CAUSES OF THE INEFFECTIVENESS OF THE COOPERATIVE SECTOR IN DEVELOPING THE ECONOMY (CASE STUDY OF KRPC MULTI-PURPOSE COOPERATIVE SOCIETY KADUNA)

 CAUSES OF THE INEFFECTIVENESS OF THE COOPERATIVE SECTOR IN DEVELOPING THE ECONOMY  (CASE STUDY OF KRPC MULTI-PURPOSE COOPERATIVE SOCIETY KADUNA)   Background of the Study

There are many definitions of cooperatives but for the purpose of this research work. We define Cooperatives, I.C.A. (1995) as “An autonomous association of persons united voluntarily to meet their common economic, social, and cultural needs and aspirations through a jointly owned and democratically controlled enterprise. While Babcolle, H. B. said “A corporative is a legal, practical means by which a group of self selected persons seek to improve their economic position in a competitive society”.

From the above definitions one would note that cooperative is a business organization established by the economically weak member of the society with the sole aim of improving their economic circumstances.

However economic development does not connote a general increased in the output of goods and services. It is a means of improving the condition of work and living standard of majority of the people. The main objectives that economic development should promote a greater sense of confidence and self-reliance in the economy. Thus economic development is therefore a process in which the problems of poverty, deprivation as well as human degradation is being eliminated or minimized. This means that economic development must seek to transform the society and its people to a better status. Hence this calls for a conscious effort on the part of the authority and people themselves.

The cooperative business was initially established to fight against profits and exploitation. It aimed at transferring economic power to the members who established the business. This is evidence by the fact that in developed countries likes Germany, Britain, Sweden, Norway, Denmark and Israel. The cooperative sectors played a vital role in socio economic transformation of their people.

Given these considerations therefore, the government as well as the general public are required and called upon to give support to the cooperative sector. This is necessary because the cooperatives could be able to improve the socio economic circumstances of the members and also reduce poverty in the society by creating employment and improving productivity. This paves ways for economic growth and development.

The idea of CABS Investment and Credit Cooperative Society (Ltd) Kaduna Polytechnic was initiated by Mr. J. J. Buden in May 2005. And by January 2006, the society was fully registered with Kaduna State Government certificate number KDS7030. Membership of the society was ninety-five (95) in December 2006, and rose to 195 members in May 2010. Previously the total assets valued at N10.925m but rose up to N47, 670,000 in June 2010.

CABS Investment and Credit Cooperative Society Ltd was established with the aim of advancing and protecting the common economic, social and cultural needs and aspiration of its members, with a specific mission of encouraging and promoting in its members the habits of saving and investment that would be beneficial to them even after their active services.

Statement of the Problem

The cooperative business was initially established to fight against profit and exploitation. It aimed at transferring economic power to its members who established the business. This is evidence by the fact that in developed countries like United State of America, Germany, Britain Sweden, Israel, Demark and Norway the cooperative sector played a vital role in socio economic transformation of their people. However, the cooperatives sector is not performing up to expectation in most under developed countries like Nigeria. This is the problem of this study.

Objectives of the Study To find out the causes of the ineffectiveness of the cooperative sectors in developing the economy. To examine the efficacy of the activities of the cooperative sector in developing the economy To find out the problems that causes ineffectiveness of the cooperative sectors in developing the economy. To provide solutions and suggestions to the problems that causes ineffectiveness of the cooperative sector in developing the economy.

Research Question What are the causes of the ineffectiveness of the cooperative sector in developing the economy? What is the efficacy of the activities of the cooperative sector in developing the economy? What are the problems that cause ineffectiveness of the cooperative sector in developing the economy? What are the solutions and suggestions to the problems that cause ineffectiveness of the cooperative sector in developing the economy.

Significance of the Study

This study examines the causes of the ineffectiveness of the cooperative sector in developing the economy. The significance of a study of this magnitude cannot be overemphasized. The Government Cooperative Department, Cooperative Societies, business organization involved in cooperatives activities are well as students and other researchers will benefit from the findings of this research work.

