the impact of co-operative Apex on co-operative development in Anambra state

 

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CHAPTER ONE

 

INTRODUCTION

BACKGROUND OF THE STUDY

The co-operatives is a very broad topic. It is found throughout the whole world. We found in capitalist countries, in socialist countries and sometimes, countries, which are regarded to have what we called mixed economy. They are found in the developing countries or third world countries.

 

The owed co-operative that has come tousled as an adjectival noun is from the verb to co-operate or the noun cooperation. The term co-operation can be used as a generic term covering a wild area of activity in which tow or more people join together whether formally or not formally on abhor on legally or illegally or socially accepted or unaccepted action to archive some aims. Su h action may be selfish in nature or by be the public good or in the interest of those performing the action without it being detrimental to any one else. It also use in narrower sense to mean activity undertaking by co-operatives and other self-help organization.

 

G.J Holyoake, one the foremost British co-operative pioneer, propagandist and author bring out this two meaning succinctly with borders on the definition and charateristics of the co-operative according to Holyoke, co-operative is an organized self help by honest labour and honest trade; the profit been equitably divided among those who created them whether by word of mouth or by brain. That is what we understand as industrial co-operatives.

There is a familiar use of the word co-operation which mean two or more people or thing acting together to produce result as when man and lever gets together to move long or a cat’s paw or employed to pull chestnut form the fire, or as when physician marries the daughter of undertaker with a view to uniting the business. In the cases the log is not consulted, the cats get no chestnuts. The owner is not plundered by the two thief unite and the patient dose not profit by the patient of the pestle and the spade , to the general public, the act of concert equally mean co-operatives. We mean by the word, the co-operation of honest industry with a view for equitable share of the profit and if the laborer and the trader be not honest, the public is cheated and the co-operation will be an organize form of fraud.

 

On the character of a true co-operation, He writes, in the same work that co-operation mean concern for the diffusion of wealth. It leaves no body out who help to produce it. It touches no man fortune, it seeks no plunder, it causes no disturbance in the society, it gives no trouble to statement, it enter no secret association, it needs no trade union to protect its interest. It contemplates no violence, it subverts no order. it loses not dignity . It accepts no guilt or ask for any favour. It keeps no time with the idle and will break no faith with the industrious. It neither mendicant, servile nor offensive, it has its hands in no man’s pocket and dose not mean that any hand shall remain long and comfortable in its own. It means self-help, dependency, as such share of common competence as labour shall earn or thought shall win.

 

According to professor Caselman, co-operation is an economic system with a social context. According to professor Ernest Gruenfeld, a German, a co-operative is an association made up of social weak person endeavoring to archive certain social aim within the framework of and enterprise open to all and based on the rule of solidarity and democracy.

 

Berko, a Ghanian (1987, P.13) define co-operative thus; an association of person with variable membership who have pulled themselves and their resources together on manual or self-help basis to form business organization which seeks to solve the economic problem and socio economic problem of the members by directly providing goods and service to them in their capacity as either he costumers or the employee of the co-operative enterprise. He goes father to mention he ingredient that will contain in a co-operative society.

 

Every one has its own definition of co-operative, but the one which is generally accepted is that of the ICA, that a co-operative society is an association of person who have voluntarily joined together to archive a common end through the formation of democratically controlled organization making equitable contribution to the capital required and accepting a fair share of risk and benefits of the undertaking in which the members actively participate. They are for the common people “ a mechanism for the defense and emancipation to combat the harsh condition brought about by the mercantile economy.

 

The co-operative movement started in the 19^th century during the time of industrial revolution in Britain. The first successful co-operative society. The rochadel Equitable pioneers was founded in 1844 by twenty-eight ideavers.

The origin of co-operative in Anambra can traced to the origin of co-operative I Nigeria. The first attempt of forming a modern co-operative society was initiated at Agege a predominantly coca farming area in Yoruba land.

