COOPERATIVE SOCIETY AND RURAL TRANSFORMATION

CHAPTER ONE

1.1 INTRODUCTION

The value of cooperative as an effective channel of rural transformation is widely recognized in advanced and less developed countries. In Nigeria for instance, government objective state since 1920, the issue of cooperative societies, particularly for socio-economic development of rural areas.

Presently, cooperative is almost a universal form of organization found in most countries of the world and used by people in many ways for the supply of farming and ways for the supply of farming and ways for the supply of fishing equipment, purchase of production equipment.

The ways in which cooperative idea can be beneficiary to the people in their every needs of the following:

1.02 BACKGROUND OF THE STUDY

The modern cooperative movement begin in England during the first part of the nineteen century. The cooperative society movement was a philosophy of life which a group of people adopt to help themselves, to solve the socio-economic problems of the time. The cooperative society was an invention of a necessity. It was an attempt to find solution to the problem of industrial solution that gave rise to cooperative society.

Cooperative was introduced in Britain by a man called “Robert owen” and Owen however, did not start with cooperative societies but with what was referred to as his own cooperative communities, which has called “village of cooperation”.

These communities were established as a reaction to the rising capitalism and the evil of it, Ebue (2006: 77). Owen was different from other factory owners because he was not greedy and advised the oppressed and suffering to come together to find solution to their economic and social problems. By forming cooperative society which means self-help through mutual help, Owen (1771-1858: 57).

The cooperative form of business is different from all other form of business organization because rural area depends largely on cooperative society in order for it to be transformed. A cooperative society is defined as an organization aimed and operated by its members. It is operated for the purpose of supplying goods and services to its members.

For a cooperative society to be operated as a business, it must be registered in the ministry of cooperative in the government which provides constitutional guideline for the cooperative society Anyanwu and Chima (1999:110).

In Nigeria, cooperative society features prominently in many areas of business including retailing, agriculture, banks like cooperative bank of Nigeria. Therefore, cooperative societies are basically formed to render an essential services to their members instead of making profit and to encourage the state of mutual help in the place of competition.

Cooperative societies are reasonable agents for rural transformation, since it requires active participation of their members in other for them to achieve their economic effort, goals and objective and through their combined efforts, rural areas would be transformed by providing the necessary requirements of the society through the government efforts and assistance.

Afikpo – North local government area of Ebonyi State place of my study has an estimated population of seem hundreds thousands people. Due to this dense population, the commercial life is on high level, thus the local government has many cooperative, thift and credit, product marketing, investment and credit, consumer and multi - purpose cooperative society.

This study therefore undertaken to find out the impact of these cooperative societies on the transformation of Afikpo – North Local Government Area of Ebonyi State.

1.03 Statement Of The Problem

Cooperative society as an effective channel for rural transformation are expected to be more likely to have their transformation are expected to be likely to have their programmes spread all over the area so as to work in a mutual relationship between the member and the non members in the rural areas if it proved to be agent for rural transformation since they bring a positive change to the entire communities through their activities. The has been however been observed that cooperative society do not mostly seek for the welfare of the rural areas but deeply concerned for the walfare of their members. As a result of this, the standard of living of people seems to have not significantly improved.

For instance the cooperative societies offer loan to their member at a very cheaper interest rate but offers loan to the non – member at a high interest rate, the problem is now that by so doing, the people or the rural dweller will find it so difficult to meet up with their various demand and this made a lot of people to line in hunger. Thereby increasing the poverty rate of the people day by day in the areas, despite the presence of much cooperative societies.

The above mentioned problem and other issue prompted this study to pose the fundamental question that “to what extant has cooperative societies contributed to the economic empowerment of the rural people and by extension rural transformation. It is is against this background that this research will address here in.

