Co-operative society was introduced into Nigeria in 1935.The objective include the pooling of sources together to achieve common goal and the substances of rural economy through marking fund available to the enterprising rural populace. However, members have been too much reluctant over the service offered to them by these co-operative societies, especially in Federal Polytechnic Oko, Anambra State.
There is need to ensure effective and efficient management system in order to realize the aspirations of its member, for this reason, management system of Federal Polytechnic Oko cooperative and the full participation of its
members constituted the core of this research work. The research dealt with preliminary studies and statement of the problems, purposes, scope and significance of the study were properly treated.
Furthermore, history of co-operative movement in Nigeria, importance of co-operative movement in rural development was covered. The research used both questionnaire and face to face interview method in data collection
In addition, the research highlighted problems and prospects as it concerns to co-operative education, marketing and production some of the
problems besetting effective management system of co-operative, Federal Polytechnic Oko, not only emanated from their functional constraints and lack of orientation and massive education of member and staff but all due to poor accountability by the le leaders, with respect to fund handling.
TABLE OF CONTENT
TABLE OF CONTENT——————————————————————VI-VIII
1.1 Background of the Study———————————————————-1-2
1.2 Statement of the Research Problem——————————————–2-3
1.3 Objectives of the Study————————————————————-3
1.4 Research Questions——————————————————————4
1.5 Scope of the Study——————————————————————-4
1.6 Significance of the Study———————————————————– 4-5
1.7 Limitations of the Study————————————————————-5
1.8 Definition of Terms——————————————————————-5-6
2.0 Review of Related Literature————————————————–7
2.1 The Meaning and Definition of cooperative society——————– 7-8
2.2 History of Cooperative Society————————————————8-10
2.3 Types of Cooperative Society————————————————–10-17
2.4 Role of Government in Cooperative Development———————–17-19
2.5 Government Effort and Achievement—————————————-20-21
2.6 Characteristics of Cooperative Society—————————————21-24
2.7 Advantages of Cooperative Society——————————————-24-25
3.0 Research Methodology
3.1 Study Area————————————————————————–26
3.2 Source of Data———————————————————————26
3.4 Method of Data Collection—————————————————– 27
3.5 Method of Data Analysis——————————————————- -27-28
4.0 Data Presentation and Analysis
4.1 Data Presentation—————————————————————–29-33
4.2 Data Analysis———————————————————————–33-35
5.0 Summary and Conclusion
1.1 BACKGROUND OF THE STUDY
Cooperatives are classified as one of the business organizations but operate in a special way different from all other forms of business enterprises. The distributive nature of cooperative provided that they must be owned, used and controlled by their members. In view of this, cooperatives are organized and managed through the system of large or small, multipurpose or single purpose and central or federal. All these systems put together are under direct coordination and supervision of the cooperative federation.
Yahaya, (2001) notes the cooperative federation is an organization where there are basic units at each level that determine on their own initiative. The relationship between the federation which is a higher organ and the secondary societies which are lower organs is that there is a dividing line where the lower organs reserve to themselves certain functions and delegate others to the higher organs. Though the cooperative federation controls the activities of cooperative to ensure efficiency, it has by the affiliated societies since such affiliated societies do not surrender their autonomy to the
In Nigeria where the cooperative development is generally a state affairs, cooperatives are organized on three structures based on geographical locations namely village or town level (primary cooperatives) state or regional
level (secondary cooperative), national level (tertiary cooperatives). In the light of the above, a number of states especially in the northern parts of the country, Kaduna inclusive, the cooperatives activities come under one umbrella known as cooperative federation limited. In some states, particularly the former western and eastern regions, cooperative movement operates under a central organization called cooperative union. However, there are numbers of tertiary cooperative organizations which equally perform central functions and represent Nigeria cooperative movements at international and regional level. These includes cooperative federation of Nigeria (CFN) which is affiliated to international cooperative Alliance (ZCA), National Association of cooperative credit union of Nigeria (NACCUN) which is affiliated to African cooperative credit and savings association (ACOSCA) and world council of credit unions (WOCCUN).
1.2 STATEMENT OF THE RESEARCH PROBLEM
(ICA, 1995), Cooperatives of whatever types are organized to satisfy members, needs, be it economic, social, cultural or political. According to Amahahu (2006), people join cooperative for economic motives in most cases while others join for socialization and emotional motives as well as because of outside pressure. In Anambra state, the Anambra state cooperative society. Like other cooperative society is an apex body concerned mainly with the promotion, administration and legalization of cooperatives through its agency
known as the cooperative department the relevance of the cooperative society has been well documented in available literature (Yahaya, 2001, Ijere, 1975, Chukwu, 1990). It is however, doubtful whether the Federal Polytechnic Oko cooperative society is effectively performing these essential roles as there are obvious lapses in cooperative movement in the state as majority of the primary cooperatives are just clutching to life.
1.3 OBJECTIVES OF THE STUDY
The followings are the key objectives of this study:
1 To assess the immediate factors affecting the performance of cooperatives in Federal Polytechnic Oko.
2 To examine the activities of Federal Polytechnic Oko cooperative society and action plans to promote, organize, coordinate and supervise affiliated societies.
3 To show the level of government commitment towards cooperatives development in Federal Polytechnic Oko.
1.4 RESEARCH QUESTIONS
The following research questions were raised for the purpose of this study: –
1 What are the factors affecting the performance of cooperatives in Federal Polytechnic Oko?
2 What has been the efforts of Federal Polytechnic Oko cooperative society towards the promotion of cooperatives in the Polytechnic?
3 What has been the efforts of the government towards the development of cooperatives in Federal Polytechnic Oko?
1.5 SCOPE OF THE STUDY
The project work is an assessment of the performance of cooperatives in Anambra State but the Federal Polytechnic Oko cooperatives were used as a case study. This study is therefore restricted to Atani campus of the Polytechnic due the distance from the main campus.
1.6 SIGNIFICANCE OF THE STUDY
The study examines the factors affecting the performance of cooperatives in Federal Polytechnic Oko. The significance of this study to the state (government) cooperative societies, cooperatives promoters, individuals and even students cannot to over emphasize.
The result of this research work will help the Polytechnic cooperative Society to be aware of the basic impediment that it has to contend with so that it could be more effective and articulate in its policies, promotional and supervisory activities.
1.7 LIMITATIONS OF THE STUDY
Thus, the main limitation of this study is the sampling techniques. The researcher was able to cover only the main campus of the Polytechnic due to time and financial constraint. Although it is our believe that whatever result obtained from those areas will be generalized. Also the use of non-random sample limits the generalization of the result hence placing a limitation on the results.
1.8 DEFINITION OF TERMS
PUBLIC: Any group that has actually a company to achieve its objectives. Kotter
OPINIONS AND ATTITUDE: Belief of judgment not founded as a complete knowledge. What the people feels, think or believe about something.
IMAGE: Mental picture or idea, view opinion of something such as service or product held by the public.
CO-OPERATIVE: This is an organization of people of common interest whose aim is to cater for their members
SOCIETY: A group of people who meet from time to time to engage in a common interest; an association or organization.
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