critically analyzes and appraises the problems and prospects of cooperative
societies Nigeria, using as a case study. This study is surveyed to determine
the government encourages cooperative societies and also to know if cooperative
societies create jobs for the citizens. It is also examined to know if
cooperative societies emphasize the welfare of members. Primary and secondary
sources of data collection were used in the study in which 200 questionnaires
were randomly distributed among the staffs but only one hundred and eighty-
eight (188) were duly returned. Simple percentage and chi-square method were
used to analyze the data and testing of the hypothesis. The findings in this
study reveals some prospects of cooperative which include facilitation of quick
transfer of technical knowledge to group of farmers and also nurturing small
groups with little financial means to a
larger group among others. The study concludes that the problems hinder
the society from achieving its prospects such as providing a pool fund from
which members take loans and it recommends that government should make its
assistance regular and adequate to support the cooperatives and also members
should be motivated by ensuring that the objectives of the society is achieved.
of Contents viii
Statement of Problem 3
Objectives of the Study 3
Research Questions 4
Statement of Hypothesis 4
Scope of the Study 5
Significance of the Study 6
Limitations of the Study 7
Operational Definition of Terms 8
Two: Literature Review
The Review 10
Meaning of Co-Operative Societies 11
of co-Operative Societies 14
2.2.3 Classification of Co-operative Society
Classification According to Position in
Co-operative Hierarchy 15
Summary of the
3.1 Introduction 20
the Study 20
Method of Data
Method of Data
Four: Data Presentation, Analysis and Discussion
4.1 Introduction 23
Presentation and Interpretation 23
and Hypothesis Testing 31
Five: Summary of Findings, Conclusion and Recommendations
5.1 Introduction 36
Appendix I 40
Appendix II 41
BACKGROUND TO THE STUDY
as a form of individual and societal behavior is Intrinsic to human
organization, but the history of modern co-operative societies forms of
business organization, dates back to the Agricultural and revolution Industrial
of the 18th and 19th centuries.
1761 The Fenwick Weaver’ Society was formed in Fenwick, East Ayrshire, and
Scotland to sell discounted oatmeal to local workers. Its services expended to
include assistance with savings and loans, emigration and education. In 1810,
welsh social reformer Robert Owen, form Newtown. in mid- Wales, and his partners
purchased new Lanark mill from Owens’s father-in-law and preceded to introduce
better labour standards including discounted retail hops where profits were
passed on to his employees, Omen left New Lanark to pursue other forms of
co-operative organization and develop co-operative ideas through writing and
lecture. Cooperative was set up in Glasgow, Indiana and Hampshire, although ultimately
unsuccessful. In 1828 William king set up a newspaper, “the cooperator”, to
promote Owens’s thinking, having already set up a co-operative store in
Rochdale society of equitable pioneers, founded in 1844, is usually considered
the first successful co-operative enterprise, used as a model for modern
co-operative societies. A group of 28 weavers and other artisans in Rockdale, England
set up the society to open their own store selling food items they could not
otherwise afford. Within ten years there were over 1,000 co-operative societies
in the United Kingdom. (Chambers Encyclopedia vol.4)
events such as the founding of a friendly society by the Tolpuddle martyrs in
1832 were key occasion in the creation of organized labour and consumer
movements. From the report of the workshop held on 10th - 11th November 2008 during the 8 the
ICA Africa regional assembly at the international conference centre, Abuja.
research problems are:
i. Knowing if any’ competent person can
become a member of a cooperative society, at anytime.
ii. Determining if the government encourages
and supports the formation of co-operative societies by providing Subsidies and
iii. Knowing if the liability of the member is
iv. Knowing if the society can exist for long
Separate from its member limited?
v. Knowing how the society is managed.
