BEFORE YOU READ THE ABSTRACT OR CHAPTER ONE OF THE PROJECT TOPICS BELOW, PLEASE READ THE INFORMATION BELOW.THANK YOU!
INFORMATION:
YOU CAN GET THE COMPLETE PROJECT OF THE TOPIC BELOW. THE FULL PROJECT COST N5,000 ONLY. THE FULL INFORMATION ON HOW TO PAY AND GET THE COMPLETE PROJECT IS AT THE BOTTOM OF THIS PAGE. OR
YOU CAN CALL: 08068231953, 08137701720, 09070569307, 08154275408
WHATSAPP US ON: 08137701720
RESEARCH ON ROLE OF FINANCIAL MANAGEMENT IN A COOPERATIVE SOCIETY ORGANIZATION
CHAPTER ONE
INTRODUCTION
1.1 BACKGROUND OF THE STUDY
Financial management involves all the activity of the financial managers concern with the rising of capital lining cash and credit requirement including the effective control of financial resources
The activity could be suggested as follows;
Converting forecast into planned and budget
Planning the appropriate capital structure
Raising cash flow outside the business
Forecasting the future
Investing surplus fund
Controlling the cash balance and flow in accordance with plans and with changing circumstance.
With the emergency of finance as a separate field emphasis was more or less on legal matters such as mergers
FORMATION OF NEW COMPANY DISPOSAL AND CONSOLIDATION
With the most vital problem of the firm was identification of the means for raising capital for possible expansion due to the increasing wave in industrialization. The mobility of fund from the
Areas of surplus to the areas of scarcity posed a lot of problem. Because of the radical changes which ochre during the depression of 1930 which culminated into the failure of many business finance which re-directed to bankruptcy, reorganization and liquidity for profitability under the imperfect perfect competition continues to be the motivation to maximize the profit and wealth of the owner. To ague to maximize profit has led to he study of financial management of which attribute factor can be socialized as follows;
(a) Saving
(b) Business growth
(c) Inflation
(d) Competitive
Base on the above background, some through was giving a financial management to provide skillful planning control and execution of financial management activity.
The practicing managers are interested in this study because among the most crucial decision of the firm are of those which relates to the financial matters and so are giving better treatments for better understanding of financial management which provide them with conceptual and annalistically insight on the capital fund and using the capital fund are called financial function of any firm
GOALS AND OBJECTIVE OF THE FINANCIAL MANAGERS
Financial which is the life wire of any business and as developed in 1900 since it concerns the actual flow of money as well as any claim against money. The financial mangers subsequent decision is made in such more co-ordinate manner responsible for the control system. The financial managers are concern with;
(a) Financial planning with the bank
(b) Raising of fund
(c) Allocation of fund
(d) Financial controlling of fund
(e) Interpretation
FINANCIAL PLANNING
The involve he estimating and planning of the future flow of cash receipt and disbursement raising of fund involve organizing the raising of fund which involve the funding necessary for planning. The second is the acquisition of the fund. There are a wide variety if the fund. It has certain characteristic as cost maturity, availability. The encumbrance of asset and other terms exposed by the capital.
On the bases of this function, the financial managers of a bank must determine the best mix of finance for the banking industry. Therefore the financial managers have to take the issue of formulation of policies. In the interest of such policy is to plane, co-ordinate, motivate and control activities of the firm, which are responsible of the efficient financial management of the resources. An efficient financial management thus is the same as a valuable aid to the process of decision-making and a major contributing to the pale and a major contribution to the pale of economic. The principal responsibility of financial managers involves a theory evaluation of investment financial and dividend decision with the sole aim of maximizing wealth. The financial managers studies the annalistically techniques and the environment where financial decision are made.
The financial manager keeps accurate account and records of, preparing the cost, providing the means for payment of bills, procuring additional in case of cash needed. Investing fund in asset and procuring the bets means of financing in relation to the overall development of the organization. The task of the financial manager is invisibly faced with problem with those of profitability, liquidity and risk factor, which influence both internal and external environment.
Only sound financial decision based on the analysis, planning and control of activity therefore can help optimized the values of operational optimization of the profit and shareholders wealth in one of those guiding.
Objective of business enterprise, which its allocation of resource and the financial decision for the financial manager. The financial manager must be aware of sources of finding the business and be guided by time, selection and combination of those available. That is the financial manager dilemma and the principle of sustainability. The financial managers dilemma is that of profitability and liquidity while sustainability is the principle of time balancing with asset and liability that is using short time term liability to financial short term asset and long term liability to finance the long term asset.
ALLOCATION OF FUND
Wise use of fund is allocating such fund in such project or such venture that will yield optimal return ensuring efficient use of fund. The financial managers ensure the efficient allocation of fund among the various uses. The allocation must be in accordance with the underlying objective of the firm to maximize the profit in the customer’s wealth. The role of financial manager has expanded of the management of the working capital to long-term asset and liabilities. He is concern with ways of efficient managing this current asset in order to maximize efficient profitability relative to the amount of fund tied up in the asset
FINANCIAL CONTROLLING
Financial monitor financial operation to ensure the cash flow are proceeding according to the plane
INTERPRETATION
The bank is part of financial community. It financial management can be fully interpreted only with the contest by he working of the financial institution and the markets
ORGANIZATIONAL GOALS
Since this project is concern with the role of financial managers in a cooperate organization, therefore, it is important to note the goal of any financial.
Maximization of profit. This is the frequency encountered goals of any business impact all business believed that as long as they are earning as much as possible while holding down cost, they are archiving the goal of profit maximization appears performance.
b. Maximization of wealth the main objective of financial management is the maximization is accomplished by maximizing the sum of the present value of the stream of dividends received and the present value of the increased in the market values of the shares of stocks held by the shareholders. Thus, the apparent wealth maximization is the best economic objective shareholders as the owns and for the bank whose primary interest is to customers own. The environmental scope of financial manager in executing their job, Financial managers do not have absolute authority in carrying out their responsibilities their actions are constrained by certain factors beyond their control.
THESE FACTORS ARE DIVIDED INTO TWO
Internal environment factor the principal factor in this case is the unavailability or the lack of human resources and the organizational self imposed standard.
B. The external environment factor such as the political legal framework cultural and social values, the economic climate, technological trends and custom attitude .It is therefore imperative that financial manager should take cognizance of environmental factors that affect their decision.
1.2 STATEMENT OF PROBLEM
There has been unprecedented increase in the quest for the answer of the following questions posed in order to clarify the duties of financial manager, which is the prospective rank of a student studying finance. Financial managers do not have authority in carrying out their responsibilities their responsibilities their actions are constrained by certain factors beyond their control. These factors can be divided into two Internal environment factor .The principal factor in this case. The [rinc9ipal factor in the case is the unavailability of human resource and the organization self imposed standard. The external environment factor such as the political legal firm work. Culture and social value. The economic climate technological trends and the customers’ attitude. It is therefore imperative that financial managers take cognizance of the environmental factors that effect their decisions.
There has been unprecedented increase in the quest for the increase for answer for the following questions posed in order to clarify the duties of a financial manager, which is the prospective rant of studying finance.
What is managerial finance? How importance is the financial functions for the company. Are the financial mangers responsible for the performance of certain task? Dose this means that his action are design to accomplices specific goals. How and when did the financial archive the firm objective, which is the finical managers definition of the fare price, and how is it related to his firm return and investment capital. One may logically ask, why are we interested in this cash flow if they do not affect the profit. Why cannot the profit effect not be taking directly not the account in the analysis? What tools and techniques are available to him and how dose he goes about managing his own performance. On a general scale, do they have any operational meaning? That is how can managers operation use to further national goals. Having identified these questions, the provision of possible answers to the listed question constitutes areas of possible consideration of the project. As stated that the financial management must find a rational base for answering the following three questions;
(a) How large should an enterprise be and how fast should it grow. What should be the composition of its liability
(b) What should be the composition of its liability
(c) In what form should it hold it asset board decision.
The asset question stated above relate to three board decision areas of financial management. Investment financial managers become important that the primary research conducted on a named company serves a dual purpose this not only serve as part of the tools in answering the questions, but is mainly used to unfold the extent to which the financial managers of a company is executing his duties according to the project
1.3 SIGNIFICANCE OF THE STUDY
The purpose of this project: the role of finical management in cooperate organization, is to equip the practicing, finical managers, financial controllers, and director of finance, treasurers, student of financial studies and readers with a basic understanding of financial decision. The financial manager carries out financial decision maximize through the following;
(a) Current asses management
(b) Capital budget decision
(c) Dividend decision
(d) Financial decision
CURRENT ASSET MANAGEMENT
The financial manager has every right to manage the long-term asset and also the duties to manage the current assets, efficiently to safeguard the fund against liquidity or insolvency
Investment in current affects the firm profitable liquidity and risk. If the firm doses not invest sufficient funds in current asset, it may become illiquid. But it would less profitability, as idle current assets would earn anything, in order to ensure that it would not earn anything. In order to ensure that neither insufficient nor unnecessary funds are invested in current asset, in fact it should develop sound techniques of managing the current asset.