The findings will serve as a basis for formulation and implementation of policies related to cooperative business for the Government Cooperative Department and other Organization that are involved in cooperative venture. Furthermore, members of the general public who are interested in cooperative will use the result of this study as a booster to the formation of new societies or becoming members of existing societies. It will also help members of cooperative society in decision making for the interest of their society.

Finally, this research work is of scholarly importance to students and other researchers in the same area of study and it will also serve as a spring board or reference material for other scholars in their own research work.

Scope and Delimitation

 

This study examines the causes of the ineffectiveness of cooperative sector in developing the economy. An examination of how the activity of the cooperative sector affects the development of the economy. The study equally covers an in-depth examination of the possible problems that causes the ineffectiveness of the cooperative sector. The study is restricted to KRPC Multipurpose Cooperative Society Ltd in Kaduna South local government and CABS Investment and Credit Cooperative Society Ltd Kaduna Polytechnic.

1.8    Definition of TermsAspiration:       Strong desire to have or do something.Business:         The activity of buying and selling of goods and                              services.Cooperative:    Working together with others toward a shared aim.Credit:             An arrangement that you borrow money from some                       one.Cultural:          The customs, norms, or belief of a particular group of persons.Democracy:     A fair an equal treatment of every one in an                                  organization.Development:  The gradual growth of something so that it becomes stronger and more advanced.Economic:        The activity of trade, industry, and development of wealth of a country or society.Enterprise:       A business or company.Investment:     The act of buying property or share in order to make profit.Members:        A person that belongs to a particular society or                              group.Multipurpose:  Able to be use for several different purposes.  

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How To Write Chapter Three Of Your Research Project (Research Methodology)

  • Methodology In Research Paper


    Chapter three of the research project or the research methodology is another significant part of the research project writing. In developing the chapter three of the research project, you state the purpose of research, research method you wish to adopt, the instruments to be used, where you will collect your data, types of data collection, and how you collected it.

    This chapter explains the different methods to be used in the research project. Here you mention the procedures and strategies you will employ in the study such as research design, study design in research, research area (area of the study), the population of the study, etc. You also tell the reader your research design methods, why you chose a particular method, method of analysis, how you planned to analyze your data.

    Your methodology should be written in a simple language such that other researchers can follow the method and arrive at the same conclusion or findings.

    You can choose a survey design when you want to survey a particular location or behavior by administering instruments such as structured questionnaires, interviews, or experimental; if you intend manipulating some variables.

    The purpose of chapter three (research methodology) is to give an experienced investigator enough information to replicate the study. Some supervisors do not understand this and require students to write what is in effect, a textbook.

    A research design is used to structure the research and to show how all of the major parts of the research project, including the sample, measures, and methods of assignment, work together to address the central research questions in the study. The chapter three should begin with a paragraph reiterating the purpose of research. It is very important that before choosing design methods try and ask yourself the following questions: Will I generate enough information that will help me to solve the research problem by adopting this method?

    Method vs Methodology

    I think the most appropriate in methods versus methodology is to think in terms of their inter-connectedness and relationship between both. You should not beging thinking so much about research methods without thinking of developing a research methodology.

    Metodologia or methodology is the consideration of your research objectives and the most effective method and approach to meet those objectives. That is to say that methodology in research paper is the first step in planning a research project work.

    Design Methodology: Methodological Approach

    Example of methodology in research paper, you are attempting to identify the influence of personality on a road accident, you may wish to look at different personality types, you may also look at accident records from the FRSC, you may also wish to look at the personality of drivers that are accident victims, once you adopt this method, you are already doing a survey, and that becomes your metodologia or methodology.

    Your methodology should aim to provide you with the information to allow you to come to some conclusions about the personalities that are susceptible to a road accident or those personality types that are likely to have a road accident.

    The following subjects may or may not be in the order required by a particular institution of higher education, but all of the subjects constitute a defensible in metodologia or methodology chapter.

    Click here to complete this article - How To Write Chapter Three Of Your Research Project (Research Methodology)

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