Origin And Development Of Co-Operative Societies

A Case Study Of Imt Multipurpose Co-Operative Society Enugu

Chapter One

1.0 INTRODUCTION
1.1 BACKGROUND OF STUDY

There is a discernible pattern of co-operative development in African and Asian countries, which were former colonies of Europe, Nigeria is no exception. During the colonial days the seed of co-operation was sown but it could only grow slowly. At this points, co-operative were restricted to serve only the purpose of the paymaster (the white man). Co-operatives then were not allowed to grow or expand into the hinterlands.
In Nigeria, the first hint on co-operative emergence occurred during the first would war. This co-operative which happened to be a consumer co-operative was, modeled the Rochdale of England – home of the colonialist. These early co-operative societies existed to ratio out goods, which were very scarce during the world war and died a natural death sown after the world war.
Thereafter, in 1926, the then colonial Agricultural ministry began organizing cocoa farmers around Abeokuta and Ibadan in Western Nigeria to market their product especially to Europe where the colonial masters needed it for their home industries. This was also the patterned development of co-operative in British colonies. After this experiment, the Western region of Nigeria embraced co-operative, especially marketing types.
The Agricultural ministry continued to maintain control and supervision over these western co-operative societies. Emboldened by this sequence in co-operative acceptance in the west and the attendant success of the marketing co-operatives which had translated into more raw materials for parent companies in Europe, the colonial master appointed Mr. F.C Strickland to go and understudy the success story of cocoa marketing co-operatives in the western region, with a view to enacting co-operative law. For three months December 1933 to March 1934 – Mr. Strickland carried out the spot assessment. In this report, Mr. Strickland strongly recommended the introduction of co-operatives into Nigeria. In his report which he submitted in April 1934, he strongly advocated for co-operative introduction without further delay. Till date, Mr. F. C. Strickland’s report forms the backbone of the introduction of the co-operative to Nigeria. Mr. Strickland also drafted a proposed ordinance and regulation; the colonial administration wasted no time in implementing it.
In line with the above understanding Mr. E. F. C Haig was appointed as a register for co-operative in Nigeria. To be able to undertake these responsibilities, he was sent abroad to understudy the Indian Co-operative movement and Law.
Mr. F.C Strickland’s report no doubt kick-started the co-operative activities in Nigeria. On return to Nigeria the first thing he did was to reorganize the cocoa farmer societies, who were already excelling in the production and marketing of the best quality cocoa. Next was to bring these societies under the umbrella of the co-operative law.
The co-operative societies ordinance No. 39 of 1935 was signed into law by the king of England on 3rd Dec, 1935 and the regulations approved came into force on the 6th Feb. 1936. from a humble beginning in 1926, co-operative rose to an astonishing number of 181 in 1944.
In 1951, the political landscape of Nigeria changed and every nation under Nigeria was allowed to develop under regions. So, cooperatives went the same way west East and North.
A co-operative is an association of persons who have voluntarily come together to achieve a common end through making equitable contribution to the capital required and accepting a fair share of risk. It is an undertaking in which members actively participate. A co-operative is an owner enterprise, meaning that members are at the same time the owners and the users of the goods and the facilities provided.
In 1980, the Institute of Management and Technology (IMT) multipurpose co-operative was formed. It was registered immediately with 36 members. Many people joined the co-operative in order to save their money and also with the aim of borrowing soft loans from the society. The chairman of the society when it was registered was Mr. S. E. Eze (structure Lab. Campus 111). Mr. P. Nkeanyadi as secretary (Senior staff establishment), the treasurer as Mr. I.C Ogbu (science tech) and others.
The society has made a lot of progress my lending money to members at a low interest rate. It also helps members to borrow money from other organization if the co-operative does not have the facility for the loan. No doubt co-operatives have played an effective role in the institute and Nigeria as a whole in socio-economic development and still continues to play this role, thereby steering the nation into a greater industrial society.

1.2 STATEMENT OF THE PROBLEM.
Officials of co-operative societies in Nigeria especially have problems in managing their organizations because of inadequate commitment of the co-operative movement. They are therefore unable to mobilize members. Ignorance is part of the problem because the origin of the co-operative movement by Rochdale pioneers in England in 1844 is not widely known. So the lack of the co-operative leads to the inefficient accomplishment of the objectives of the co-operative and its co-operators.
Secondly, lack of finance is another problem that militates against the smooth running of the co-operative in Nigeria. Again, they do not even know that through borrowing and contributing one can improve the development of the society.
Thirdly, inadequate planning by officials and the inability or unwillingness to employ experts to reduce the potentials of co-operative.

1.3 PURPOSE OF STUDY
i. To determine the contribution of the co-operative movement to the economic well being of their members.
ii. To examine the management of IMT co-operative society with respect to growth in membership and its funding.
iii. To measure community awareness to the IMT co-operative and its immediate environment.
iv. To determine the source of funds for the co-operative and how flow surpluses are shared among its members.

1.4 SCOPE OF STUDY
Research work done on the origin and development of co-operative society will be very voluminous as these mean researching into all aspects of the co-operative organization, cooperative and field administration cooperative economics, co-operative law, etc. Our attention will be on the co-operative and field administration.

1.5 LIMITATION OF THE STUDY.
The limitations are the constraints that face the researcher in the course of this assignment. They can be sub-divided into three; human, financial and time constraints.
Human aspects of the constraints is the reluctance and in some cases outright refusal of some staff of the cooperative to respond to questionnaires and interview. This to some extent affected the objectivity of the researcher’s findings and conclusions.
On the financial constraints, one considers the fact that a lot of money is required for the several visits and acquisition of necessary material from libraries of good standing; National Library of Nigeria, ministry of information and the British Council to source for materials. Above all, the production of questionnaire, to the typing of the research project cost a considerable amount of money.