 

The co-operative movement in Nigeria is about fifty years old. Its history date back to early 1930’s when the British government having successfully introduces co-operatives in India and 1912 tried to bring it into Nigeria. The Nigerian government in 1933 appointed Mr. C.F Strickland to study the possibility of introducing co-operative in Nigeria. Mr. Strickland strongly recommended the introduction of co-operative society into Nigeria and his report submitted in April 1934 forms the corner stone for the introduction of modern co-operative into Nigeria. Mr. Strickland also drafted a proposed ordinance and regulations. His…

 

 

 

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DEBIT RECOVERY TECHNIQUES IN THE BANKING SECTORS ISSUES, PROBLEMS AND PROSPECTS

(A CASE STUDY OF UNION BANK NIG PLC)

 

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ABSTRACT

 

When some banks in the system are distressed, it is in the best interest of the non distressed one that an effective resolution of the distressed it carried out . This is because, the distress in one bank which leads to a loss of confidence in the effected bank can also affected confidence in the entire banking system, the corporation requires enormous amount of money which it does not have at the moment given the age and size of the insurance find.

Bank customers expect their bankers to provide them with loan and advances to make up the short fall in their required find the ability of the bank to maintain profitability depends largely on the extent to which the credit policy and debt recovery techniques is maintained.

Credit control department is the center of banks and as such , they are charged with responsibility of making proper use of the share holders finds of the public at large . The union bank of Nigeria PLC has been chosen for this work.. The study is carried out to examine the debt recovery techniques employed by union bank of Nigeria PLC towards the effective running of the bank as lending attitude and preferring solution as deemed appropriate. The case study method was adopted in carrying out the work and debt were collected from secondary and primary source. Secondary sources information include the use of existing literary coupled with use of some journals and other unpublished manuals were seen to be useful for this work.

Chapter one highlights one the statement of the researches problem, definition of some important terms used for the study, scope, limitation and hypothesis.

Chapter two dealt with relate iterative. It focuses on conceptual and theoretical bed rock upon which bank recovery techniques is built

Chapter three and four dealt on data collection which includes questionnaire analysis, personal interview, analysis as well as testing hypothesis based on response to the questionnaire

Chapter five is the findings, conclusion and recommendation of the researcher.

 

 

CHAPTER ONE

• INTRODUCTION
  • Statement of the problem
  • Purpose of the study
  • Significant of the study
  • Statement of Hypotheses
  • Scope of the study
  • Limitation of the study
  • Definition of terms.
  • Causes of loan delinquency
  •  

 

CHAPTER TWO

REVIEW OF RELATED LITERATURE

2.1     Sources of data, primary data, secondary data

2.2     Population sample size

2.2.1  Description of population

2.2.2  Sample size

2.3     Instrument of data collection Description of Questionnaire

2.4     Data collection methods

2.5     Method of data presentation and analysis

2.6     Method of testing Hypothesis Reference.

 

CHAPTER THREE

3.1     Data presentation and Analysis

3.2     Research Questionnaire Analysis

 CHAPTER FOUR

• Summary of finding , conclusion and Recommendation
• Summary of finding
• Conclusion
• Recommendation

BIBLIOGRAPHY

APPENDIX   (questionnaire)

QUESTIONNAIRE

 

 

 

 

CHAPTER ONE

 

• INTRODUCTION

 

Actually, for every successful business, there must be a debt in the sense that one person or customer must own the owner of a business. Banks are not exempted from this, this due to the activities involved in their operations.

Debts can be accrued as a result of bank over draft, frond and forgeries, borrowing and so on therefore banks recover these debts through the rules and regulations guiding the institution. The lender will explore all the available sources of repayment of the debt. The process of recovery is the cove of the management of bad debt as it is quite an unfriendly exercise carried out by the bank against a default customers to forcefully retrieve the banks money, in recovery of debt, there must be consideration of the security position of the bank, borrowers , ability to pay bank the use of debt collections recover by legal preceding and so on .

               Debt recovery can be described as responsible for the effective and economic planning and regulation of operations of an enterprise in fulfillment of a given purpose or task.

