ABSTRACT
The study was conducted to examine the survey of the factors Affecting the Growth of Co-operative Society in Enugu Metropolis, 2003 – 2005.
In pursuance of this investigation, this research work covers five chapters: chapter one deals with introduction, background of the study, statement of the problem, purpose of the study, significance of the study, delimitation of the study, research questions, assumption and definition terms.
Chapter two examines the past related literature to the topic of the project and relates them to the study on hand to show that the process adopted in this study is right.
Chapter three deals with the design of the study and the methodology of the data analysis.
Chapter four deals with data presentation analysis and how the research was find.
Chapter five covers the summary of the findings, recommendation and conclusion of the research based on the out work.
BACKGROUND OF THE STUDY
Modern Co-operatives blossomed out of the need to provide economic salvation to common men who were economically exploited during the heat days of the industrial revolution. This view was strongly supported by Okonkwo (1989) who describes the co-operative movement as an invention of necessity, originated from the evils of the industrial revolution from the device adopted by the suffering working classes of the industrial revolution to alleviate their private condition.
In Nigeria the general term co-operatives existed before the accent of modern co-operatives which have high degree of potency for economic salvation. The form of cooperative which is as traditional as it is reciprocal in operation has the precious intent of solving an existential economic problem of the members who have voluntarily agreed to work together for their welfare.
Onuoha (1998) noticed that in the wildest sense of the world, cooperative means of people working together to achieve a common purpose. As such if it is an old man and that cooperative is the outward expression of the instinctive spirit of human solidarity and brotherhood present in every human being.
Frankly, the agitation for modern and scientific co-operation in the most economic sense as we conceive it today was said to started in England within the first part of the nineteenth century. Within the period that could be tagged the embryonic stage of modern cooperative, very serious struggle by pioneer cooperators lasted woefully. However, Onuoha (1998) observed that Rochdale society of equitable pioneers was the first successful cooperative that was established in 1844. he further observed that the society was registered under the friendly societies Act on October 28, 1844 but the shop did not open for business until December 21, 1844.
In Enugu metropolis, very variable co-operative bank – the co-operative bank of Eastern Nigeria was established to render financial services to it members and the general public. The bank collapsed after it wide growth but one could not determine the cause of the collapse or whether the cause is synonymous to the failure of early co-operative movement.
Similarly, other promising co-operative societies in Enugu metropolis died surprisingly even at a time the widespread is massively expected. The cause of the gradual extinction of cooperatives worried the researcher hence the very good rational for this study. Traditionally, it is known that poor fendors mal-administration and lack of observance of cooperative principles and ideals may have the proper functions of co-operatives.
It is also not known whether the cause of the failure is similar to the cause of failure of manufactors industries as out hired by Donnel (1994).
1.Finance and lack of money to run the business.
2.Location, if not situated in a strategic area.
3.Effect of armed robbers to a growing industries.
4.Discontinuities in policies and practices.
5.Government interference in the management of the industries.
In the most interest of truth and good judgment, the above obstacles process the strongest efficiency to pull down the growth mining of any good business.