Effects Of Co-Operative Societies On The Standard Of Living Of Its Members. (A Case Study Of Nestle Nigeria Plc, Agbara )
ABSTRACT
This research paper focuses on the impact of co-operative societies on the standard of living of its members with particular reference to Nestle Nigeria Plc.
The aim of this project work is to investigate the ways in which co-operatives can act as agents towards sustainable community on the standard of living on the members of Nestle Nigeria Plc.
In pursuance of this research work, the analytical survey method through the aid of questionnaire was used to collect data from prospective respondents [60 Respondents was used].
This project is a descriptive survey which involves the collection of data for the purpose of describing the impact of co-operative societies on the standard of living of its members.
In conclusion, this project work concludes that, to be effective and successful, co-operatives must continuously achieve two inter-related goals among the members of Nestle Nigeria Plc. For instance, the consumer co-operative society’s main goals and plans of his society are to form arrangement for the pecuniary benefit and the improvement of the social and domestic condition of its member by raising a sufficient amount of capital in shares of two naira each.
And for the Housing co-operative society, their goal is to assist the member to have their own houses.
TABLE OF CONTENT
TITLE PAGE
CERTIFICATION
DEDICATION
ACKNOWLEDGEMENT
ABSTRACT
CHAPTER ONE
- INTRODUCTION 1
1.1 BACKGROUND OF THE STUDY
1.2 OBJECTIVE OF THE STUDY
1.3 LIMITATION OF THE STUDY
1.4 RESEARCH QUESTIONS
1.5 HYPOTHESIS OF THE STUDY
1.6 SIGNIFICANCE OF THE STUDY
1.7 SCOPE OF THE STUDY
1.7 DEFINITION OF TERMS
CHAPTER TWO
2.0 LITERATURE REVIEW
2.1 NATURE, SCOPE AND EVALUATION OF
CO-OPERATIVE SOCIETY
2.2 CO-OPERATIVE SOCIETY IN FOREIGN COUNTRIES
2.3 HISTORICAL BACKGROUND OF CO-OPERATIVE
SOCIETY IN UNILEVER NIGERIA PLC
2.4 GOALS AND MODE OF OPERATION OF
CO-OPERATIVE
2.5 PROBLEMS AND SOLUTION TO CO-OPERATIVE
2.6 IMPORTANCE OF CO-OPERATIVE SOCIETY
CHAPTER THREE
3.0 RESEARCH METHODOLOGY
3.1 POPULATION SIZE
3.2 METHOD OF DATA COLLECTION
3.3 SAMPLING AND SAMPLING PROCEDURE
3.4 DATA COLLECTIONS INSTRUMENT
3.5 PROCEDURE FOR DATA ANALYSIS
CHAPTER FOUR
4.0 DATA ANALYSIS AND PRESENTATION OF RESULT
4.1 INTRODUCTION
4.2 PRESENTATION OF DATA
4.3 ANALYSIS OF RESPONSE
4.4 HYPOTHESIS TESTING
CHAPTER FIVE
5.0 SUMMARY, CONCLUSION AND RECOMMENDATION
5.1 SUMMARY
5.2 CONCLUSION
5.3 RECOMMENDATION
REFERENCES
QUESTIONNAIRE
CHAPTER ONE
- INTRODUCTION
1.1 BACKGROUND OF THE STUDY
The co-operative moment began in Europe in the 19th century, primarily in Britain and France although the shove porter society claims to be one of the world’s first co-operative being established in Aberdeen in2005 (although it has since demutualized to become a private partnership). The industrial revolution and the increasing mechanism of the economy transformed society and threatened the livelihoods of many workers. They attempted to address describe the climate at the time. The first documented consumer co-operative was founded in 1769 in barely furnished cottage in Fenwick, East Ayrshire, when local weaver man handled a seeks of oatmeal into John walkers white washed from room and began selling the contest at a discount forming the Fenwick weavers society.
A co-operative society is an autonomous association of person united voluntarily to meet their common economic, social and aultival needs and aspiration through a jointly owned and democratically controlled enterprise.
A co-operative society is another means for forming a legal entity to conduit business besides forming a company. Is it possible to business co-operative society to people seeking a co-operative society when they require it services does co-operative society need to be. Those questions were used almost two decade ago.
Creation of mankind co-operative has entrusted between the first man that is Adam and the first woman Eve, with those devil it seen co-operative was especially designed by God for the human race. Furthermore co-operative is not limited to man alone. It also occur among insect such as ant, termite etc. the world co-operative is said to be derived from two lotion words ‘co-operative’ meaning together and ‘operation’ meaning cause to work be in action with others. Therefore this definition helps to remembers that co-operative does not consist of a small compact group of ideas or practice but is sometimes much bigger namely a form of organization or a way of doing things. It is said that many worker who ordinarily would have remained poor due to the low saltines and entitlement or even rich due to their membership of co0operative societies. it is an organization owned by members/ customers who pay monthly or annual membership fee or contribution or annual membership fee or contribution and also shares in any profits (if it’s a profit making organization). The welfare of the members is taken into consideration in any of it’s dealings. In a co-operative society, there is a high standard of democracy.