CAPITAL BUDGETING
It is investment decision of the firm to have its refund investment in long-term project in anticipation of expected flow of future benefit over a period of years. This decision could be either to mechanize a process, replace a machine with another modern type, selecting between machines, and induction of new product or business expansion.
These features are;
Investing current funds for future benefit
The period of inc=vestment which involves long term activities
The potential benefit, which will accrue to the firm over a period of time.
DIVIDEND DECISION
The finical manager must determine the optimum dividend – payment ratio. He should consider the questions of dividend stability, stock dividend and cast dividends. Financial manager must divide whether the firm should distribute all profit or retain the balance.
FINANCIAL DECISION
The financial manager must decide when, how, and whom to acquire fund from to meet the firm investment needs. The significant t issue before him is to determine the proportion of equity capital and dept capital. The proper balance will have to be struck between return and risk once the financial manager is able to determine the bets combination of dept and equity. He must raise the appropriate amount through the bets available resource.
1.4 RESEARCH HYPOTHESIS
Base on the certain theoretical assumptions, hypothesis will be formulated below. There theoretical assumption, which include the established fact that the level of investment firms undertake and as such, the level of dept end by firms. Investment involve additional rest or financial assets and is usually measured in terms of fund used in the process, this funds include both equity and debt.
Ho: the level of debt financing has a negative effect on the economy
Hi: the level of financial has a positive effect on the economy
Ho: the level of debt financing has a positive effect on the performance of the employee
Hi: the level of debt financing has negative effect on the performance of the employee
Ho: the level of debt financing has not positive effect on the productivity of a firm
Hi: the level of debt financing has a positive effect on the productivity of the firm.
1.5 LIMITATION AND DELIMITATION OF THE STUDY
The research, may not fail to expose some of the constraint or restriction we have encountered in collecting the material for the project. There is no gainsaying the unavailability of textbook in this field of study especially in developing country like is a different.
Hence, in spite of the fact that the published financial statement by this banks are really seen, they are equally not comprehensive as regards the needs of a researcher. Some important information is not usually available for further information cannot be overemphasizing. Some claim the compliance with their management policies not to disclose some vital information to the public. It is a known fact that most banking industries had their headquarters in Lagos and it is where most decision are taking. Reading on this fact, the questionnaire sent to some of the industries could not come back due to the irregularities in our communication system.
However, therefore the firm (union bank Plc Enugu) was referred to after the researcher might have compared the information available to him in the respective banking industry that cooperate with him within the locality.
Union bank Nigeria Plc started operation in the year 1917. Union bank if Nigeria Plc Enugu has five (5) branches in Enugu
1.5 DEFINITION OF TERMS
The general ideal of this work “ The role of financial manager in a corporate organization looks into the following perspectives;
Chapters one give the general explanation of the subject from the historical perspective, organizational goals, and statement of problem, goal and objectives.Significance of the study and limitation and limitation and research hypothesis
Chapter tow – literature review from the general. Overview, financial ratio and profit planning management of current asset, budgeting and investment and management of current asset, budgeting and managing the financial and management of short and medium term.
The financial management involves all activities of the financial manager concerned with raising of capital, planning cash an credit requirement including the effective of the control system as the financial recourses. The activities could be selected as follows (a) converting forecast into planes and budget
(b) Planning the appropriate capital structure
Chapter two, literature reviews from the general overview, financial ratio and profit planning management of current assets, budgeting and financial analysis. Budgeting and investing. Managing of small financial strut and mangling f short and long term financing.
Chapter three deals with the research methodology conducted and consulted from the flow. Personal interview, secondary source of data, questionnaire hypothesis test and empirical analysis of the named company.
However, the chapter four deals with the discussion of result through financial ratio analysis, hypothesis testing and implication of the result
On the other hand chapter five look into the summary, conclusion and recommendation respectively finally followed by bibliography, glossary and appendix
HOW TO RECEIVE PROJECT MATERIAL (S)
After paying the appropriate amount (#5,000) into our bank Account below, send the following information to any of the numbers below
08068231953, 08137701720, 08154275408 (1) Your project topics
(2) Email Address
(3) Payment Name
OR you drop them on our WhatsApp, 08137701720
We will send your material(s) after we receive bank alert
BANK ACCOUNTS
Account Name: AMUTAH DANIEL CHUKWUDI
Account Number: 0046579864
Bank: GTBank.
OR
Account Name: AMUTAH DANIEL CHUKWUDI
Account Number: 3139283609
Bank: FIRST BANK
FOR MORE INFORMATION, CALL:
08068231953, 08137701720, 09070569307, 08154275408
]]>BEFORE YOU READ THE ABSTRACT OR CHAPTER ONE OF THE PROJECT TOPICS BELOW, PLEASE READ THE INFORMATION BELOW.THANK YOU!
INFORMATION:
YOU CAN GET THE COMPLETE PROJECT OF THE TOPIC BELOW. THE FULL PROJECT COST N5,000 ONLY. THE FULL INFORMATION ON HOW TO PAY AND GET THE COMPLETE PROJECT IS AT THE BOTTOM OF THIS PAGE. OR
YOU CAN CALL: 08068231953, 08137701720, 09070569307, 08154275408
WHATSAPP US ON: 08137701720
STUDY OF ROLE OF FINANCIAL MANAGEMENT IN A COOPERATIVE SOCIETY ORGANIZATION
CHAPTER ONE
INTRODUCTION
1.1 BACKGROUND OF THE STUDY
Financial management involves all the activity of the financial managers concern with the rising of capital lining cash and credit requirement including the effective control of financial resources
The activity could be suggested as follows;
Converting forecast into planned and budget
Planning the appropriate capital structure
Raising cash flow outside the business
Forecasting the future
Investing surplus fund
Controlling the cash balance and flow in accordance with plans and with changing circumstance.
With the emergency of finance as a separate field emphasis was more or less on legal matters such as mergers
FORMATION OF NEW COMPANY DISPOSAL AND CONSOLIDATION
With the most vital problem of the firm was identification of the means for raising capital for possible expansion due to the increasing wave in industrialization. The mobility of fund from the
Areas of surplus to the areas of scarcity posed a lot of problem. Because of the radical changes which ochre during the depression of 1930 which culminated into the failure of many business finance which re-directed to bankruptcy, reorganization and liquidity for profitability under the imperfect perfect competition continues to be the motivation to maximize the profit and wealth of the owner. To ague to maximize profit has led to he study of financial management of which attribute factor can be socialized as follows;
(a) Saving
(b) Business growth
(c) Inflation
(d) Competitive
Base on the above background, some through was giving a financial management to provide skillful planning control and execution of financial management activity.
The practicing managers are interested in this study because among the most crucial decision of the firm are of those which relates to the financial matters and so are giving better treatments for better understanding of financial management which provide them with conceptual and annalistically insight on the capital fund and using the capital fund are called financial function of any firm
GOALS AND OBJECTIVE OF THE FINANCIAL MANAGERS
Financial which is the life wire of any business and as developed in 1900 since it concerns the actual flow of money as well as any claim against money. The financial mangers subsequent decision is made in such more co-ordinate manner responsible for the control system. The financial managers are concern with;
(a) Financial planning with the bank
(b) Raising of fund
(c) Allocation of fund
(d) Financial controlling of fund
(e) Interpretation
FINANCIAL PLANNING
The involve he estimating and planning of the future flow of cash receipt and disbursement raising of fund involve organizing the raising of fund which involve the funding necessary for planning. The second is the acquisition of the fund. There are a wide variety if the fund. It has certain characteristic as cost maturity, availability. The encumbrance of asset and other terms exposed by the capital.
On the bases of this function, the financial managers of a bank must determine the best mix of finance for the banking industry. Therefore the financial managers have to take the issue of formulation of policies. In the interest of such policy is to plane, co-ordinate, motivate and control activities of the firm, which are responsible of the efficient financial management of the resources. An efficient financial management thus is the same as a valuable aid to the process of decision-making and a major contributing to the pale and a major contribution to the pale of economic. The principal responsibility of financial managers involves a theory evaluation of investment financial and dividend decision with the sole aim of maximizing wealth. The financial managers studies the annalistically techniques and the environment where financial decision are made.
The financial manager keeps accurate account and records of, preparing the cost, providing the means for payment of bills, procuring additional in case of cash needed. Investing fund in asset and procuring the bets means of financing in relation to the overall development of the organization. The task of the financial manager is invisibly faced with problem with those of profitability, liquidity and risk factor, which influence both internal and external environment.
Only sound financial decision based on the analysis, planning and control of activity therefore can help optimized the values of operational optimization of the profit and shareholders wealth in one of those guiding.
Objective of business enterprise, which its allocation of resource and the financial decision for the financial manager. The financial manager must be aware of sources of finding the business and be guided by time, selection and combination of those available. That is the financial manager dilemma and the principle of sustainability. The financial managers dilemma is that of profitability and liquidity while sustainability is the principle of time balancing with asset and liability that is using short time term liability to financial short term asset and long term liability to finance the long term asset.