Failed bank recovery debt and financial malpractices defined debt recovery as a means of any loan, advances, credit, accommodation guarantees, or any other facility, together with the interest there on which outstanding and unpaid against a customers of a bank in favour of the bank.

In recovery of debt from the borrower or customers banks do encounter problem between the customers for inability to pay. Besides, improper documentation, credit concentration, poor supervision of the funds can or may consequently make the bank to be unable to meet its obligation.

 

1.1 BACKGROUND OF THE STUDY

The importance of banking in economic system singles out the indus

 

 

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THE  IMPORTANCE OF STUDYING ECONOMICS OF CO-OPERATION AS A QUALIFYING SUBJECT FOR THE AWARD OF O.N. D IN BUSINESS STUDIES

(A CASE STUDY OF INSTITUTE OF MANAGEMENT AND TECHNOLOGY (IMT) CEM DEPARTMENT.)

 

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CHAPTER ONE

• INTRODUCTION

1.1      BACKGROUND OF THE STUDY

• STATEMENT OF THE PROBLEM
• OBJECTIVE OF THE STUDY
• SIGNIFICANCE OF THE STUDY
• SCOPE AND LIMITATION OF THE STUDY
• DEFINITION OF TERMS

 

 

CHAPTER TWO

• LITERATURE REVIEW

2.1      BACKGROUND OF THE  CO-OPERATIVE MOVEMENT

2.2       THE HISTORICAL BACKGROUND OF CO-OPERATIVE

IN NIGERIA.

• MEANING AND SCOPE OF CO-OPERATIVE
• PRINCIPLES OF CO-OPERATIVE
• APPLICATION OF THE PRINCIPLES TO CO-OPERATIVE

BUSINESS ENTERPRISE.

 

CHAPTER THREE

• RESEARCH DESIGN AND METHODOLOGY

3.1      THE SOCIOLOGICAL GROUP

• THE IMPORTANCE OF CO-OPERATION

 

CHAPTER FOUR

• THE CO-OPERATIVE EFFECT
  • TYPES OF CO-OPERATIVE ENTERPRISES

 

 

 

• CO-OPERATIVE FINANCE
• APPLICATION OF ECONOMIC TERMS TO CO-

OPERATIVE BUSINESS ENTERPRISES

 

CHAPTER FIVE

• SUMMARY OF FINDINGS RECOMMENDATION AND

CONCLUSION

• FINDINGS

5.2       RECOMMENDATION

5.3        CONCLUSION

BIBLIOGRAPHY

 

 

 

 

CHAPTER ONE

• INTRODUCTION

1.1      BACKGROUND OF THE STUDY.

The entire development of a business enterprise in a particular country required difference institutional frame work.

One of such institutional frame work is the co-operative business enterprise.  The word co-operative can have different interpretation.   In a lay man’s language, it means working together or working mutually.  Another interpretation which is where our emphasis lies, means a unique type of business organization.  The co-operative has been defined by different school of thought but the variation lies in the degree of emphasis on one aspect or the other.

 

One school of thought describes co-operative as business undertaking owned and operated by voluntary associations in order to provide members with work and wages or with goods and services.  But the International co-operative alliance (ICA) defined co-operative 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.

 

The role of economic of co-operative in business is indispensable to the growth and development of the economy. This vital role has been justified by co-operators in the socio-economic and political development particularly in developed countries like England, known for consumer co-operative and Germany known for Credit co-operative.  Likewise in the developing countries like Nigeria.

 

Co-operative movement is a world wide phenomena from which countries have developed from simple traditional form (8) of mutual institution to a modern formally organized institution.

 

This institution has gained world wide acceptance because of the great role.  It has played in the economy development of various countries particularly in those of the developed countries.

 

The economic success of co-operative inevitably has social effects.  Co-operative management bring better yield which in turn yields better income and which in the essence means better housing, better health, high standard of living, and better education for members and their families.

