Cooperative Society as an Agent of Rural Development
ABSTRACT
This study was conducted into Cooperative Society as an agent of rural development with ADOODO/OTA Local Government as a case study. The study is divided into five chapters. Chapter one introduces the subject matter as well as the object of the case study. It presents the proposal for the work and the significance of the study. Finally, it defines key terms used in the study.
Chapter Two presents a literature review on the theoretical framework, empirical framework, and conceptual framework of Cooperative Society. Rural development was also discussed in this chapter. Chapter three presents the procedure adopted by the researcher in the conduct of the study.
This involves the gathering of data which will be analyzed and presented with a view of finding solutions to the research problems. Chapter four deals with the data analysis and discussion and testing of research questions.
Tables and percentages as well as Test-re-test were used in analyzing and testing the research questions. Chapter five, being the conclusive chapter, presents a summary of findings and recommendations. The limitations of the study were also discussed and suggestions for further studies made.
TABLE OF CONTENT
Dedication iii
Abstract v
Table of content vi – viii
CHAPTER ONE – INTRODUCTION
1.1 Background to the Study 1
1.2 Statement of the problem 2
1.3 The Objective of Study 3
1.4 Research Question 4
1.5 Research Hypothesis 4
1.6 Significance of study 5
1.7 Scope of study 5
1.8 Definition of Operational Terms 5
CHAPTER TWO – LITERATURE REVIEW
2.1 Meaning of Cooperative Society 8 – 9
2.2 Characteristics of Cooperative Societies 10 – 11
2.3 Formation of a Cooperative Society 12
2.4 Types of Cooperative Societies 13 – 14
2.5 Advantages of Cooperative Society 15
2.6 Benefits of Cooperative Societies 16
2.7 Prospects of Cooperative Societies 17
2.8 Rural Development 18
2.9 The impact of Cooperative Societies on Rural Development 19
2.10 Problem faced by Cooperative Societies in rural development 20
2.11 The need for re-engineering cooperative societies 21
CHAPTER THREE – RESEARCH METHODOLOGY
3.1 Introduction 23
3.2 Research Design 23
3.3 Area of study 24
3.4 Population of study 24
3.5 Sample and Sampling Techniques 24
3.6 Sources of Data Collection 25
3.7 Instrument used for Data Collection 26
3.8 Test of validity and reliability of research Instrument 26
CHAPTER FOUR – DATA ANALYSIS PRESENTATION AND INTERPRETATION
4.1 Introduction 27
4.2 Data Presentation and Analysis 27
Analysis of Research Questions 28
Analysis of Questionnaire 30
4.3 Discussion of findings 34 – 35
CHAPTER FIVE – SUMMARY, CONCLUSION, AND RECOMMENDATION
5.1 Summary 36
5.2 Conclusion 37
5.3 Recommendation 38
REFERENCES 40
INTRODUCTION
Today, in an era when people feel powerless to change their lives, Cooperatives represent a strong, vibrant, and viable economic alternative. Cooperatives are formed to meet people’s mutual needs. They are based on the powerful idea that together, a group of people can achieve goals none of them could achieve alone.
For over 160 years now, Cooperatives have been an effective way for people to exert control over their economic livelihood. They provide a unique tool for achieving one or more economic goals in an increasingly competitive global economy.
As governments around the world cut services and withdraw from regulating markets, Cooperatives are being considered useful mechanisms to manage risk for members in agricultural or other similar Cooperatives, help salary/wage earners save for the future through a soft felt monthly contribution that is deducted from source.
Own what might be difficult for individuals to own by their efforts, strengthen the communities in which they operate through job provisions and payment of local taxes. From the 1950s to the mid-1980s, Cooperatives played a central role in the economic planning of post-colonial nation-States and other developed countries.
Cooperatives were a target for a considerable amount of development assistance. This aid did produce some self-sustaining Agricultural Cooperatives especially for farmers close to Urban Markets or who were strategically placed for exporting their produce (Joseph.G.Knapp 1962).
REFERENCES
Abrahamsen, M.A (1976). Cooperative Business Enterprise. New York: Mc Craw Hill Books Company.
Akowe, J. (2002). Small scale development in Nigeria. The Democratic Formula for the Current Dispensation. Lokjoja: Haward Printers.
Arvindrai, N.D. (2008). Research Methodology In Management. New Delhi: APH Publishing Cooperative.
Asaolu, T.O. (2004). Evaluation Of The Performance Of The Cooperative Societies Investment And Credit Societies (CICS). Osun State: Ben Johnson Publishing.
Bardam, D.M. (1990). Research Method In Administered Sciences. Port Harcourt: Belk Publishers.
Eboh, E.C. (2004). Social And Economic Research, Principles And Methods. Lagos: Academic Publication And Development Resource Limited.
Eprtimehin, F.M. (2006). Understanding The Dynamics Of Cooperatives. Ibadan: Tadon Publishers.
JOURNAL
Dogarawa A.B (2005). The role of Cooperative Societies in Economic Development, department Of Accounting. Ahmadu Bello University, Zaria-Nigeria.
Odo, M.O. (2003). Rural Development, ESUT Journal Of Administration (EJA). Vol. 13(4), 70- 73.
Osadebamwn A.O. (2015). An assessment of Cooperative society as a strategy for rural development in Edo State of Nigeria, Journal of rural and Community Development Vol.10 No. 1
Sanni T.A, Onuoha H.C, Christopher S.P and Harelimana P. (2010), Cooperative Association as a tool for rural development and poverty reduction in Rwanda, Educational research vol.1(11) http://www.interesjournals.org/ER
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