ALLOCATION OF FUND
Wise use of fund is allocating such fund in such project or such venture that will yield optimal return ensuring efficient use of fund. The financial managers ensure the efficient allocation of fund among the various uses. The allocation must be in accordance with the underlying objective of the firm to maximize the profit in the customer’s wealth. The role of financial manager has expanded of the management of the working capital to long-term asset and liabilities. He is concern with ways of efficient managing this current asset in order to maximize efficient profitability relative to the amount of fund tied up in the asset
FINANCIAL CONTROLLING
Financial monitor financial operation to ensure the cash flow are proceeding according to the plane
INTERPRETATION
The bank is part of financial community. It financial management can be fully interpreted only with the contest by he working of the financial institution and the markets
ORGANIZATIONAL GOALS
Since this project is concern with the role of financial managers in a cooperate organization, therefore, it is important to note the goal of any financial.
Maximization of profit. This is the frequency encountered goals of any business impact all business believed that as long as they are earning as much as possible while holding down cost, they are archiving the goal of profit maximization appears performance.
b. Maximization of wealth the main objective of financial management is the maximization is accomplished by maximizing the sum of the present value of the stream of dividends received and the present value of the increased in the market values of the shares of stocks held by the shareholders. Thus, the apparent wealth maximization is the best economic objective shareholders as the owns and for the bank whose primary interest is to customers own. The environmental scope of financial manager in executing their job, Financial managers do not have absolute authority in carrying out their responsibilities their actions are constrained by certain factors beyond their control.
THESE FACTORS ARE DIVIDED INTO TWO
Internal environment factor the principal factor in this case is the unavailability or the lack of human resources and the organizational self imposed standard.
B. The external environment factor such as the political legal framework cultural and social values, the economic climate, technological trends and custom attitude .It is therefore imperative that financial manager should take cognizance of environmental factors that affect their decision.
1.2 STATEMENT OF PROBLEM
There has been unprecedented increase in the quest for the answer of the following questions posed in order to clarify the duties of financial manager, which is the prospective rank of a student studying finance. Financial managers do not have authority in carrying out their responsibilities their responsibilities their actions are constrained by certain factors beyond their control. These factors can be divided into two Internal environment factor .The principal factor in this case. The [rinc9ipal factor in the case is the unavailability of human resource and the organization self imposed standard. The external environment factor such as the political legal firm work. Culture and social value. The economic climate technological trends and the customers’ attitude. It is therefore imperative that financial managers take cognizance of the environmental factors that effect their decisions.
There has been unprecedented increase in the quest for the increase for answer for the following questions posed in order to clarify the duties of a financial manager, which is the prospective rant of studying finance.
What is managerial finance? How importance is the financial functions for the company. Are the financial mangers responsible for the performance of certain task? Dose this means that his action are design to accomplices specific goals. How and when did the financial archive the firm objective, which is the finical managers definition of the fare price, and how is it related to his firm return and investment capital. One may logically ask, why are we interested in this cash flow if they do not affect the profit. Why cannot the profit effect not be taking directly not the account in the analysis? What tools and techniques are available to him and how dose he goes about managing his own performance. On a general scale, do they have any operational meaning? That is how can managers operation use to further national goals. Having identified these questions, the provision of possible answers to the listed question constitutes areas of possible consideration of the project. As stated that the financial management must find a rational base for answering the following three questions;
(a) How large should an enterprise be and how fast should it grow. What should be the composition of its liability
(b) What should be the composition of its liability
(c) In what form should it hold it asset board decision.
The asset question stated above relate to three board decision areas of financial management. Investment financial managers become important that the primary research conducted on a named company serves a dual purpose this not only serve as part of the tools in answering the questions, but is mainly used to unfold the extent to which the financial managers of a company is executing his duties according to the project
1.3 SIGNIFICANCE OF THE STUDY
The purpose of this project: the role of finical management in cooperate organization, is to equip the practicing, finical managers, financial controllers, and director of finance, treasurers, student of financial studies and readers with a basic understanding of financial decision. The financial manager carries out financial decision maximize through the following;
(a) Current asses management
(b) Capital budget decision
(c) Dividend decision
(d) Financial decision
CURRENT ASSET MANAGEMENT
The financial manager has every right to manage the long-term asset and also the duties to manage the current assets, efficiently to safeguard the fund against liquidity or insolvency
Investment in current affects the firm profitable liquidity and risk. If the firm doses not invest sufficient funds in current asset, it may become illiquid. But it would less profitability, as idle current assets would earn anything, in order to ensure that it would not earn anything. In order to ensure that neither insufficient nor unnecessary funds are invested in current asset, in fact it should develop sound techniques of managing the current asset.
CAPITAL BUDGETING
It is investment decision of the firm to have its refund investment in long-term project in anticipation of expected flow of future benefit over a period of years. This decision could be either to mechanize a process, replace a machine with another modern type, selecting between machines, and induction of new product or business expansion.
These features are;
Investing current funds for future benefit
The period of inc=vestment which involves long term activities
The potential benefit, which will accrue to the firm over a period of time.
DIVIDEND DECISION
The finical manager must determine the optimum dividend – payment ratio. He should consider the questions of dividend stability, stock dividend and cast dividends. Financial manager must divide whether the firm should distribute all profit or retain the balance.
FINANCIAL DECISION
The financial manager must decide when, how, and whom to acquire fund from to meet the firm investment needs. The significant t issue before him is to determine the proportion of equity capital and dept capital. The proper balance will have to be struck between return and risk once the financial manager is able to determine the bets combination of dept and equity. He must raise the appropriate amount through the bets available resource.
1.4 RESEARCH HYPOTHESIS
Base on the certain theoretical assumptions, hypothesis will be formulated below. There theoretical assumption, which include the established fact that the level of investment firms undertake and as such, the level of dept end by firms. Investment involve additional rest or financial assets and is usually measured in terms of fund used in the process, this funds include both equity and debt.
Ho: the level of debt financing has a negative effect on the economy
Hi: the level of financial has a positive effect on the economy
Ho: the level of debt financing has a positive effect on the performance of the employee
Hi: the level of debt financing has negative effect on the performance of the employee
Ho: the level of debt financing has not positive effect on the productivity of a firm
Hi: the level of debt financing has a positive effect on the productivity of the firm.
1.5 LIMITATION AND DELIMITATION OF THE STUDY
The research, may not fail to expose some of the constraint or restriction we have encountered in collecting the material for the project. There is no gainsaying the unavailability of textbook in this field of study especially in developing country like is a different.
Hence, in spite of the fact that the published financial statement by this banks are really seen, they are equally not comprehensive as regards the needs of a researcher. Some important information is not usually available for further information cannot be overemphasizing. Some claim the compliance with their management policies not to disclose some vital information to the public. It is a known fact that most banking industries had their headquarters in Lagos and it is where most decision are taking. Reading on this fact, the questionnaire sent to some of the industries could not come back due to the irregularities in our communication system.
However, therefore the firm (union bank Plc Enugu) was referred to after the researcher might have compared the information available to him in the respective banking industry that cooperate with him within the locality.
Union bank Nigeria Plc started operation in the year 1917. Union bank if Nigeria Plc Enugu has five (5) branches in Enugu
1.5 DEFINITION OF TERMS
The general ideal of this work “ The role of financial manager in a corporate organization looks into the following perspectives;
Chapters one give the general explanation of the subject from the historical perspective, organizational goals, and statement of problem, goal and objectives.Significance of the study and limitation and limitation and research hypothesis
Chapter tow – literature review from the general. Overview, financial ratio and profit planning management of current asset, budgeting and investment and management of current asset, budgeting and managing the financial and management of short and medium term.
The financial management involves all activities of the financial manager concerned with raising of capital, planning cash an credit requirement including the effective of the control system as the financial recourses. The activities could be selected as follows (a) converting forecast into planes and budget
(b) Planning the appropriate capital structure
Chapter two, literature reviews from the general overview, financial ratio and profit planning management of current assets, budgeting and financial analysis. Budgeting and investing. Managing of small financial strut and mangling f short and long term financing.
Chapter three deals with the research methodology conducted and consulted from the flow. Personal interview, secondary source of data, questionnaire hypothesis test and empirical analysis of the named company.
However, the chapter four deals with the discussion of result through financial ratio analysis, hypothesis testing and implication of the result
On the other hand chapter five look into the summary, conclusion and recommendation respectively finally followed by bibliography, glossary and appendix
HOW TO RECEIVE PROJECT MATERIAL (S)
After paying the appropriate amount (#5,000) into our bank Account below, send the following information to any of the numbers below
08068231953, 08137701720, 08154275408 (1) Your project topics
(2) Email Address
(3) Payment Name
OR you drop them on our WhatsApp, 08137701720
We will send your material(s) after we receive bank alert
BANK ACCOUNTS
Account Name: AMUTAH DANIEL CHUKWUDI
Account Number: 0046579864
Bank: GTBank.
OR
Account Name: AMUTAH DANIEL CHUKWUDI
Account Number: 3139283609
Bank: FIRST BANK
FOR MORE INFORMATION, CALL:
08068231953, 08137701720, 09070569307, 08154275408
]]>BEFORE YOU READ THE ABSTRACT OR CHAPTER ONE OF THE PROJECT TOPICS BELOW, PLEASE READ THE INFORMATION BELOW.THANK YOU!