This economics success of co-operative societies has been witnessed invaluably in co-operative business enterprise.  This can be seen in the area of  co-operative credit association, which are:

1. CTLS: Co-operative Thrift and Loan Societies. (Chukwu S.C 1990.)
2. CTCS: Co-operative Thrift and Credit Societies.

 

 

• STATEMENT OF THE PROBLEM

The project work intends among other things to look into the various problems encountered by co-operative and co-operators field workers in the process of setting up and sustaining co-operative business enterprises.

 

Some of these problems encountered in this process include ignorance, lack of knowledge on the meaning and purpose of co-operative business enterprises.

 

 

 

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AN EXAMINATION OF THE ROLE COOPERATION THRIFT AND CREDIT SOCIETIES TO THE DEVELOPMENT

(A Study of Orphanage Mother Multipurpose Cooperative Society Limited)

 

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ABSTRACT

This study investigates and examination of the role of cooperative thrift and credit societies to the development of urban area. The study was based on the orphanage mother multipurpose cooperative society. The research reviews the literature of related study and was duly acknowledge data collected through constructed questionnaires methods, comprising members of the study area. Using simple random techniques. The perceptible equations and tabular illustration were used to present data obtained in the study. Result obtained from the study suggested that members of the study area and the public benefit immensely from the activities of cooperatives societies. Hence cooperatives help in providing loans amongst its members.

 

 

 

CHAPTER ONE

1.0      INTRODUCTION

The thrift and Credit cooperative has been formed with intention of improving the standard of living. The thrift and credit society started in Germany under the leadership of Fredrick Ra’ffeisen in the year 1818 who is now regarded as the father of modern cooperative thrift and credit society.

 

Germany has always been referred to as the cradle of credit cooperative. At that time, the economic condition of Germany was so deplorable and the peasantry and artisans fiet crushed under the heavy weight of indebtedness. Famine was a common phenomenon used as order of the day. The Jews ruled over the market and the poor labourers and farmers had no way out, except to buy articles of their need from them and sales their product to them. The merchants were money lenders changing very high rate of interest for the credit they gave and offered ridiculously prices for the produce they purchased. With the hopeless life of the peasantry, Raiffeisen emerged to help them out of their indebtedness and poverty years, therefore thought out plan for cooperative societies.

 

Before the advert of modern cooperative society the thrift and credit society serve at urban area, the traditional mutual system is been called and addressed by different name by various communities who practice it inform of traditional form of saving.

 

The Hausa call it “Adashe” “Bashi” in Nupe “Asusu in Ogogo etoto in Ibibio etc.” The traditional systems of cooperative leaders of the society are elected purely on the agreement of the members, while in modern cooperative.

 

Cooperative at large, the management committees are elected democratically, and any person contesting for any post must have the question of some vital requirement such as payment of entrance fees, share deposit etc and the member must be voted for any post in the society.

 

Cooperative thrift and credit society are mainly found among the urban areas, low-income earners, government employees etc. and a good number splitter around is the urban area as well.

 

1.1   BACKGROUND OF THE STUDY

Thrift and credit cooperative society like other sphere of life has it own problems. It is generally believed that any organization irrespective of its size has problems, if not identified and corrective measures applied is bound to hit the rock,. Cooperative thrift and credit is not left out this philosophy identifying and laying these problems is the primary aim of the write up of this project.

 

The project is aim at highlighting the obstacle responsible for the show growth of organization, it is also an attempt to highlight the aim and objectives of the organization, it is living up to expectation?

 

The problems are being highlighted analyzed and possible steps to be taken to alleviate the problems.

 

 

1.2      HISTORICAL BACKGROUND OF THE AREA

Modern cooperative thrift and credit has been in existence in early 20’s 2004 to be precisely in orphanage mother multi purpose society. Before then, it was traditionally practiced, low-income earner, petty traders peasant farmers etc. contribute money weekly or monthly, they rotates one after the other which serves as urban development area for its members, and then people have difficulties to secure loan for its members from any financial institution due to the fact that mostly are low income earners, urban areas etc where they have no collateral for security while they normally requested before giving people loan.

