ASSESSMENT OF THE ROLE OF COOPERATIVE SOCIETIES IN POVERTY ALLEVIATION
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ASSESSMENT OF THE ROLE OF COOPERATIVE SOCIETIES IN POVERTY ALLEVIATION
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ASSESSMENT OF THE ROLE OF COOPERATIVE SOCIETIES IN POVERTY ALLEVIATION.

(A Study of FRCN Kaduna Multipurpose Cooperative Society)

 

ABSTRACT

This study investigates the Role of Cooperatives in Poverty Alleviation. The study was based in the Federal Radio Corporation of Nigeria Kaduna Multipurpose Cooperative Society. The research review the literatures of related study and were duly acknowledge. Data were collected through constructed questionnaire and interview methods comprising members of the study area. Using systematic sampling techniques. The perceptible equations and tabular illustrations were used to present data Obtained in the Study. Results obtained from the study suggested that members of the study area and the public benefit immensely from the activities of cooperative societies. Hence, cooperatives help to alleviate poverty amongst its members.

 

CHAPTER ONE

INTRODUCTION

From the beginning of mankind, man has been engaged in a continuous battle to liberate himself from the shackle condition of life called poverty. Consider the following situation.

  1. A destitute is begging for alms at Public Park to buy food from a nearby food stand.
  2. A young university trained professional lost her job a few months ago and her bills are mounting because she is still employed.
  3. An investor is unable to pay his children’s school fees this semester because his expected earning from investments did not materialize.
  4. A millionaire needs to take tranquilizer every night because he cannot sleeps without them.

Which of these four people would you consider poor? A is both income poor and socially deprived. B may not be socially deprived. Being well educated but she is income poor, being educated but she is income poor, being out of employment. C is cash poor, but only for a short time because he can convert has investment into cash if necessary. D is not poor by any material standards but he is spirit poor because money cannot buy him a sound sleep.

In general, a discussion of poverty as a socio – economic issues is limited mainly to the situations covered in A and B above. But cooperative’s pride themselves as “enterprises” with a soul” will target all four cases.

The definition and measurement of poverty can be quite elusive. It varies from place to place and from time to time. Poverty is a condition of life so degraded by disease, illiteracy malnutrition as it denies the basic human necessities. It is therefore difficult to give a precise definition of poverty. But the poor society in terms of their economic, cultural Social and psychological condition. In an attempt to attack this chronic disease (poverty) the basic problems of development should be redefined as a selective attack on the worst form of poverty.

Developmental goals must be defined in terms of the progressive reduction and eventually elimination of malnutrition, diseases, illiteracy, unemployment and inequality. Once again the relationship between poverty and development is clear. Where there is abundant poverty there is little or no development. After all, the process of development itself is geared towards the elimination of poverty and inequality in order to give room for a better life for mankind.

Cooperatives societies which is primarily to alleviate poverty among people because the purpose of incorporating the society is to meet the common felt needs of the members and the general public on social and economic needs as well as cultural aspirations of the individual thereby complementing the efforts of the government towards the alleviation of poverty in the society. Cooperatives is aimed at receiving the policies towards alleviating of poverty in the society in terms of their economic, cultural, social and psychological condition of both members and the general public. Over the years cooperatives has made efforts in reducing the poor standards of living of the poor masses in the society. Hence the importance of Cooperatives towards the alleviation of poverty can not be over emphasized; it can be summarized in the following succeeding lines:

  1. Cooperatives encourage the poor in the society to save little money that may be encountered, so that they can conveniently solve the problems.
  2. Cooperatives create/open up viable avenue for the less privilege to benefit from government and any other credit outside their places of work in order to enable them solve immediate problems and other top benefit from them.
  3. Stimulation of economic growth through the engagement of semi skilled and unskilled labour in productive activities.
  4. Minimizing rural – Urban drift through the improvement of rural communities. 
  5. Empowering the environment to arrest environmental deregulation.

 

Programme activities and strategies to achieve the objectives of cooperatives towards alleviation of poverty include.

  1. Cooperatives are trying to reduce the alarming rate of poverty through the provision of goods and services at a cheaper cost for the common average man to afford.
  2. Cooperatives help to prevent exploitation of the less privilege. By organizing workshop/seminars to educate areas that are yet to develop in terms of education, inadequate health centers, inadequate companies to work for their daily wages in order to better their lives and reduce the rate of poverty in the society.
  3. Empowering women and men to participate in decision that affect lives and that enables them to build their strengths and assets.

 



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