INFORMATION:
YOU CAN GET THE COMPLETE PROJECT OF THE TOPIC BELOW. THE FULL PROJECT COST N5,000 ONLY. THE FULL INFORMATION ON HOW TO PAY AND GET THE COMPLETE PROJECT IS AT THE BOTTOM OF THIS PAGE. OR
YOU CAN CALL: 08068231953, 08137701720, 09070569307, 08154275408
WHATSAPP US ON: 08137701720
STUDY OF COOPERATIVE INSTITUTIONS AND AGRICULTURAL PERFORMANCE IN NIGERIA
CHAPTER ONE
INTRODUCTION
1.1 Background of the Study
This research work focuses on the effects of credit administration and control on the development of cooperative society. Credit administration and control functions as a good instrument that brings about rapid development in the cooperative sector. It can be regarded as the essence of financial instruction in an economy, therefore the formulation and implementation of sound and solid credit polices and control are among the most crucial responsibilities of the management of an organization.
Among the most essential functions of credit cooperative is to provide loans to members and ensure the repayment of the loans given to them, it is therefore important to develop policies that will ensure the security of loans extended to members.
Due to lack of credit administration and control, credit facilities made available is spread among members of the cooperative societies and considered more of gift than loans to be paid within a specific period of time and therefore cooperatives find themselves cripple economically.
The implementation of credit administration and control is a necessary condition of the society so as to achieve its objectives, to serve the members in an efficient manner and more importantly ensure safety of funds for continuity and development of the society.
According to Iyowu (1985) an articulate credit management policy not only seeks to balance profit and liquidity. It expects to determine whom credit must be granted to how much to be granted, for how long and to ensure successful recovery. The achievement of an efficient credit administration and control entails an elements of a subjective management.
This research work will look at the role of credit administration and control, the disbursement of loans and its recovery credit administration and control and how it can be utilized for the development of the cooperative societies.
1.2 Statement of The Problem
The primary aim in a cooperative society is to improve the economic and social position of the members by extending credit facilities to them. It can either be short term or long term loans. It is important that credit usage be productive which will enable the borrower to earn enough to repay the principal and the interest and also realize a surplus from the undertaking.
Cooperative societies are not making significant impact in the growth and development despite some level of credit administration and control, problems are faced when there are no checks and balances and therefore posses danger to it’s continued existence and as such will not have achieved the objectives for which it was initially established.
Due to this shortcoming and more, like lack of experts to handle the finance of the society, mismanagement of funds by officials, poor record keeping which makes most members not to get their contributions as at when due, which has led to loss of confidence, withdrawal of the members and consequently loss of contribution to the societies.
Furthermore, in most cases, the members savings are embezzled or misappropriated. As a result societies do not live long due to dishonesty in handling funds.
Providing members with easy access to credit facilities being among the aims and objectives of most cooperative societies cannot be realized if such credit given to the members are not efficiently and effectively administered to ensure productive utilization and ability of the members to repay loans extended to them. This can guarantee continued existence of the cooperative society.
It is against this background that this study will venture into finding out the effects of credit administration and control in the study areas.
1.3 Objectives of the Study
The following are the objectives of this study
1.4 Significance of the Study
This study is designed to help cooperative societies have a better understanding of the role credit administration and control plays in the development of cooperative societies.
The research will also contribute in enhancing appropriate measures from cooperative societies which can improve the loan policies and securities and in extension encourage credit cooperation.
To government, it may also contribute in enhancing appropriate measure from the government to improve and encourage prospects of cooperative societies in the rural and urban areas as it will instil hope in the minds of the members and potential members.
Scholars, researchers and incoming student will also benefits from this research work as it will serve as reference to them.
1.5 Research Questions
The following research questions will guide this study.
1.6 Scope of the Study
The scope of the research is aimed at examining the effects of credit administration and control on the development of cooperative societies with reference to Arewa multipurpose cooperative society and National Board for Technical Education investment and credit cooperative society Kaduna.
1.7 Definition Of Terms
All the terms below will reflect the operational meaning as used in this project study.
HOW TO RECEIVE PROJECT MATERIAL (S)
After paying the appropriate amount (#5,000) into our bank Account below, send the following information to any of the numbers below
08068231953, 08137701720, 08154275408 (1) Your project topics
(2) Email Address
(3) Payment Name
OR you drop them on our WhatsApp, 08137701720
We will send your material(s) after we receive bank alert
BANK ACCOUNTS
Account Name: AMUTAH DANIEL CHUKWUDI
Account Number: 0046579864
Bank: GTBank.
OR
Account Name: AMUTAH DANIEL CHUKWUDI
Account Number: 3139283609
Bank: FIRST BANK
FOR MORE INFORMATION, CALL:
08068231953, 08137701720, 09070569307, 08154275408
]]>BEFORE YOU READ THE ABSTRACT OR CHAPTER ONE OF THE PROJECT TOPICS BELOW, PLEASE READ THE INFORMATION BELOW.THANK YOU!
INFORMATION:
YOU CAN GET THE COMPLETE PROJECT OF THE TOPIC BELOW. THE FULL PROJECT COST N5,000 ONLY. THE FULL INFORMATION ON HOW TO PAY AND GET THE COMPLETE PROJECT IS AT THE BOTTOM OF THIS PAGE. OR
YOU CAN CALL: 08068231953, 08137701720, 09070569307, 08154275408
WHATSAPP US ON: 08137701720
REVIEW OF CONTRIBUTION OF AUDITING TO THE PERFORMANCE OF COOPERATIVES IN DELTA STATE
ABSTRACT
This work discusses the contribution of auditing to the performance of cooperatives in delta state. A hundred and twenty questionnaires were distributed among managers of selected cooperatives in Nigeria. Interviews and surveys were also conducted.
Primary and secondary data will be used in the analysis. Tables and percentages will also be used as the instrument of analysis
It will be observed therefore that auditing have a strong and significant positive impact to the performance of cooperatives.
TABLE OF CONTENT:
CHAPTER ONE
INTRODUCTION
1.1 Background of the Study
1.2 Statement of the Research Problem
1.3 Objectives of the Study
1.4 Significance of the Study
1.5 Research Questions
1.6 Research Hypothesis
1.7 Conceptual and Operational Definition
1.8 Assumptions
1.9 Limitations of the Study
CHAPTER TWO
LITERATURE REVIEW
2.1 Sources of Literature
2.2 The Review
2.3 Summary of Literature Review
CHAPTER THREE
RESEARCH METHODOLOGY
3.1 Research Method
3.2 Research Design
3.3 Research Sample
3.4 Measuring Instrument
3.5 Data Collection
3.6 Data Analysis
3.7 Expected Result
CHAPTER FOUR
DATA ANALYSIS AND RESULTS
4.1 Data Analysis
4.2 Results
4.3 Discussion
CHAPTER FIVE
SUMMARY AND RECOMMENDATIONS
5.1 Summary
5.2 Recommendations for Further Study
Bibliography
HOW TO RECEIVE PROJECT MATERIAL (S)
After paying the appropriate amount (#5,000) into our bank Account below, send the following information to any of the numbers below
08068231953, 08137701720, 08154275408 (1) Your project topics
(2) Email Address
(3) Payment Name
OR you drop them on our WhatsApp, 08137701720
We will send your material(s) after we receive bank alert
BANK ACCOUNTS
Account Name: AMUTAH DANIEL CHUKWUDI
Account Number: 0046579864
Bank: GTBank.
OR
Account Name: AMUTAH DANIEL CHUKWUDI
Account Number: 3139283609
Bank: FIRST BANK
FOR MORE INFORMATION, CALL:
08068231953, 08137701720, 09070569307, 08154275408
]]>BEFORE YOU READ THE ABSTRACT OR CHAPTER ONE OF THE PROJECT TOPICS BELOW, PLEASE READ THE INFORMATION BELOW.THANK YOU!
INFORMATION:
YOU CAN GET THE COMPLETE PROJECT OF THE TOPIC BELOW. THE FULL PROJECT COST N5,000 ONLY. THE FULL INFORMATION ON HOW TO PAY AND GET THE COMPLETE PROJECT IS AT THE BOTTOM OF THIS PAGE. OR
YOU CAN CALL: 08068231953, 08137701720, 09070569307, 08154275408
WHATSAPP US ON: 08137701720
IMPACT OF COOPERATIVE LEARNING STRATEGY ON THE PROCESS SKILLS ACQUISITION AND PERFORMANCE AMONG SECONDARY SCHOOL STUDENTS
Abstract:
The “Impact of Cooperative Learning Strategy on the Process Skills Acquisition and Performance Among Secondary School Students” is a comprehensive study that investigates the effectiveness of cooperative learning in enhancing students’ process skills and overall academic performance. Process skills encompass critical thinking, problem-solving, communication, and teamwork, which are essential for students’ holistic development.
This research project is motivated by the recognition of the changing landscape of education, which demands not only academic excellence but also the ability to apply knowledge effectively in real-world scenarios. Cooperative learning, a pedagogical approach that emphasizes collaboration, communication, and shared problem-solving, offers a promising avenue for developing these essential process skills.