1.3 OBJECTIVES OF THE STUDY
It would have been a total waste of
energy and of course founds. In conducting this
research if it was not
meant to achieve any meaningful objectives. The research would also have been seen
as a fruitless exercise if there were no fundamental objectives to be achieved
at the end or the study. The major objective of the study therefore was
analyzing the problems and prospects of cooperative society in Edo State
but the subsidiary objectives are:
Determine if the government encourage
To know if cooperative society creates
To know if the liability of member is
To know if cooperatives societies
emphasize the welfare of members.
1.4 RESEARCH QUESTIONS
i. Is the liability of a member of the
cooperative society limited?
ii. Does the government encourage the formation
of Cooperative societies?
iii. Is the society managed by only one person?
OF THE HYPOTHESES
Osuola 1986 said hypothesis should
always be in declarative sentence form, and they should relate to them
generally or specially variable to variables.
and 2 thus explain observed event in a
systematic manner, predict the outcome of events and relationships systematically
summarized existing knowledge.
In essence, there exist Null Hypotheses
set up only to nullify the Alternative Hypothesis. The hypotheses were as
HO: The liability of a member is not unlimited.
HI: The liability of a member is limited.
The society is not managed by only one
The society is managed by only one
SCOPE OF THE STUDY
In the project, the researcher unveils
the problems and prospects of cooperatives in Nigeria.
The scope of the study is limited to Edo state as the case study was “Farmers
Cooperative Society, Akoko Edo, Edo State.”
The, researcher reveals the prospects of
cooperative societies in Nigeria.
The Executive Secretary of cooperative Federation
of Nigeria, in his introduction of the movement in
Nigeria, said the CFN was formed in 1945 and got registered in 1967. He traced
the background of
cooperative societies in Nigeria to the traditional saving and loans system. He
added that following agitation by the Agege Cocoa planters Union in 1907, the
study for establishment of formal co-operation was commissioned in 1934. This
was following by the enactment of co-operative legislation in 1935. The early
move was in agriculture, and latter shifted to marketing following the shift in
the Nigeria economy from agriculture to crude oil. He gave the scope of
co-operative activities in Nigeria covering. On population, he said there are
about 50 million family member covering 20 million house holds. Total number of
registered co-operative societies is about 50,000.
SIGNIFICANCE OF THE STUDY
This study will provide data on
cooperative movement in Nigeria that will be useful to:
Fairness corporative society Akoko-Edo
LGA, Edo State
Federal ministry of labour and
National union of local government
State civil service commission
Managers and top executives in organized
Federal civil service commission
United nation commission on employment
Central bank of Nigeria
Federal ministry of finance
Students carrying out a research work in
this same issue.
1.8 LIMITATIONS OF THE STUDY
A research work of this nature cannot
come to an end without limitation. The researcher encountered numerous problem which
affected the smooth running of the work these include material procurement.
There were a lot of constraints as to getting information and material for the
job. The researcher made series of consultation to acquire the needed
information. Most materials used were very difficult to get.
Time constraints: Combining academic
work With research is on doubt a thought provoking issue, as it has to do with
time. Actually, a lot of time was exhausted to obtain valuable information for
1.9 OPERATIONAL DEFINITION OF TERMS
The 6th Edition
of the oxford Advance learner’s dictionary (2000) defined a problem as a thing
that is difficult to deal with or to understand.
is defined according to the above source as the possibility that something will
happen. It can also be seen as an idea of what might or will happen in the
future. Prospect is the chances of being successful
the 1993 edition of chambers dictionary, cooperative is defined as “an
organization in which there ‘is collective ownership or control of the means of
production and distribution”.
The relationship governing member is
dual in nature, equality in social relations and equity in economic relations.
Cooperative can also be viewed from the
legal stance. Helms (1968) defined cooperative as a registered voluntary
association of persons with a common interest formed and operated along democratic
principles for the purpose of economic and social interest at least cost to its
members who contributed the capital and manage the business so established by
delegating some powers to elected management”.
are group of people who share common ideas, norms, values and culture together
towards achieving a set objective.