The co-operative movement has been necessitated to protect the interests of weaker sections of society. The primary objectives of this movement is “ how to protect economically weaker sections of society”. In all forms of organization, be it is a sole trade, partnership or joint stock company, the primary motive is to increase profits.
Co-operative societies are voluntary association started with the aim of service to members. Hubert calvert says “ co-operation is aform of organization wherein persons voluntarily association together as human beings on the basis of equality for the promotion of the economic interest themselves”.
Dr H.N. kuunzen defines co-operative as “ co-operative is self help as well as mutual help. It is a joint enterprise of those who are not financially strong and cannot stand on their legs and therefore come together not with a view to get profit but to overcome disability arising out of the want of adequate financial resources.
1.2 STATEMENT OF THE PROBLEM
The primary aim of any co-operative society is to meet economic, social and cultural of members if well operated and managed.
Despite the prospect and significance of thirft and credit co-operative societies, some people are still reluctant in joining or participating in thrift and credit societies. It has unfortunately been discovered that most thrift and credit co-operative societies are not very effective in the business activities.
Consequently they end up not achieving their goals. As a result of this the study will try to find out the factor that militates against the enhancement of living standard of it’s members. Furthermore in most cases, the members saving are embezzled or misappropriated. It is in the light of this that it is doustful whether thrift and credit co-operative societies actually perform their roles, that is why thjis topic is conducted to examine their effect so that the situation can be addressed before it get out of hand
1.3 OBJECTIVES OF THE STUDY
The main objectives of the study is to examine the impact of co-operative society on the living standard of unilever members. The objective are:
- To investigate the relationship between co-operative society and organizational performance.
- To assess the standard of living of the members compare to non-members to carry out the within the organization.
- To identify the uses of funds of co-operative societies.
1.4 RESEARCH QUESTION
- Is there any relationship between co-operative society and organizational development?
- Does co-operative societies have effect on member’s standard of living ?
1.5 STATEMENT OF HYPOTHESIS
Ho. There is no significant relationship between the co-operative society and organizational performance.
Hi. There is significant relationship between the co-operative society and organizational performance.
Ho. Co-operative society does not have any significant effect on member. standard of living
Hi. Co-operative society have a significant effect on member. standard of living
Ho. Co-operative societies does not identify the uses of funds
Hi. Co-operative societies identify the uses of funds
1.6 SCOPE AND LIMITATION OF THE STUDY
The scope of this project will be on co-operative society its organization information and some of its problem. Its purpose is to be limited to the topic area alone but like house Endeavour to go a little further to give the reader more knowledge about co-operative activities. We also want to go beyond this but as a result of financial constraint we could not but we hope this let will be very useful to anybody who want to know anything about co-operative society.
However, the limitation shall be the stress of moving to the source of information, the running cost, the problem of false information. E.t.c. which may likely be a major challenge in the course of carrying out the research work.
The researcher will concentrate majorly on the staff on Nestle Nig PLC Agbara branch.
1.7 SIGNIFICANCE OF THE STUDY
It is becoming very apparent that people still find it difficult or almost impossible to raise capital for their respective business transactions. This analysis would have at end made a critical analysis of the various methods of raising capital with particular reference to co-operative society with the main intention of highlighting the prospect and trends of co-operative societies in Nigeria as it affect capital formation. It is hoped that the result or findings from this study will contribute to knowledge in the area of capital formation as well as a contribution to policy framework with respect to co-operative society in Nigeria.
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1.8 PLAN OF THE STUDY
CHAPTER 1: This chapter, the introducing chapter entails :- Background of the study, Problem of the study, Objectives of the study, Research questions, Research hypothesis, scope and limitations of the study, significance of the study and operation definition of terms.
CHAPTER 2: The chapter dwells in the write ups of authorities in the area of the study issues for review include: conceptual framework, theoretical framework, empirical framework and limitation in literature review.
CHAPTER 3: This chapter, the methodology chapter is subdivided into: research design, population of the study, sample and sampling techniques, data collection instrument, reliability and validity test, model specification and method of data analysis.
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1.9 DEFINITION OF TERMS
CO-OPERATIVE: Is a group of people acting together to meet the common needs and aspirations of its member, sharing ownership and making decision democratically.
SOCIETY: is the aggregate of people living together in a more or less ordered community. An organized group of persons associated together for religious benevolent, cultural, and scientific.
ENTERPRISE: A business or company. A project or activity that involves many people and that is often difficult.
MEMBER: A person, country, or organization that has joined a group, society or team.
FINANCE: The management of large amounts of money, especially by governments or large companies.
ECONOMIC DEVELOPMENT: Is the development of economic wealth of countries, regions or communities for the well being of their inhabitants
SOCIAL DEVELOPMENT: Is defined as prioritizing human needs in the growth and progression of society.
SHARE OF MEMBER: member contribution or part of co-operative profit to be disturbed to members or profit that belongs to members.
CONSUMER CO-OPERATIVE SOCIETY CCS: This is formed by consumers who pool their resource together to enable them buy goods directly from the producers at chapter price.
CO-OPERATIVE THRIFT AND CREDIT: SOCIETY (TCS) This is a society in which member make contribution to a fund and out of which they apply for loans. The interest charged on the loan is usually very low. It saves the problem of getting loan from the bank at higher interest rates.
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