 

But with the establishment of orphanage mother multipurpose in that area, which was established to help people of limited means, which find it difficult to save and secure loan to better their socio economic, encourage, saving and also provide other services to the communities at reasonable rate of interest through application of self help and mutual help which is one of the guiding idea of cooperative.

 

But most of the people stated with drawing their membership, because they assumed that they only want to dupe and run away with the little money learned due to the fact that the time of establishment there was no emphasis on expansion and diversification of cooperatives thrift and credit in their development plan and there was nobody to educated and enlighten the people about, their aim and objective. So people where complaining that they cannot meet up their needs as a result of non provision of loan for as a whole, lack of proper book keeping and auditing which is due to unskilled personnel, lack of adequate capital and lastly there is also dishonesty and competition among committee members and government which lead to the collapsed of the thrift and credit society.

 

1.3      STATEMENT OF THE STUDY

Cooperative thrift and credit ensure rapid socio – economic development of urban areas and the community at large

 

But due to the fact that there wasn’t any serious emphasis on expansion and diversification of cooperative movement in their development plan. Therefore it resulted to low participation of people in cooperative society.

 

Secondly, it also seems there wasn’t serious encouragement from government to ensure that the people were enlighten and educated in other to joint the cooperative society.

 

1.4      RESEARCH QUESTION

To carry out this research the following question are put forward to guide the study:

1)  What are the impacts of cooperative thrift and credit has toward the transformation and development of urban area.

2)  How can the cooperative thrift and credit be restructured so as to give the societies at large, maximum benefit?

3)  What are the problems facing cooperatives thrift and credit societies in the urban areas.

 

 

 

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ASSESSMENT OF THE ROLE OF COOPERATIVE SOCIETIES IN POVERTY ALLEVIATION

(A Study of FRCN  Multipurpose Cooperative Society)

 

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ABSTRACT

This study investigates the Role of Cooperatives in Poverty Alleviation. The study was based in the Federal Radio Corporation of Nigeria Kaduna Multipurpose Cooperative Society. The research review the literatures of related study and were duly acknowledge. Data were collected through constructed questionnaire and interview methods comprising members of the study area. Using systematic sampling techniques. The perceptible equations and tabular illustrations were used to present data Obtained in the Study. Results obtained from the study suggested that members of the study area and the public benefit immensely from the activities of cooperative societies. Hence, cooperatives help to alleviate poverty among its members.

 

 

 

CHAPTER ONE

1.0       Introduction         –        –        –        –        –        –        –        –        1

1.1    Background of the study      –        –        –        –        –        –        5

1.2       Historical background of the study area          –        –        –        –        6

1.3       Statement of the Problem    –        –        –        –        –        –        7

1.4       Objective of the study           —       –        –        –        –        –        –        8

1.5       Significance of the study      –        –        –        –        –        –        9

1.6       Research Question     –        –        –        –        –        –        –        10

1.7       Scope of the study      —       –        –        –        –        –        –        11

1.8       Operational Definition of term       –        –        –        –        –        11

 

CHAPTER TWO: Literature Review

2.1       Introduction         –        –        –        –        –        –        –        –        13

2.2    Cooperative Development Exposure     –        –        –        –        16

2.3    Poverty      –        —       –        –        –        –        –        –        –        17

2.4       Nigeria’s Poverty Situation   –        –        –        –        –        –        18

2.5       Poverty Alleviation in Nigeria         –        –        –        –        –        20

2.6       Cooperative A tool for Promoting Desert

Work and reducing poverty  –        –        –        –        –        –        23

CHAPTER THREE: Research Methodology

3.1       Introduction         –        –        –        –        –        –        –        –        28

3.2       Research Design        –        –        –        –        –        –        –        28

3.3       Population Sample      –        –        —       –        –        –        –        28

3.4       Sample size        –        –        –        –        –        –        –        –        29

3.4.1 Justification for the sample size    –        –        –        –        –        29

3.5       Sample Technique      –        –        –        –        –        –        –        29

3.5.1  Justification for the sampling Technique        –        –        –        –        30

3.6       Research Instruments –        –        –        –        –        –        –        30

3.7       Method of Data presentation and statistical analysis –     –        30

3.8       Limitations of the study        –        –        –        –        –        –        –        31

 