The study employs a mixed-methods research design, involving a sample of secondary school students from diverse backgrounds. Quantitative data is collected through pre- and post-assessments, while qualitative insights are obtained through surveys and focus group discussions. The research evaluates the impact of cooperative learning on students’ process skills and academic performance, taking into account various factors that may influence the outcomes.
The findings of this study are expected to provide valuable insights into the benefits of cooperative learning strategies, not only in improving process skills but also in enhancing overall academic performance among secondary school students. This research contributes to the ongoing dialogue in education, highlighting the importance of pedagogical approaches that nurture students’ holistic development and prepare them for the challenges of the 21st century.
TABLE OF CONTENT:
CHAPTER ONE
INTRODUCTION
1.1 Background of the Study
1.2 Statement of the Research Problem
1.3 Objectives of the Study
1.4 Significance of the Study
1.5 Research Questions
1.6 Research Hypothesis
1.7 Conceptual and Operational Definition
1.8 Assumptions
1.9 Limitations of the Study
CHAPTER TWO
LITERATURE REVIEW
2.1 Sources of Literature
2.2 The Review
2.3 Summary of Literature Review
CHAPTER THREE
RESEARCH METHODOLOGY
3.1 Research Method
3.2 Research Design
3.3 Research Sample
3.4 Measuring Instrument
3.5 Data Collection
3.6 Data Analysis
3.7 Expected Result
CHAPTER FOUR
DATA ANALYSIS AND RESULTS
4.1 Data Analysis
4.2 Results
4.3 Discussion
CHAPTER FIVE
SUMMARY AND RECOMMENDATIONS
5.1 Summary
5.2 Recommendations for Further Study
References
ATTENTION:
BEFORE YOU READ THE ABSTRACT OR CHAPTER ONE OF THE PROJECT TOPICS BELOW, PLEASE READ THE INFORMATION BELOW.THANK YOU!
INFORMATION:
YOU CAN GET THE COMPLETE PROJECT OF THE TOPIC BELOW. THE FULL PROJECT COST N5,000 ONLY. THE FULL INFORMATION ON HOW TO PAY AND GET THE COMPLETE PROJECT IS AT THE BOTTOM OF THIS PAGE. OR
YOU CAN CALL: 08068231953, 08137701720, 09070569307, 08154275408
WHATSAPP US ON: 08137701720
Role Of Voluntary And Open Membership In Increasing The Efficiency Of Cooperative Societies
Abstract
This study examines the role of Voluntary and Open Membership Principle in societies. A survey method was used for the study. They were members of NNPC-KRPC Staff Multipurpose Cooperative Society. A 5-item questionnaire was used for the study. The questionnaire was based on liker scale. Four (4) research questions were developed to guide the study. Frequencies and mean scores were used as statistical analysis. Research findings show that Voluntary and Open Membership Principle is well followed can improve societies which can adequately promote the socio economic standard of members. It was recommended that good orientation should be given to members so as to make them abide by the principle.
TABLE OF CONTENTS
Title page – – – – – – – – – i
Declaration – – – – – – – – ii
Approval page – – – – – – – – iii
Dedication – – – – – – – – – iv
Acknowledgement – – – – – – – v
Abstract – – – – – – – – – vi
Table of Contents – – – – – – – vii
CHAPTER ONE
INTRODUCTION
Cooperative is a voluntary organization that is established within the people with common interest in cooperative there are some principles that guided the operation of cooperative business as stated by (ICA 1995). The first among the seven (7) principle is voluntary and open membership which is the area of consideration in this study.
The principle require that membership of any cooperative society should be left open to new intending members without any artificial restriction it means that cooperative societies are non exclusive clubs of a few person or as private companies.
The spirit behind this principle means that in cooperative societies, members have to view properly and business enterprises of the society not in the selfish, egocentric spirit of capitalism but in the cooperative spirit of solidarity and universal brotherhood. The society must be prepared to admit new members, it is like a work of social service to mankind, new members may come in and enjoy the fruits of the society built up by the old and past members.
Chukwu (1990) says advantage of cooperative openness is that open door policy of the cooperative not only makes good philosophy. It also makes cooperative movement to spread throughout the whole nation/world, thud making the benefits of membership good because of the process of integration.
Again, Amahalu (2006) says voluntary and open membership makes the business to increase volume by volume. The more people join the cooperative business, the greater the chance of the group achieving its objectives in terms of skills, capital volume of production and sales.
In cooperative practice voluntary and open membership is not absolute because there is need for selection, what we have in cooperative is “qualified openness” not everybody that apply has the automatic right to be admitted. Dishonest men, non Conformist, those whose purpose would detrimental to the aims of the society, or who will not obey the rules of the society, such people obviously would not be admitted.
Obodoechi (2002), explain that cooperative societies are not complete welfare organization with business entity there is need for selection because not everybody can meet the financial requirements like minimum share holding. Entrance fees monthly savings etc. Although cooperative law made the financial requirement to be small (minimum) but yet some may not afford it.
Further more, there is the need for selection in membership of cooperative organization because of the need for a limited degree of homogeneity e.g Farmers Marketing Cooperative Society cannot accept somebody who is not a farmer, a cooperative society that is for a particular church, mosque, school cannot accept one who is a member of the above mentioned groups.
Again cooperative voluntary and open membership is not absolute because cooperative law specified the minimum age for membership except infant cooperative organization. But the age specification differs from country to country and region to region.
Finally, the membership openness is not absolute in cooperative organization because the guidelines for membership are always clearly stated in the cooperative law and bye-law of individual societies. Any intending member must abide with the guideline before he/she is admitted and the society has the right to admit or not to admit but the right not to admit must be exercised rationally and not bitrarily.
The nature of cooperative is to be free for any qualified individual to joint without any gender, social racial, political or religious discrimination. This was clearly expressed in the principle of voluntary and open membership, for instance Chuckwu 1990; Amahala, 2006 agrees that voluntary and open membership make cooperative business to increase volume by volume, the more people joint the cooperative business the greater the chance of the group achieving its objectives in terms of skills, capital volume of production and sales.
Equally, Obodoechi, 2002 explain that cooperative societies are made freely for only qualified members who are morally and agely okay as explained in the act.
This study therefore aim at investigating the role of voluntary and open membership in increasing the efficiency of cooperative society, furthermore the study determine how only qualified members will be admitted into cooperative societies, the study equally examine the importance of openness ins society development. Finally, the study found out how societies can abode the principle of voluntary and open membership.
The study examines the role of voluntary and open membership principle in increasing the efficiency of cooperative society.
The significance of a study of this magnitude cannot be over emphasized. The government cooperative department, cooperate organization involve in cooperative activities, cooperative societies of any kind in-coming student as well as other researchers alike will find this study really significant especially as they utilize the finding.
The government cooperative Department and of course cooperative organization engaged in cooperative venture, the findings of this study will be used as a basic from enacting policies that will effectively regulate the activities of any cooperative society so that the essence of the principles cannot be defeated. Furthermore, members of the public who are interested in cooperative will use the result of this study as an insight in to the formation of new societies. It will contribute in creating more awareness in the in habitants of the immediate community as regard the role of voluntary and open membership principle towards increasing the society efficiency.
It should also be noted that this study is of scholarly importance. Student undergoing research works similar to the present study and other scholars alike will find this work as a reference material or a sprint board for their own research works.
This study examines the role of voluntary and open membership in increasing the efficiency of cooperative society. An examination of how qualified members can be admitted in a society as well as importance of openness in society development. The study equally cover an indepth examination of possible problems that could be militating against role of voluntary and open membership principle.
The research work is restricted to NNPC-KRPC staff Multipurpose Cooperative Society Limited located in Kaduna South local government area.
The following terms have to be defined in order to make the study clear for more comparism.
HOW TO RECEIVE PROJECT MATERIAL (S)
After paying the appropriate amount (#5,000) into our bank Account below, send the following information to any of the numbers below
08068231953, 08137701720, 08154275408 (1) Your project topics
(2) Email Address
(3) Payment Name
OR you drop them on our WhatsApp, 08137701720
We will send your material(s) after we receive bank alert
BANK ACCOUNTS
Account Name: AMUTAH DANIEL CHUKWUDI
Account Number: 0046579864
Bank: GTBank.
OR
Account Name: AMUTAH DANIEL CHUKWUDI
Account Number: 3139283609
Bank: FIRST BANK
FOR MORE INFORMATION, CALL:
08068231953, 08137701720, 09070569307, 08154275408
]]>BEFORE YOU READ THE ABSTRACT OR CHAPTER ONE OF THE PROJECT TOPICS BELOW, PLEASE READ THE INFORMATION BELOW.THANK YOU!
INFORMATION:
YOU CAN GET THE COMPLETE PROJECT OF THE TOPIC BELOW. THE FULL PROJECT COST N5,000 ONLY. THE FULL INFORMATION ON HOW TO PAY AND GET THE COMPLETE PROJECT IS AT THE BOTTOM OF THIS PAGE. OR
YOU CAN CALL: 08068231953, 08137701720, 09070569307, 08154275408
WHATSAPP US ON: 08137701720
Role Of Voluntary And Open Membership In Increasing The Efficiency Of Cooperative Societies
Abstract
This study examines the role of Voluntary and Open Membership Principle in societies. A survey method was used for the study. They were members of NNPC-KRPC Staff Multipurpose Cooperative Society. A 5-item questionnaire was used for the study. The questionnaire was based on liker scale. Four (4) research questions were developed to guide the study. Frequencies and mean scores were used as statistical analysis. Research findings show that Voluntary and Open Membership Principle is well followed can improve societies which can adequately promote the socio economic standard of members. It was recommended that good orientation should be given to members so as to make them abide by the principle.
