Impact of Cooperative Societies on the Welfare of Members in Public Sector
CHAPTER ONE
OBJECTIVES OF THE STUDY
The main objective of the study is to examine the impact of cooperative society on the welfare of members using Ado-Odo Ota local government as a case study. The objective are
- To show the level of government commitment towards cooperative development in Ado-Odo Ota local government.
- To access the standard of living of the members compared to non members to carry out activities in the public sector.
CHAPTER TWO
LITERATURE REVIEW
CONCEPTUAL FRAMEWORK OF COOPERATIVE SOCIETIES
WHAT IS COOPERATIVE SOCIETY?
Cooperative society is defined as an enterprise or industry which is a legal entity that allows medium and small sized enterprise to acquire some advantages of size such as economies of scale, access to market, access to finance, purchasing power and management development and transfer capacity whilst retaining their independence and flexibility.
Enikan selu (2000) defined cooperative society as a form of business organization, established by illuminated members of persons who voluntarily associate themselves together on the basis of equality of voting for a common purpose based on some internationally acceptable principles, ICA (international cooperative alliance) also defined cooperative society as an association of persons unified voluntarily to meet their common economic social and cultural needs and aspiration through a jointly owned and democratically controlled enterprise.
A member’s influence and vice is a cooperative society should not depend on his wealth or his political or social position but in his purely human qualities such as honesty, intelligence and tact. Some idea are carried out on the basis of equality, there are several ways to ensure members of a cooperative society associate themselves as human beings on the basis of equality in which one is insisting on the rule of one vote, another is by limiting the amount of share capital which may be held by any member, the hard way is by ruling that only person of a certain class. Another way is to educate all the members to take part in discussing freely instead of agreeing automatically with the senior members of the last speaker.
However, the phase economic interest in Cooperative practice has been stretched in order to cover other spheres of action, politics, religion, fine arts and science are only great field of actions which are considered suitable for cooperative enterprises. The organization is for a better diet, precaution against diseases and for sanitary measures in town and in the country for the extension of education and of group agreement on the removal of social evils and the speeding of better customers.
Nevertheless, it should be remembered that the greatest services so far rendered by cooperation have been entirely in the purely economic sphere namely, the provision of loans through societies and organization of cooperative trading society.
CHAPTER THREE
RESEARCH METHODOLOGY
RESEARCH DESIGN
Research design refers to the procedures, methods and actions employed to develop a research work. Aakar and Dady (1980:42) defined a research as the detailed blues print use to guide the implementation of a research study towards the realization of the objectives.
In this chapter, the method and procedure used by the researcher to collect, select and analyze information pertinent to this research work is explained. The quality of the data and the method of analysis will facilitate the quality of the research.
CHAPTER FOUR
DATA ANALYSIS AND INTERPRETATION
INTRODUCTION
Data presentation and analysis commences the moment data have been gathered from the field. These data are pooled from the respondents. These data are the list of responses contacted in each questionnaire as computed by each of them which represents their diverse view or opinion, on a wide range of issues which form the total point of research.
A raw data collected by any method employed in a research will remain raw unless it is presented and analyzed. In other words without analysis, research data is meaningless in terms of assisting the researcher quest for truth or to answer the question in the mind of the researcher, for the data to be helpful, it must be collected, presented and analyzed with some tools of statistics. The data ultimately will be interpreted after the analysis.
In this research work, 74 questionnaires were given, 70 questionnaire were returned. Below is the analysis of the questionnaire.
CHAPTER FIVE
SUMMARY OF FINDING, CONCLUSION AND RECOMMENDATION
Based on the data collected and analysed it would be thus said that the study; the following major finding were made.
SUMMARY
Joining co-operative societies makes things easier for people, it encourages them to have personal savings which could be withdrawn at anytime for personal use.
- The huge profit that would have be gained by the seller are from individuals from a wholeselllers who of course buys in bulk and then inflate prices before selling it out to the retailers who would also want to make profit on their own, profit on their resale , thereby making the goods a nd services very expensive.
- They are more benefits in co-operative soceities in terms of consumers co-operative soceity were the members are to purchase their requirements at cheaper rates as far as their consumers shop.
4 The middlemen would have been eliminated by the co-operative soceity because they purchase required items directly from their manufactures and sell to their own members at reduced or factory price.
- The goverment have played theirf roles in the development of co-operative soceities.
- Co-operative soceities improves the welfare and living standard of living of its members .
CONCLUSION
Condusively one can say authouritaively that without any doubt of mind that co-operative soceities is very vital to the development of Ado-Odo Ota local goverment area of Ogun state and of course to all memers of the organisation.
Secondly, co-operative also help in the fair distribution of money in circulation to its members.
However, personaly I believe strongly that if the Nigeria local content is fully implement, it will give the co-operative soceities the opportunity to ensure stability in the public sector and also encourage the Nigeria economy growth.
RECOMMENDATION
Based on the findings of the above, the following recommendation are hereby made to enhace the effectiveness of co-operative soceities in the public sector and they are;
- Government should assist the co-operative members financially and morally to enable them acheive their objectives at a maximum rate since it would help the public sector as a whole.
- Co-operative soceities should also endeavour to register their soceities so that they could be assisted by the co-operative field officials for smooth running of the soceities.
- Co-operators should also ensure that their savings are paid regularly
- Co-operators should comply with the laws that governs the co-operative soceities.
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