The Role Of Cooperative In Employment Generation (A Case Study Of Nchara Oloko In Ikwuano L.G.A.)
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This project is dedicated to the Glory of our Lord and saviour, Christ Jesus. The author of all truth wisdom and eternal life.
I also dedicate this project to my Beloved parents (Rev. and Mrs. Onyenwe Anaba.)
I am eternally indebted to the most high God my father and creator, Jesus Christ my lord and savoir whose name and precious blood is ever ready to defend and protect me in all my physical and spiritual warfare And the holy spirit my counselor and teacher.
I also acknowledge the sacrifices, concern and understanding shown by my parents Rev. & Mrs. Onyenwe Anaba, and also my siblings Mrs. Ogechi Adele, Mrs. Kelechi Ekwuliefe, Chinechere Onyinyechi, Deberechi, Mmesomachi and master Samuel Onyenwe Anaba for their moral support and encouragement towards my academic pursuit.
May I most respectfully acknowledge the assistant of my supervisor, Mrs. Ego J.Obi-Okogbuo. My lecturers, Mr. Ozitem Dickson Onwuchekwa, Mr. Pius Bendola, Mr. Mmaduwuike,A.c, Mr. Okonkwo, M.C.,Mr. Clement I. Uba (Esq), Mr. Innocent F. Teteh, whose criticisms and comments have greatly helped to improve the quality of this project.
I wish to thank my friends who encouraged me to embark on this project. Emeana Kenneth, Nwogu Oluchi Gift, Nwogu Prisca, Acho Tessy, Princess, Obilou Ekeoma, Bishop Chinyere, Ugwom Osondu, Ezeuru Chiamaka.
I wish to acknowledge my HOD Ms. Ugwnayi Lilian for her encouragement towards my project.
My special thanks go to my beloved and wonderful friend Mr. Igwe Emmanuel M. for his financial support and encouragement all through my stay in school.
This study evaluate the role of cooperative in employment generation in Nchara Oloko in Ikwuano L.G.A Of Abia state Nigeria. according to some authors they see cooperative as an organization which comprises a group of person in the sociological sense, who operate individual, private business households in which one or more common aims/problem have arisen and has/have brought the group together in self & or mutual help towards solving the common problems by means of a business enterprise which is jointly owned/maintained by the group and is meant to produce not just any goods/services but rather good and services as required by and made available directly to the business household of the members in response to a special charge to promote the (economic) welfare of the members as individual private businessmen, owners of private households and in the special case of the productive cooperative, employees of the cooperative enterprises.
TWO resources of data namely, primary and secondary data were used.
Questionnaires were also used as a research instruments to supplement information while the hypothesis testing was conduced using chi-square (x) 2 at the end of the study, it was deduced that problem such as:the following hinders cooperative business viz:
- Lack of capital
- Lack of member’s commitment to cooperative business.
- Poor management ability etc
On the basis of the above findings, and conclusion the following recommendations were made to improve the performance viz:
- Exploring all available opportunities was made to expand their fund raising ability.
- Cooperative should mobilize and move funds so as to be involved in more economic activities, that will generate more employment with the above recommendations, it is hoped that the performance (Role of cooperative within the L.G.A. and beyond especially on their employment generation will improve).
Table Of Content
- Title page i
- Approval page ii
- Dedication iii
- Acknowledgement iv-v
- Abstract vi-vii
- Table of contents ix-x
- 1.0 Introduction 1
- 1.1 General overview of the study 1-4
- 1.2 Statement of the study 4-5
- 1.3 Objective of the study 5-6
- 1.4 Scope of the study 6-7
- 1.5 Research hypothesis 7-8
- 1.6 Statement of hypothesis 8
- 1.7 Significance of the study 8-9
- 1.8 Limitation of the study 9-10
- 1.9 Definition of terms 10-11
- 2.0 Literature review 12
- 2.1 An overview of cooperative business 12-20
- 2.2 Problem related to cooperative business 21-24
- 2.3 The employment creation potential of Cooperatives 24-27
- 2.4 The comparative advantage of cooperatives in the field of employment generation/creation and stabilization. 27-34
- 3.0 Research methodology 35
- 3.1 Introduction 35
- 3.2 Research design 35-36
- 3.3 Sampling design 36-38
- 3.4 Sources and data collection 38-42
- 4.0 Presentation and analysis of data 42-46
- 4.1 Test of Hypothesis 47-49
- 5.0 Summary, conclusion and recommendation 50
- 5.1 Summary of findings 50-53
- 5.2 Conclusion 53-54
- 5.3 Recommendation 55-56
- Bibliography 57-58
- Appendix 59
- Questionnaires 60-63
1.1 Background Of The Study
Cooperative according to Chukwu (1990:1) is a generic term. It implies any form of two or more persons working together to achieve some aim, such working together many be on a formalized or informal basis, economic or non-economic.
However, a cooperative society is an association of person who have voluntarily joined together to achieve a common goals through the formation of a democratically controlled organization, it has long been a human characteristics to fraternize to provide food, shelter, employment and other forms of mutual support, mutual benefits derivable by families and individuals working together at harvest.
More over cooperative has involved as a strategy to generate economic activities in area of high implement i.e. generation of employment, such as Ikwuano L.G.A. or wherever the local economy is work or virtually non-existents.
Furthermore, membership is open to the residents of a particular locality. The establishment of community enterprises will almost certainly be multi functional in that it will be responsible for a member and a number of specific projects at any given time. It will both initiate business idea within the people in Nchara Oloko and help the masses to develop their ideas. It may also intervene in various ways in the local economy of Nchara in particular and national economy at large. It may sponsor projects of community benefits in addition to its own trading activities and business development and local development both holding company and local development agency, with the aim of seeking to provide a communal structure in a particular locality on behalf of the residence such specific enterprises might be floated as self sustaining business life cooperative.
