Impact Of Co-Operative Organization (Multi Purpose) In The Economic Development

INTRODUCTION
1.1 BACKGROUND OF THE STUDY CO-OPERATIVE.
Organization is association where one is free to enter and also independent of itself. It is for the betterment of its members economic condition since the commencement of the co-operative association (society) in the world in 1854 and in Nigeria following the submission of Strickland report on 27 April 1974 co-operative organization has come to be.
Co-operative organizations are not public institutions nor government agencies for the execution of government plans rather co-operative is for the people with common interest as a defense mechanism to fight against the situation brought about by the adverse socio-economic conditions.
Due to the adverse socio-economic conditions presently hitting the nation people cannot get all that they need. Hence the best way they can get reasonable satisfaction of their needs is by coming together to pull their resources so as to solve their economics problems.
Since the commencement of co-operative organization in Enugu metropolis it has to a large extent helped in the economic development of the area. Though, co-operative societies have been seen to have some problems. The problems are not only peculiar to this area alone rather to the nation as a whole. The research study centered on the worst problems that are peculiar to co-operative societies in Enugu metropolis.

1.2 STATEMENT OF THE PROBLEMS
The current Nigeria economic situation calls for hard work this period in the country’s economic development could emerge a turning point in the nations history. The scope of co-operative organization as an active element in the creation of economic development has never been a debate.
That co-operative society with their integrated resources control inflation by increasing food supply and improved distribution channels. Co-operative organization develops both in both agriculture and small-scale business.
Co-operative organization creates employment opportunities hence reducing the unemployment problems facing the country and Enugu in particular. The co-operative societies provide educational services to its members.
Co-operative organization plays an important role in the mobilization of rural savings.
Co-operative organization thus generate equality in the distribution of wealth and ensures that the effect of economic activities alleviate the condition of both rural and urban areas. It is the philosophy of co-operative organization to development the infrastructure both in rural and urban areas.

1.3 PURPOSE OF THE STUDY
The purpose of the study is to know the impact of co-operative organization in the economic development of Enugu metropolis. So as to know how to make their performance effective and achieve their set objectives.
The purpose of the study are as follows:
a. To examine the achievement of co-operative organization in Enugu metropolis.
b. To find out their problems.
c. To know the important of co-operative organization.
d. To give the recommendation on how to over come the problems.

1.4 SCOPE OF THE STUDY
for the purpose of this study, the co-operative in the Enugu metropolis is covered only.

1.5 RESEARCH QUESTIONS
1. Has co-operative organization raised the economic well being of the people of Enugu metropolis.
2. Has co-operative organization any impact in the economics development of Enugu metropolis.
3. Is the loan given to the members increasing with time at the same time with the out put of the members.
4. Has co-operative organization helped in uplifting the living standard as a whole?

1.6 SIGNIFICANCE OF THE STUDY
If co-operative organization will be properly organized and co-ordinate it can be of great importance to the individual and the country as a whole.
Co-operative organization does not only help the individual alone. Rather it makes it possible for the people to pull their resources together and as well make such individuals affairs its own objectives.
The research of the co-operative at the study of the co-operative organization as being important. The research will also encourage and help people to establish co-operative organizations. It can be also a guide to subsequent research work similar to this. Besides the recommendations from this research work, will help improve to a large extent any given co-operative organization. And also get the maximum benefits of co-operative ventures. This should justify the significance/importance of this study.

1.7 DEFINITION OF TERMS
Socio economic: Of or relating to society and economy.
Mobilization: To become or make ready for service r action the needed resources.