TABLE OF CONTENTS
Title page – – – – – – – – – i
Declaration – – – – – – – – ii
Approval page – – – – – – – – iii
Dedication – – – – – – – – – iv
Acknowledgement – – – – – – – v
Abstract – – – – – – – – – vi
Table of Contents – – – – – – – vii
CHAPTER ONE
INTRODUCTION
Cooperative is a voluntary organization that is established within the people with common interest in cooperative there are some principles that guided the operation of cooperative business as stated by (ICA 1995). The first among the seven (7) principle is voluntary and open membership which is the area of consideration in this study.
The principle require that membership of any cooperative society should be left open to new intending members without any artificial restriction it means that cooperative societies are non exclusive clubs of a few person or as private companies.
The spirit behind this principle means that in cooperative societies, members have to view properly and business enterprises of the society not in the selfish, egocentric spirit of capitalism but in the cooperative spirit of solidarity and universal brotherhood. The society must be prepared to admit new members, it is like a work of social service to mankind, new members may come in and enjoy the fruits of the society built up by the old and past members.
Chukwu (1990) says advantage of cooperative openness is that open door policy of the cooperative not only makes good philosophy. It also makes cooperative movement to spread throughout the whole nation/world, thud making the benefits of membership good because of the process of integration.
Again, Amahalu (2006) says voluntary and open membership makes the business to increase volume by volume. The more people join the cooperative business, the greater the chance of the group achieving its objectives in terms of skills, capital volume of production and sales.
In cooperative practice voluntary and open membership is not absolute because there is need for selection, what we have in cooperative is “qualified openness” not everybody that apply has the automatic right to be admitted. Dishonest men, non Conformist, those whose purpose would detrimental to the aims of the society, or who will not obey the rules of the society, such people obviously would not be admitted.
Obodoechi (2002), explain that cooperative societies are not complete welfare organization with business entity there is need for selection because not everybody can meet the financial requirements like minimum share holding. Entrance fees monthly savings etc. Although cooperative law made the financial requirement to be small (minimum) but yet some may not afford it.
Further more, there is the need for selection in membership of cooperative organization because of the need for a limited degree of homogeneity e.g Farmers Marketing Cooperative Society cannot accept somebody who is not a farmer, a cooperative society that is for a particular church, mosque, school cannot accept one who is a member of the above mentioned groups.
Again cooperative voluntary and open membership is not absolute because cooperative law specified the minimum age for membership except infant cooperative organization. But the age specification differs from country to country and region to region.
Finally, the membership openness is not absolute in cooperative organization because the guidelines for membership are always clearly stated in the cooperative law and bye-law of individual societies. Any intending member must abide with the guideline before he/she is admitted and the society has the right to admit or not to admit but the right not to admit must be exercised rationally and not bitrarily.
The nature of cooperative is to be free for any qualified individual to joint without any gender, social racial, political or religious discrimination. This was clearly expressed in the principle of voluntary and open membership, for instance Chuckwu 1990; Amahala, 2006 agrees that voluntary and open membership make cooperative business to increase volume by volume, the more people joint the cooperative business the greater the chance of the group achieving its objectives in terms of skills, capital volume of production and sales.
Equally, Obodoechi, 2002 explain that cooperative societies are made freely for only qualified members who are morally and agely okay as explained in the act.
This study therefore aim at investigating the role of voluntary and open membership in increasing the efficiency of cooperative society, furthermore the study determine how only qualified members will be admitted into cooperative societies, the study equally examine the importance of openness ins society development. Finally, the study found out how societies can abode the principle of voluntary and open membership.
The study examines the role of voluntary and open membership principle in increasing the efficiency of cooperative society.
The significance of a study of this magnitude cannot be over emphasized. The government cooperative department, cooperate organization involve in cooperative activities, cooperative societies of any kind in-coming student as well as other researchers alike will find this study really significant especially as they utilize the finding.
The government cooperative Department and of course cooperative organization engaged in cooperative venture, the findings of this study will be used as a basic from enacting policies that will effectively regulate the activities of any cooperative society so that the essence of the principles cannot be defeated. Furthermore, members of the public who are interested in cooperative will use the result of this study as an insight in to the formation of new societies. It will contribute in creating more awareness in the in habitants of the immediate community as regard the role of voluntary and open membership principle towards increasing the society efficiency.
It should also be noted that this study is of scholarly importance. Student undergoing research works similar to the present study and other scholars alike will find this work as a reference material or a sprint board for their own research works.
This study examines the role of voluntary and open membership in increasing the efficiency of cooperative society. An examination of how qualified members can be admitted in a society as well as importance of openness in society development. The study equally cover an indepth examination of possible problems that could be militating against role of voluntary and open membership principle.
The research work is restricted to NNPC-KRPC staff Multipurpose Cooperative Society Limited located in Kaduna South local government area.
The following terms have to be defined in order to make the study clear for more comparism.
HOW TO RECEIVE PROJECT MATERIAL (S)
After paying the appropriate amount (#5,000) into our bank Account below, send the following information to any of the numbers below
08068231953, 08137701720, 08154275408 (1) Your project topics
(2) Email Address
(3) Payment Name
OR you drop them on our WhatsApp, 08137701720
We will send your material(s) after we receive bank alert
BANK ACCOUNTS
Account Name: AMUTAH DANIEL CHUKWUDI
Account Number: 0046579864
Bank: GTBank.
OR
Account Name: AMUTAH DANIEL CHUKWUDI
Account Number: 3139283609
Bank: FIRST BANK
FOR MORE INFORMATION, CALL:
08068231953, 08137701720, 09070569307, 08154275408
]]>BEFORE YOU READ THE ABSTRACT OR CHAPTER ONE OF THE PROJECT TOPICS BELOW, PLEASE READ THE INFORMATION BELOW.THANK YOU!
INFORMATION:
YOU CAN GET THE COMPLETE PROJECT OF THE TOPIC BELOW. THE FULL PROJECT COST N5,000 ONLY. THE FULL INFORMATION ON HOW TO PAY AND GET THE COMPLETE PROJECT IS AT THE BOTTOM OF THIS PAGE. OR
YOU CAN CALL: 08068231953, 08137701720, 09070569307, 08154275408
WHATSAPP US ON: 08137701720
IMPACT OF MONETARY POLICY IN CONTROLLING INFLATION IN NIGERIA
ABSTRACT
This extended essay examine the Impact of monetary policy in controlling inflation. The ways of combating inflation identified were through monetary policy open market operation (OMO), moral suation, minimum requirement, interest rate cash reserve requirement (CRR) liquidity ratio etc and fiscal policy approach-taxes, government expenditure and borrowing. The essay however discovers that combating inflation using either the monetary or fiscal policy approach is highly uncertain. The result may vary tremdously according to the level of economic development in a
country among other factors.
TABLE OF CONTENTS
Title page – – – – – – — – – – i
Declaration – – – – – – – – – ii
Approval page- – – – – – – – – – iii
Dedication – – – – – – – – – iv
Acknowledgement – – – – – – – – v
Abstract – – – – – – – – – – vi
Table of content – – – – – – – – vii
CHAPTER ONE
1.0 Introduction – – – – – – – – 1
1.1 Background of the Study – – – – – – 2
1.2 Objectives of the study
1.3 Significance of the study – – – – – 6
1.4 Scope of the study – – – – 7
1.5 Limitation
1.6 Definition of terms – – – – – 8
CHAPTER TWO
Literature review- – – – – – – – 12
2.0 Introduction
2.1 Review of trend of though – – – – 14
2.2 Models/Theories or relevant concept
2.3 Current literature
2.4 Monetary policy instrument in curbing inflation
2.5 Summary
CHAPTER THREE
3.0 Introduction
5.1 Summum
5.2 Conclusion
5.3 Recommandations
References – – – – – – – – 68
CHAPTER ONE
Monetary policy entails the government policies aimed at changing the quantity of money or credit condition for example, open market operation or changes in required reserved ration etc. Monetary policies involves changes in the quantity of money held by the public. In our economy, there are two types of money most obviously- the naira bills and coins which you have in your pocket and money. In every economy, after fiscal policy, the next most powerful macro-economic stabilization is monetary policy.
In fact Monetary and fiscal policies are expected to work together as complements to achieve one goals of a sound macro economic management that include amongst other domestic price stability external sector viability as well as enhance efficiency in resource allocation, distribution and utilization.
Monetary policy is therefore measure designed to regulate and control the volume, cost, availability and direction of money and credit in an economy to achieve some specifically micro-economic objectives. It is one policy that seeks to influence economic activities using the tools available to the central bank i.e. money supply (MS) interest rates and exchange rates. It can also mean the deliberate attempt by the authorities to either control the supply of money or to control interest rates or to ration the amount of credit granted by banks.
