
significance of a study of this magnitude cannot be overemphasized. The
Government Cooperative Department, Cooperative Societies, business organization
involved in cooperatives activities are well as students and other researchers will
benefit from the findings of this research work.
The
findings will serve as a basis for formulation and implementation of policies
related to cooperative business for the Government Cooperative Department and
other Organization that are involved in cooperative venture. Furthermore,
members of the general public who are interested in cooperative will use the
result of this study as a booster to the formation of new societies or becoming
members of existing societies. It will also help members of cooperative society
in decision making for the interest of their society.
Finally,
this research work is of scholarly importance to students and other researchers
in the same area of study and it will also serve as a spring board or reference
material for other scholars in their own research work.
1.6
Scope
and Delimitation
This
study examines the causes of the ineffectiveness of cooperative sector in
developing the economy. An examination of how the activity of the cooperative
sector affects the development of the economy. The study equally covers an
in-depth examination of the possible problems that causes the ineffectiveness
of the cooperative sector. The study is restricted to KRPC Multipurpose
Cooperative Society Ltd in Kaduna South local government and CABS Investment
and Credit Cooperative Society Ltd Kaduna Polytechnic.
1.8 Definition of Terms
Aspiration: Strong desire to have or do something.
Business: The activity of buying and selling of
goods and services.
Cooperative: Working together with others toward a shared
aim.
Credit: An arrangement that you borrow
money from some one.
Cultural: The customs, norms, or belief of a
particular group of persons.
Democracy: A fair an equal treatment of every one in
an organization.
Development: The gradual growth of something so that it
becomes stronger and more advanced.
Economic: The activity of trade, industry, and
development of wealth of a country or society.
Enterprise: A business or company.
Investment: The act of buying property or share in
order to make profit.
Members: A person that belongs to a particular
society or group.
Multipurpose: Able to be use for several different purposes.
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