This community is thus more than trading organization it is a means of stimulating new business growth in areas like Nchara Oloko and also among people where there is little or not tradition of entrepreneurial activities and usually a history of long term unemployment and social depreciation.
Community cooperative and community business are established mostly in areas of high unemployment so as to generate employment where their starting is likely to be the question posed by local people. What can we do to get people employed.
They search for forms of self-help by community groups and unemployment themselves have gained considerable momentum in the last decade. As practical experience has been gained more groups have been inspired to do something in their own areas, an action born out of a growing belief that neither public nor private industry will be quick enough to provide the job that are needed and of a preference to do something rather than wait on other action.
1.2 Statement Of Problems
The issue of employment generation can be said to be as old man, since no man can make progress when idle. Now that there is a high rate of employment resulting in comparative high rate of emigration. In 1985 the country’s labour force employed about 14 million, which has increased by 16% over the decade. There are over 250,000 unemployed persons and emigrations again increase (Daily Time Sept 19th 1995).
A cruel twist is that many of our emigrants and the unemployment are the bright graduates or our universities and other higher institutions they were educated with tax payers money.
Nigeria as a nation is segmented into two:
- Those who have the world as their paradise and can secure good employment in civil or private sector etc.
- Over 24 of our population who face poverty everyday of their life and helpless without the following disturbing statistics, more than one quarter of the population of the developing world still lives in poverty as measured by the human poverty index HPI.
Income poverty is more pervasive than human poverty and it continues to grow in other worlds, high unemployment has reduced highly educated people to poverty.
However, there is, no fact that cannot be over emphasized, that is no country can succeed in providing a reasonable standard of long for its citizens without developing its own trade institutions that are relatively large, technically sophisticated and able to complete in the international market, in that respects, cooperative activities must be developed and relatively large to absorb our employed population.
1.3 The Objective Of The Study
The objective or general purpose of the study/research is to investigate the effort of cooperative in generative employment in Nchara Oloko in Ikwuano L.G.A.
However, the specific objective of the study is as follows:
- To identify active cooperative societies existing in Nchara Oloko in Ikwuano L.G.A.
- To analyze economic activities of cooperative societies in the area.
- To assess the involvement of members in economic activities of cooperatives.
- To assess the impact of cooperative activities on employment generation in the area.
- To identify problems affecting cooperative in its activities.
- To analyze the problems of cooperative in the area.
- To make recommendations
1.4 Scope Of The Study
The scope of this write up is to know the role of cooperative in employment generation n our community using Nchara Oloko in Ikwuano L.G.A. as a case study.
The scope of this study is very wide if its has to be carried out in all Ikwuano L.G.A. the study is limited based on the fact that there is no time and materials resources to see the whole Nchara Oloko in Ikwuano government areas.
Also the scope have to be shortened in some selected cooperative in Nchara Oloko because of time (duration) finance proximity (distance) also inadequate data non-cooperative altitude of some official visited in limitation to the completion of this work. The phrase role of cooperative employment generation already brings to our attention that there are some other ways of employment generation but this study is religiously restricted to the role of cooperative only.
1.5 Research Question
- How many cooperative are still active in Nchara Oloko in Ikwuano L.G.A?
- Have cooperative impacted education on members and employees?
- Would you say that cooperative have created the much needed employment opportunities in your L.G.A?
- How committed are the members of your cooperative?
- As a member of a cooperative society have you ever applied for loan?
1.6 Statement Of Hypothesis
Ho: Cooperative has not played any role in employment generation in Nchara Oloko in Ikwuano L.G.A
Hi: Cooperative has played a vital role in employment generation in Nchara Oloko in Ikwuano L.G.A
1.7 Significance Of The Study
Cooperative business is the route to the ownership of capital and likewise participation towards the economic and industrial growth of a nation. This research is particularly importance to the growth of people as it provides the following.
- Opportunities to persons who may need to appreciate what constitutes cooperating business in generating employment are expected to be encountered.
- The study is practically significance to the Nigerian government as it affords the government aim opportunity to appreciate the problems facing the establishment which must be looking under laid down rules/principles.
- The profitability process venting in cooperative business.
1.8 Limitation Of Study
This study is limited to Nchara oloko in Ikwuano L.G.A. and the findings may not be valid for the whole local government but by and large, what happens in Nchara can be said to apply in other cooperative in the town.
All human activities are beset with some problems which the researcher encountered during the course of the study. Some of the problems are listed below:-
Firstly, problem of transportation due to the scarcity of fuel during the distribution and collection of the questionnaires for the project.
Moreso, problem of finance this made the researcher to limit the study to Abia state as she could not travel to gather facts outside Abia state.
Lastly, lack of time coupled with crowed semester programmed. The researcher was attending classes at the same time working on her project.
1.9 Definition Of Terms
It is a form of business, which involved the coming together of individuals who have same socio-economic problem to pool their resources together in other to help solve it. The cooperative must be registered and must be working under laid down rule/principles.
A business deals with buying and selling trade or commercial establishment. Also business is viewed as a means of satisfying human want. Because is that vital organ or society that is responsible for providing the society with goods and services.
It is the act of employment or using the state of being employed occupation, business, which one undertakes to occupy her time.
Is said to be an organizational process that is involved in utilizing human and materials resources of the organization for the purpose of accomplishing defined objectives. The need of coordinating efforts, towards attainment of results. It also implies the process of planning, organizing, directing and controlling the effort of organization members by using al other organizational goals.
This is measurement of effort by comparing how much is produced with the resources utilized.
This are short term loans given for production activities the loans are normally small and interest paid on it is not too high.
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