1.1 HISTORICAL BACKGROUND OF THE STUDY
The history of economic growth shows that, economic transformation started in England in the Late eighteen century and gradually spread to other parts of Europe and North America. Economic transformations did not get to other parts of thee world until in the 1950s when Japan transformed to become one of world’s major industrial giants. This economic transformation has spread far and wide in the recent times but its spread is highly limited in Africa. It is only South Africa that has experienced it so far. This is clearly demonstrated by the World Bank report of (2001) which states that out of the 46 poorest countries in the World, 35 of them are in Africa.
Nigeria with it’s vast resources of both human and material nature is not left out of the club of poverty stricken countries. This poverty is illustrated by the recent World bank report (2005), which says that more than 70% of Nigerians are living below poverty line.
It is against this background that this study is being undertaken. Poverty can be tackled using both fiscal and monetary policies to help solve this problem and growing poverty, removing the country from poverty trap that seems almost impossible to be solved.
To provide the readers with broad knowledge of the different activities carried out by the Central Bank of Nigeria in Nigeria’s macro-economic stabilization process.
To Enlighten students, readers and researchers on the significance of Central Bank of Nigeria and it’s role in the process of Nigeria economic development.
To highlight the relevance of monetary policy in combating inflation.
To explain the various types of monetary policy that can be used to combat inflation and other macro-economic problems.
To discuss the monetary policy problems with particular reference to Nigeria.
To explain the various instruments of monetary policy that can be used to combat inflation especially in less developed Countries (LDCS) such as Nigeria.
This research study will however assist the economy to derive possible solution to the research problem e.g. control of inflation using monetary policy measures as adopted by the monetary authorities. Furthermore, the researcher ex-rays the various types of monetary policy measures, which can be used to combat the problem of inflation in the economy.
Government will benefit immensely from this research works as the topic is very relevant in the field of macro-economic policy formulation.
This project covers the role of monetary policy and it’s controlling inflation in the Nigeria economy. A general overview of monetary policy and inflation in the Nigerian economy is the foundation upon which the project is developed.
However, study of this nature is known to be subject to a number of problems or constrains, which are peculiar to the Nigerian society such as financial constraints. This research work was not an exception the problem of visiting the Central Bank of Nigerian and some other places for data collection involved spending a lot of money or transport expenses.
Hence, the predicament of the overage students can therefore be imagined.
Furthermore, the issue of office protocols time limit, secrecy inadequate research materials also were some setbacks to the researchers in carrying out this research.
1.7 ORGANIZATIONAL STRUCTURE OF THE STUDY
A Central Bank is a financial institution owned by the government of a nations run by Board of Directors, Chaired by Governor appointed by the government and charged with the responsibility of managing the expansion and contraction of the volume, cost and availability of money in the interest of public welfare. It is primarily a non- profit entity in U.S. it is called the Federal Leisure while in the U.K. it is the bank of England.
1.8 DEFINITION OF TERMS
HOW TO RECEIVE PROJECT MATERIAL (S)
After paying the appropriate amount (#5,000) into our bank Account below, send the following information to any of the numbers below
08068231953, 08137701720, 08154275408 (1) Your project topics
(2) Email Address
(3) Payment Name
OR you drop them on our WhatsApp, 08137701720
We will send your material(s) after we receive bank alert
BANK ACCOUNTS
Account Name: AMUTAH DANIEL CHUKWUDI
Account Number: 0046579864
Bank: GTBank.
OR
Account Name: AMUTAH DANIEL CHUKWUDI
Account Number: 3139283609
Bank: FIRST BANK
FOR MORE INFORMATION, CALL:
08068231953, 08137701720, 09070569307, 08154275408
]]>BEFORE YOU READ THE ABSTRACT OR CHAPTER ONE OF THE PROJECT TOPICS BELOW, PLEASE READ THE INFORMATION BELOW.THANK YOU!
INFORMATION:
YOU CAN GET THE COMPLETE PROJECT OF THE TOPIC BELOW. THE FULL PROJECT COST N5,000 ONLY. THE FULL INFORMATION ON HOW TO PAY AND GET THE COMPLETE PROJECT IS AT THE BOTTOM OF THIS PAGE. OR
YOU CAN CALL: 08068231953, 08137701720, 09070569307, 08154275408
WHATSAPP US ON: 08137701720
EFFECTS OF CREDIT ADMINISTRATION AND CONTROL ON DEVELOPMENT OF COOPERATIVE SOCIETIES
CHAPTER ONE
INTRODUCTION
1.1 Background of the Study
This research work focuses on the effects of credit administration and control on the development of cooperative society. Credit administration and control functions as a good instrument that brings about rapid development in the cooperative sector. It can be regarded as the essence of financial instruction in an economy, therefore the formulation and implementation of sound and solid credit polices and control are among the most crucial responsibilities of the management of an organization.
Among the most essential functions of credit cooperative is to provide loans to members and ensure the repayment of the loans given to them, it is therefore important to develop policies that will ensure the security of loans extended to members.
Due to lack of credit administration and control, credit facilities made available is spread among members of the cooperative societies and considered more of gift than loans to be paid within a specific period of time and therefore cooperatives find themselves cripple economically.
The implementation of credit administration and control is a necessary condition of the society so as to achieve its objectives, to serve the members in an efficient manner and more importantly ensure safety of funds for continuity and development of the society.
According to Iyowu (1985) an articulate credit management policy not only seeks to balance profit and liquidity. It expects to determine whom credit must be granted to how much to be granted, for how long and to ensure successful recovery. The achievement of an efficient credit administration and control entails an elements of a subjective management.
This research work will look at the role of credit administration and control, the disbursement of loans and its recovery credit administration and control and how it can be utilized for the development of the cooperative societies.
1.2 Statement of The Problem
The primary aim in a cooperative society is to improve the economic and social position of the members by extending credit facilities to them. It can either be short term or long term loans. It is important that credit usage be productive which will enable the borrower to earn enough to repay the principal and the interest and also realize a surplus from the undertaking.
Cooperative societies are not making significant impact in the growth and development despite some level of credit administration and control, problems are faced when there are no checks and balances and therefore posses danger to it’s continued existence and as such will not have achieved the objectives for which it was initially established.
Due to this shortcoming and more, like lack of experts to handle the finance of the society, mismanagement of funds by officials, poor record keeping which makes most members not to get their contributions as at when due, which has led to loss of confidence, withdrawal of the members and consequently loss of contribution to the societies.
Furthermore, in most cases, the members savings are embezzled or misappropriated. As a result societies do not live long due to dishonesty in handling funds.
Providing members with easy access to credit facilities being among the aims and objectives of most cooperative societies cannot be realized if such credit given to the members are not efficiently and effectively administered to ensure productive utilization and ability of the members to repay loans extended to them. This can guarantee continued existence of the cooperative society.
It is against this background that this study will venture into finding out the effects of credit administration and control in the study areas.
1.3 Objectives of the Study
The following are the objectives of this study
1.4 Significance of the Study
This study is designed to help cooperative societies have a better understanding of the role credit administration and control plays in the development of cooperative societies.
The research will also contribute in enhancing appropriate measures from cooperative societies which can improve the loan policies and securities and in extension encourage credit cooperation.
To government, it may also contribute in enhancing appropriate measure from the government to improve and encourage prospects of cooperative societies in the rural and urban areas as it will instil hope in the minds of the members and potential members.
Scholars, researchers and incoming student will also benefits from this research work as it will serve as reference to them.
1.5 Research Questions
The following research questions will guide this study.
1.6 Scope of the Study
The scope of the research is aimed at examining the effects of credit administration and control on the development of cooperative societies with reference to Arewa multipurpose cooperative society and National Board for Technical Education investment and credit cooperative society Kaduna.
1.7 Definition Of Terms
All the terms below will reflect the operational meaning as used in this project study.
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ROLE OF INFORMAL SECTOR IN AGRICULTURE IN PRODUCTIVITY IN IMO, STATE
ABSTRACT
The informal finance has been a major source of finance from ages long even before the introduction of modern banking system. But its major function is in the provision of informal finance to agricultural sector. The study examines the problems and prospects of informal financial institutions in financing agricultural sector Imo state using Imo State, Nigeria as case study. This study examines the role of informal sector in improving the agricultural productivity in Imo state. The methodology employed was descriptive and data were collected using personal oral interviews and questionnaires which were distributed to the respondents. The data collected were presented and analyzed using percentages and tables. The use of chi-square was also employed for better understanding. The findings from the study revealed that informal financial institutions’ activities have a significant role in financing agriculture. It also revealed that financial constraint is not the major constraint faced by informal financial institutions in financing agricultural sector. Other problems include lack of storage facilities and the use of crude tools, just to mention but a few. Despite these problems, it is noted that the informal financial institutions if properly monitored have many goodies to offer for improved productivity of the agricultural sector of the country. As a result of the problems faced by the informal financial institutions in financing agriculture, it is recommended among others that there should be more of governmental and financial support to the agricultural sector so as to enhance development, create enabling environment and there is a need for informal financial institutions to improve in their financing function to the sector. It is concluded that informal finance is the “life wire” of agricultural sector.