CHAPTER FOUR: Data Presentation And Analysis

4.1       Introduction         –        –        –        –        –        –        –        –        32

4.2       Presentation Analysis Based on respondents bio data    –        32

4.3       Data Analysis Based on questionnaire –        –        –        –        35

 

CHAPTER FIVE: Summary, Conclusion and Recommendation

5.1    Summary   –        –        –        –        –        –        –        –        –        44

5.2       Conclusion         –        –        –        –        –        –        –        –        45

5.3       Recommendation        –        –        –        –        –        –        –        46

Reference –        –        –        –        –        –        –        –        –        48

Appendix I –        –        –        –        –        –        –        –        –        49

Appendix II         –        –        –        –        –        –        –        –        –        50

 

 

 

CHAPTER ONE

INTRODUCTION

From the beginning of mankind, man has been engaged in a continuous battle to liberate himself from the shackle condition of life called poverty. Consider the following situation.

 

1. A destitute is begging for alms at Public Park to buy food from a nearby food stand.
2. A young university trained professional lost her job a few months ago and her bills are mounting because she is still employed.
3. An investor is unable to pay his children’s school fees this semester because his expected earning from investments did not materialize.
4. A millionaire needs to take tranquilizer every night because he cannot sleeps without them.

 

Which of these four people would you consider poor? A is both income poor and socially deprived. B may not be socially deprived. Being well educated but she is income poor, being educated but she is income poor, being out of employment. C is cash poor, but only for a short time because he can convert has investment into cash if necessary. D is not poor by any material standards but he is spirit poor because money cannot buy him a sound sleep.

 

In general, a discussion of poverty as a socio – economic issues is limited mainly to the situations covered in A and B above. But cooperative’s pride themselves as “enterprises” with a soul” will target all four cases.

 

The definition and measurement of poverty can be quite elusive. It varies from place to place and from time to time. Poverty is a condition of life so degraded by disease, illiteracy malnutrition as it denies the basic human necessities. It is therefore difficult to give a precise definition of poverty. But the poor society in terms of their economic, cultural Social and psychological condition. In an attempt to attack this chronic disease (poverty) the basic problems of development should be redefined as a selective attack on the worst form of poverty.

 

Developmental goals must be defined in terms of the progressive reduction and eventually elimination of malnutrition, diseases, illiteracy, unemployment and inequality. Once again the relationship between poverty and development is clear. Where there is abundant poverty there is little or no development. After all, the process of development itself is geared towards the elimination of poverty and inequality in order to give room for a better life for mankind.

 

Cooperatives societies which is primarily to alleviate poverty among people because the purpose of incorporating the society is to meet the common felt needs of the members and the general public on social and economic needs as well as cultural aspirations of the individual thereby complementing the efforts of the government towards the alleviation of poverty in the society. Cooperatives is aimed at receiving the policies towards alleviating of poverty in the society in terms of their economic, cultural, social and psychological condition of both members and the general public. Over the years cooperatives has made efforts in reducing the poor standards of living of the poor masses in the society. Hence the importance of Cooperatives towards the alleviation of poverty can not be over emphasized; it can be summarized in the following succeeding lines:

1. Cooperatives encourage the poor in the society to save little money that may be encountered, so that they can conveniently solve the problems.
2. Cooperatives create/open up viable avenue for the less privilege to benefit from government and any other credit outside their places of work in order to enable them solve immediate problems and other top benefit from them.
3. Stimulation of economic growth through the engagement of semi skilled and unskilled labour in productive activities.
4. Minimizing rural – Urban drift through the improvement of rural communities.
5. Empowering the environment to arrest environmental deregulation.

 

Programme activities and strategies to achieve the objectives of cooperatives towards alleviation of poverty include.

