CAUSES OF THE INEFFECTIVENESS OF THE COOPERATIVE SECTOR IN DEVELOPING THE ECONOMY (CASE STUDY OF KRPC MULTI PURPOSE COOPERATIVE SOCIETY KADUNA)
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CAUSES OF THE
INEFFECTIVENESS OF THE COOPERATIVE SECTOR IN DEVELOPING THE ECONOMY
(CASE STUDY OF
KRPC MULTI PURPOSE COOPERATIVE SOCIETY KADUNA)
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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