Chapter Two: Literature Review

2.0 INTRODUCTION:

This chapter provides the background and context of the research problems, reviews the existing literature on the Origin And Development Of Co-Operative Societies, and acknowledges the contributions of scholars who have previously conducted similar research [REV24502] …

Table of Content

Cover Page
Title Page
Approval Page
Dedication
Table Of Contents

 

Chapter One
1.0 Introduction

1.1 Background Of The Study
1.2 Statement Of Problems
1.3 Purpose Of The Study
1.4 Scope Of The Study
1.5 Limitation Of The Study
1.6 Research Questions

Chapter Two
2.0 Literature Review

2.1 What Are The Type Of Co-Operative Societies That Exist In Nigeria.
2.2 What Are The Problems Of Co-Operative Societies In Nigeria?
2.3 Are All Problems With Co-Operative Development In Nigeria…..
2.4 Are All Members Of The Co-Operative Qualified For Membership?
2.5 What Are The Functions Performed By Co-Operative?
2.6 What Are The Factors That Influence The Establishment/Formation Of Co-Operative Societies?
2.7 Are There Any Effect Towards Co-Operative In Nigeria?

Chapter Three
3.0 Research Method Used

3.1 Sources Of Data
3.2 Population And Sample Size Determination
3.3 Instrument Used For Data Collection
3.4 Method Of Analysis

Chapter Four
4.0 Representation And Analysis Of Data

4.1 Research Analysis And Finding
4.2 Analysis Of Questionnaire To Imt Multipurpose Co-Operative Society.

Chapter Five
5.0 Summary Of Findings, Conclusions And Recommendation

5.1 Summary Of The Findings.
5.2 Conclusion
5.3 Recommendation
Bibliography
Appendix.

Document Information

    • Pages: 62 Pages
    • Chapters: 1 – 5 Chapters
    • Words: 7,690 Words
    • Format: DOC/PDF
    • Type: Project Material
    • Time: Instant Download
    • Title: Origin And Development Of Co-Operative Societies: A Case Study Of Imt Multipurpose Co-Operative Society Enugu

YOU MAY LOVE THESE (Recommended)

  • To write about the Unemployment And Co-Operative Societies research project, follow this helpful guideline: In reality, during the course of research report, there are some obvious points when remembered do help to understand what the project work is all about. First of all, a critical look is taken to know and find the invaluable role of National Directorate of Employment in combating the danger of un…

    44 Pages 1 - 5 Chapters 4,682 Words DOC/PDF Format Instant Download UPN24487

  • To write about the Survey Of The Factors Affecting The Growth Of Co-Operative Society research project, follow this helpful guideline: The study was conducted to examine the survey of the factors Affecting the Growth of Co-operative Society in Enugu Metropolis, 2003 – 2005. In pursuance of this investigation, this research work covers five chapters: chapter one deals with introduction, background of the study, statement of the p…

    70 Pages 1 - 5 Chapters 7,827 Words DOC/PDF Format Instant Download UPN24550

  • 1.0 INTRODUCTION Abia State is one of the states that was created in August 1991 by General I. B. Babangida. The head of state inherited a total number of 3.758 cooperative societies from Imo State. But this figure increased immensely as a result of individual desires and government encouragement together with the benefit from the formation of cooperative societies. This cooperative society is formed when a group of people with common […]

    55 Pages 1 - 5 Chapters 6,177 Words DOC/PDF Format Instant Download UPN24480

  • To write about the Strategic Management Practice Of Cooperative Societies As A Form Of Business Organization research project, follow this helpful guideline: This research work intends to explore an appraisal of purchasing function in the public sector in Imo State (Ministry of Agriculture and Natural Resources). I deemed it necessary since this research topic is unique to public sector in Imo state. An environmental practice research was carried out …

    60 Pages 1 - 5 Chapters 8,039 Words DOC/PDF Format Instant Download UPN23826

  • To write about the Impact Of Nigerian Television Authority (NTA) On The Economic Development research project, follow this helpful guideline: When the researcher chose the topic: Impact of Nigeria Television Authority on the Economic development of Enugu metropolis, she was inspired to find out the extent (NTA) Nigeria Television Authority has contributed on the economic development of Enugu metropolis. That the mass media plays a pivo…

    53 Pages 1 - 5 Chapters 5,728 Words DOC/PDF Format Instant Download UPN24421

  • To write about the Impact Of Transportation On The Economy research project, follow this helpful guideline: What if the transportation section, stagnant, almost every section of any given economy will not perform well as expected. Te importance of transportation in developing or advanced economics cannot be over emphasized. Transport is one of the main sector that remains as the cornerstone of every na…

    64 Pages 1 - 5 Chapters 7,123 Words DOC/PDF Format Instant Download UPN24714

  • To write about the Value Added Tax Vat And Price Stability research project, follow this helpful guideline: Value Added Tax (VAT) is a consumption tax on the value added to a product in the process of production. Like all other indirect taxes, it is a tax that targets the final consumer of goods and services. The main purpose of VAT in Nigeria is to increase government (state and Local) revenue from th…

    54 Pages 1 - 5 Chapters 5,829 Words DOC/PDF Format Instant Download UPN24732

  • To write about the Econometric Study Of The Relative Impact Of Monetary And Fiscal Policies On Industrial Output In Nigeria research project, follow this helpful guideline: This work/study investigated the relative impact of monetary and fiscal policies on industrial output in Nigeria for the period 1979 – 2008. An exposition of monetary and fiscal policies in Nigeria for the period under study (1979 – 2008) showed that monetary policies as against fiscal policies h…

Live Chat