1. Cooperatives are trying to reduce the alarming rate of poverty through the provision of goods and services at a cheaper cost for the common average man to afford.
2. Cooperatives help to prevent exploitation of the less privilege. By organizing workshop/seminars to educate areas that are yet to develop in terms of education, inadequate health centers, inadequate companies to work for their daily wages in order to better their lives and reduce the rate of poverty in the society.
3. Empowering women and men to participate in decision that affect lives and that enables them to build their strengths and assets.

 

 

1.1    BACKGROUND OF THE STUDY

Nigeria like other developing countries have done a lot in terms of improving the standards of its citizens through the provision of employment, shelter, food supplies, basic infrastructural facilities, good education system and a conducive political and socio – economic environment. Of all these deep-rooted social and economic ills, the most frightening is poverty, it is alarming because it’s capacity of learning all social fabric and social values. Consequently, all attempt made to reduce poverty cannot be improved.

 

Nigeria, since independence has been battling on how to reduce poverty on its citizenry. In this regard, programmes, agencies. And a mission were drawn, instituted and formed to address this ugly issue or hydro – headed monster (poverty). We are all aware of the philosophies behind regional areas like the Northern Nigeria Development Cooperation (NNDC) Western Nigeria Development Cooperation (WNDC) and Eastern Nigeria Development Cooperation (ENDC).

All these cooperation were constructed for the purpose of giving soft loans for the developmental projects and other employment opportunities to the respective regions from the federal government and from the limited sources of their respective regional areas.

 

The introduction of cooperatives societies in Nigeria came about through the feasibility study of Mr. Strickland in his reported submitted in 1933 when the Nigeria government realized the significance of cooperative. This resulted to the formation of cooperative. Inspite of all these cooperation, agencies and societies have proved to be very potent in reducing the level of poverty in our society.

 

 

1.2       HISTORICAL BACKGROUND

Federal Radio Corporation of Nigeria (FRCN) Kaduna Multipurpose cooperative society was formed primarily to promote the general economic interest among its aimed at providing cash, kind and loan for necessary productive purpose with society as a means of income and with a reasonable convenient term of repayment. The multipurpose cooperatives society is formed to promote cooperatives spirit among its member and to work for the general improvement of the members living standard.

The cooperative society (FRCN) also engages in any meaningful business ventures or trading. Activities outsides the cooperative society so as to enhance the earnings of the society.

 

Finally federal Radio Corporation Radio Corporation multipurpose  cooperative society was formed to encourage the development of cooperatives movement in Nigeria

 

 

1.3    STATEMENT OF THE PROBLEM.

Poverty as a figure disturbing the people or society are due to the fact that all governmental schemes to alleviate poverty has not been shown in the study area.

 

The unemployment situation in the society is at the increasing rate among the people due to the limitation of cooperatives awareness in the society. The people fail to know or understand what cooperative really means or is taking about. Due to the high population of Nigeria, which impose the problems of poverty as to no job opportunities in the societies.

 

Again despite all the effort of poverty alleviation by the cooperatives movement, there are obstacles that hinder people from participating and enjoying these economic developments. Such obstacles are: lack of adequate cooperative education or awareness and enlightenment amongst the populace as such people respond to cooperative movement very poor. Those who are actively involved in this movement of the cooperatives do not also fully enjoy the economic aspect of the movement, which is the foremost objective of cooperative. This is because of the lack or inadequate cooperative knowledge of its members. Also improper management by committee members of different societies.

 

This research work, will examine ways of solving the set aside problems that hinders the full participation and   enjoyment of the cooperative movement activities by its member, towards poverty alleviation and the betterment of their social –economic activities.

 

 

1.4    OBJECTIVES OF THE STUDY

The objectives of the study are to find out whether cooperative societies can help in the alleviation of poverty. It is also an objective of the study to make comparison on findings from this exercise with previous studies on the same research topic, Again, the objective of the study is to examine if all cooperative principles is best applied in the cooperative societies.

It is equally an objective of the study to examine the extent of people’s involvement in cooperative particularly in the rural areas.

 

 

 

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