Objectives of the study

The objectives of the study in this work can be referred as the aim in which the study is being used and to the goal in which the study is attain to achieve after the study. Therefore the objective of this study are as follow:

1.05 Research Question

This can be seen as the various questions used by the researcher while carrying out his research. Therefore the research questions to this particular study can be deduced from the problems and important of this work. Sop it can be traced that the research question to this study are as follow:

1.06 Scope of the study

The scope of the study of this work is the area of coverage, the area in which this study covers.

This work cover in detail the cooperative societies in Amaizu, Enuohia, Amaozara, Mgbom, Kpohirikpo e.t.c all in Afikpo North Local Government area of Ebonyi State and its impact to the transformation of those areas staring from 2005 – 2016 and the positive impacts to the entire society in the area

1.07 Significance of the study

According to (owuka : 25/08/016) in a supervision on cooperative and rural transformation, he described significance as the inherent quality of something that attributed to the reason of studying it. Therefore, it can be noted that the significance of this study are as follow:

1.08 Definition Of Terms

The terms to be defined as it concerned this study are as follows:

1.09 limitation of the study

This should be taken as the certain factors, problems, challenges that are encountered while carrying out a research or writing of this work. The study encountered some challenges or problems during its courses which includes: lack of fund, poor data generation, limited time, environmental factors like rain all hinders this research.

Back To All Departments Project Topics and Materials »

If you have any Project Material or E-Book(s) and you want us to help you market it on our Website and you will earn money from sales,

Submit it Here!

RECENT BLOG POSTS
(Latest News Updates, Tutorials, ETC)

2025 NECO AGRICULTURAL SCIENCE QUESTIONS AND ANSWERS
2025 NECO Agricultural Science Questions & Answers (Essay and Objectives answers) ...

Read More �

2025 NECO FURTHER MATHEMATICS QUESTIONS AND ANSWERS
2025 NECO Further Mathematics Questions & Answers (Essay and Objectives anwsers) ...

Read More �

2025 NECO CHRISTIAN RELIGION STUDIES QUESTIONS & ANSWERS
2025 NECO Christian Religion Studies Questions & Answers, crk, crs, irs, irk, neco, neco 2025, ...

Read More �

HOW TO CONNECT WHM AND CPANEL TO WHMCS
2025 NECO ECONOMIC ESSAY AND OBJECTIVES QUESTIONS AND ANSWERS...

Read More �

2025 NECO CIVIC EDUCATION QUESTIONS & ANSWERS
2025 NECO Civic Education Questions and Answers (ESSAY AND OBJECTIVES) ...

Read More �

FEDERAL POLYTECHNIC UGEP ADMISSION SCREENING FORM 2024/2025
This is to inform the general public that the registration for 2024/2025 academic session Post Unified Tertiary Matriculation Examination (Post UTME) of Federal Polytechnic Ugep will commence on Monday 2nd September, 2024 and end on Monday 30th September, 2024....

Read More �

WHY DOCTORATE THESIS RESEARCH?
Why Doctorate Thesis research: The central purpose of a PhD thedis is to produce new, original insights that advance the body of knowledge in a particular academic discipline...

Read More �

HOW TO MAKE MONEY WITH E-MATERIAL PROGRAMME
In this programme, you can earn as much as 60% of the value of the material while we help you promote the material for sale. This is just an added way of making money with your material and does not stop you from your other marketing campaigns....

Read More �

HOW TO INSTALL VTU PORTAL CREATING SOFTWARE
Below are the steps to follow in Installing VTU Portal creating software. Download VTU Portal Creator from the purchase link and upload it to your Cpanel directory. Login to your site cpanel e.g. www.yoursite.com/cpanel. Open File manager ......

Read More �

HOW TO CREATE YOUR OWN VTU WEBSITE FROM SCRATCH
Below is a list of things you will need to create your VTU website from scratch: A Domain Name, A Web Hosting Account/Space, A Website Template or Wordpress, A Text Editor, A Laptop, Desktop, or Smart Phone, A VTU Portal Creating Software, A reliable internet connection, A VTU business Account...

Read More �