COURSES OF FAILURES IN CO-OPERATIVE SOCIETY [CASE STUDY OF UKWA CO-OPERATIVE MULTI PURPOSE SOCIETY]
PREFACE
As a project work that requires a case study of one or more co-operative societies, material have been extensively utilized. Co-operatives have always been considered as instrument for achieving the needed socio-economic transformation of the economic sector especially in the rural areas of the country. However, despite the various efforts made by governments, co-operatives are yet to make the expected impact anticipated by the country. This has been as a result of certain factors, which this book attempts to analyze properly.
This book disseminates the numerous problem and reasons of failure in co-operative societies. The style of presentation is simple and comprehensible. Also, the research methodology could be easily understood by the reader, and references have been provided which were used in the course of the writer up.
The book contains five chapters which deal on new but related topics.
The last chapter deals more on the subject mater. It is also devoted to solving some of the problem causing failure in co-operative societies in Nigeria.
TABLE OF CONTENT
Chapter One
Chapter Two
Chapter Three
Chapter Four
Chapter Five
Bibliography
CHAPTER ONE
1.1 BACKGROUND OF THE STUDY
Cooperative have been in existence in Nigeria right from the pre-colonial days. Infact, co-operatives date back as early as there was communal life co-operative were not as sophisticated then as they are now, yet they served useful purposes which characterized communal living of the people.
Co-operative movements officially dated from 1935 after the submission of the Strickland report in 194 on the establishment of co-operative society ordinance in 1935. This period from 1935 was attributed to the period of modern co-operative then the movement became formalize and consolidated.
In addition the various governments have made different attempts at ensuring that they do not toil, especially in their main or mayor objectives. Some of these encouraging and efforts made by government include the establishment of Federal Ministries of Employment, labour and productivity, and ministry of agriculture prospectively, the establishment of three co-operative college in the country, formation of the agricultural co-operative marketing association, among others. All these are aimed at ensuring that co-operative do not fail or assume a backward position in the economic transformation of the country. A lot of co-operative societies at different levels that is, Apex, secondary and primary have been set up in the country recently. Also, government officials are usually assigned to monitor and inspect these societies to ensure their compliance with the national standards for co-operative societies and to ensure that their viability to the nation. Despite these moves, co-operative societies tend to record failures in their operations such as low productivity, poor membership. Low patronage, inability to better the living standard of the co-operative, over dependence on government aids and sponsorship, etc.
The aims and purpose of this book is to concisely describe the causes of failure in co-operative societies especially in our present day economic turbulence. This is an appraisal of co-operative societies from the grassroots tot he top, which is aimed at diagnosing the causes of failure of cooperatives, their remedies and solutions. It is not meant to be a mere work of literature, but is aimed at informing and containing co-operative officials and other prospective co-operators who are venturing into the business or have already vented into it. From experience and available information, a lot of co-operative societies failed mostly because of inadequate feasibility studies of such societies before venturing into the business. At times, the problems of the co-operatives are not caused by “what is being done” but rather “who is not being employed or elected to handle the hems affair”. This study will therefore assist the readers to ascertain the root of failures in co-operative and the way out.
1.3 CO-OPERATIVE SOCIETIES
Chapter three concentrates on a case study of a primary society in Enugu State. It treats the design of the research and methodology, the sources of data and then finally the functions of the co-operative society used in the research. The last chapter which is chapter four deals with the summary of causes of failures in co-operatives, the general finding and solution to the problems. The chapter ends wit a conclusion and references were made at the end of the book.
Nevertheless, the study has some limitations because materials are not sufficient enough and they are not easily available. As a result of this scarcity and insufficiency of materials, there were not exhaustive data and information as regards the subject matter.
Also, the research does not cover a wide range of co-operative society due to certain financial and bureaucratic constraints. As a result only one primary society was used there by making certain dates and information contained to mostly such societies. But, it is assumed that the problem highlighted in the book is however experience by almost every co-operative society in and is very authentic and valid though most of the information in the books and journals available in libraries and during seminar on co-operative matters.
1.4 RESEARCH QUESTION
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