The objective of this research is to investigate whether agricultural cooperatives can facilitate smallholder farmer access to input and product markets. Farmers in two case study communal areas of Owerri North L.G.A face high transaction costs as reflected primarily in their low levels of education and literacy, lack of market information, insecure property rights, poor road and communication infrastructure, and long distances to markets. Analysis of the reasons why cooperatives were originally established in various parts of the world suggests that most of the causes (such as poverty, market failure and high transaction costs) also apply to the study farmers, as do the seven international principles of cooperation. Smallholder farmers in both case study regions have the potential to grow high-value crops such as vegetables, fruit and cut flowers. In the supply chain from farm to market, the optimum boundary for each organization involved in the chain (e.g. cooperative and investor-oriented firm) depends on the minimum operational and transaction costs for each business.
CHAPTER ONE
1.1 BACKGROUND OF THE STUDY
The contribution of formal lending organizations to credit availability to small farmers is negligible. Yet these farmers cannot do without credit. To fill the lacuna, many of these farmers patronize informal credit associations. Ajetomobi and Olagunju (2000) report that 54% of farmers obtain credit from esusu (credit) cooperatives against 3% who obtain same from commercial banks in South-western Nigeria. Reasons adduced to this reliance are many. They include dearth of rural banks, distance from loan office, low farm income and time lag between loan application and disbursement from formal sources.
Nweze (1994) remarks that objectives of cooperative associations are to pool capital resources, labour for farm work, provision of financial assistance to members in need and community development. In these associations, information assymetrics between borrowers and lenders are unimportant, and their institutional consequences, the use of collateral and interlinked contracts, are absent. Through credit, households pool risk through the use of contracts in which the repayment owed by the borrower depends on the realisation of random production and consumption shocks by both the borrower and the lender (Udry, 1990). In appreciating the role of informal associations in the mobilisation of rural savings and in economic development Imo state, Jerome (1991) posits that these roles are not officially appreciated because of the rudimentary nature of their operations and the lack of legislation guiding and standardising their operations. The gaps unfilled by informal associations are taken over by moneylenders. These charge high interest rates but are willing to lend money at great risk. Eboh et al (1991) attributes this willingness to collateral undervaluation. They recommend channeling of money to individual borrowers through farmers’ groups and increased availability of loanable funds in rural areas as a means of reducing these high interest rates.
Okoria (1986) identified some factors that have effect on loan repayment. These are nature and time of disbursement, profitability of loan receiving enterprise and the number of supervision visits by credit officers after disbursement. Other factors found to influence loan recovery by both institutional and non-institutional lenders are type of lending institution, amount and type of credit and the socio-political environment in which the institution operates (Okorie and Iheanacho, 1992). The Nigeria Agricultural Cooperative Bank (NACB), now the Nigeria Agricultural Cooperative and Rural Development Bank (NACRDB), was established in 1973 to reduce incidence of credit paucity in the agricultural sector. That the shortage persists reveals that the task is greater than the capacity of the NACRDB, This can be partly attributed to the difference between agricultural sector budgetary requirements and the actual amounts allocated to the sector. Although large farms are better able to obtain credit as they have an edge over small-scale farmers in terms of literacy, size of holding, capital assets and annual income, they repaid only 1% of loans obtained against small farmers who paid back about 34% (Pandey and Yaki, 1989).
Data on loan repayment performance is inconsistent and varies from location to location. Njoku and Odii (1991) report repayment performance of 27% in Southeastern Nigeria. They attribute this to low enterprise returns, diversion of loans to non-agricultural enterprises and political consideration in loan approval. In Southwestern Nigeria, Ewuola and Williams (1992) recorded a loan recovery rate of 67%. Enterprise profitability and loan percentage given in kind were significantly and positively correlated to percent of loan recovered.
In the mid-1980s, a programme of economic liberalisation was initiated. This involved interest rate deregulation and it was expected that this would make agricultural lending more attractive to rural banks. It did indeed lead to an increase in loan volume and ratio to the agricultural sector (Oyejide, 1991; Olomola, 1994). This increase has however not been sustained (Council for the Development of Social Science Research in Africa, 1998; Ukoha, 1999). Among the reasons given for the unsustainability are poor policy implementation, lack of complementary policy measures to support core policy initiatives and an imprecise agricultural development strategy during the period of reforms. It was also felt that the Structural Adjustment Programme over-emphasised the divestment of the government from agriculture to the detriment of the takeover of the sector by the private sector, thus making the sector compete unfairly with more developed, but less strategic, sectors.
Several recommendations have been made in respite of increasing credit availability to farmers. These include disbursement of loans in kind, the adoption of informal agencies’ loan recovery strategies and the involvement of credit agencies in marketing of farm produce (Olomola, 1989; Okorie and Iheanacho, 1992). It is also advocated that formal institutions target their borrowers properly as this would ensure that credit gets to the most needy borrowers (International Livestock Research Institute, 1998). Jabbar et al (2002) also recommend inventory finance for community level input suppliers and service provides.
1.2 PROBLEM OF THE STUDY
Agricultural development has been beset by lack of fund. Source of fund were noted by popular study to be scarce. Where source of credit are available, farmers do not have security for loan. (NACRDB) introduces its small holders scheme (SHS) to avert the issue of security to the rural farmers.
Illiteracy has also proved to be a cancan worm in the smooth organization of the agricultural development Imo state. As a result of this, most farmers that are not opportune to attain basic education suffers from and agricultural development face off and this lead to gracefully below standardize of agro – business. But NACRDB staff training as it is its primary function to meet the training and development need of the bank staff and those of other institution and interested individuals especially in the area of agriculture and agric financial has help to cope this situation. Poor repayment also is one of the set back to (NACRDB)
The extent of repayment is considered by the performance of credit organization. Those who made all repayment of loan attribute it to lateness of loan and lose incurred form loan (NACRDB) give help to farmers who have such problem. Majority of farmers has benefited form all holders loan scheme (SHLS). The problem is on the critical evaluation of the impact of the scheme in rural farmers viz-vas rural development. Unfortunately, rural development structure Imo state is a limiting factor to the full realization of the (NACRDB) credit scheme.
In specific term, poor infrastructure facility such as rose, hospital, communication system, transportation and marketing of agricultural product are glossy below standard. Also this research will address the inherent problem of credit use are regard to socio-economic characteristics like education qualification, size of family and farm size, and income are critically factors in credit acquisition and uses. The research will examine the role of this factor in enhancing and improving the living standard of the farmers
Farm credit is an important means of improving capital investment in the agricultural sector to fulfill its expected role (Chidubelu and Ezike 1995) it is important in easing seasonal fluctuations in rural household incomes, promoting commercialization of farm enterprises and breaking the vicious circle of poverty among rural farming populace.
According to Osakwe and Ojo (1980), farm credit according to CBN report (1981), the only way to develop agriculture to achieve the self-sufficiency in food production is to invest massively in the sector.
Government response to this situation led to the establishment of the Agricultural Banks (AB) and other formal institutions who disburse agricultural credit to small holders farmers but it seems that most of the loans disbursed to the farmers are not repaid as at when due.
It is on this that the study tends to evaluate the loan repayment performance of smallholders farmers under the scheme of Agricultural Bank with a view to finding a solution to them.
Therefore answers to these questions are relevant to this study. What are the socio-economic characteristics of the respondents? Do the socioeconomic characteristics of the famers affect their repayment ability? How much of the agricultural loan was disbursed to farmers within the year under review?
What percentage of the actual Agricultural Bank was disbursed for a given period (2000-2010) as at when due? Is there any significant difference between the amount disbursed and that repaid within the year under review?
Do farmers utilize the loan disbursed to them for the intended and stipulated purpose? What factors influences and contains farmer in the repayment of loan in the area?
1.3 OBJECTIVES OF THE STUDY
1. To evaluate the roles of informal sector in improving Agricultural productivity in Imo state.
2. To evaluate the loan repayment performance of farmers under the smallholder Agricultural scheme of the Agricultural Bank in Imo state.
3. To describe the socio-economic characteristics of farmers’ beneficiaries.
iv. analyze the factors that influence the repayment of agricultural loan by farmers in the study area.
4. To know the challenges of informal sectors in agricultural production.
5. To suggest possible ways of solving the problem.
1.4 RESEARCH QUESTION
1. What the roles of informal sector in improving Agricultural productivity in Imo state?
2. What are the loan repayment performance of farmers under the smallholder Agricultural scheme of the Agricultural Bank in Imo state?
3. What are the socio-economic characteristics of farmers’ beneficiaries?
4. What are the challenges of informal sectors in agricultural production?
5. Are there possible ways of solving the problem?
1.4 RESEARCH QUESTION
H0: There is no significant relationship between informal sector and improve Agricultural productivity in Imo state.
H1: There is a significant relationship between informal sector and improve Agricultural productivity in Imo state.
H0: It is impossible to evaluate the loan repayment performance of farmers under the smallholder Agricultural scheme of the Agricultural Bank in Imo state.
H1: It is possible to evaluate the loan repayment performance of farmers under the smallholder Agricultural scheme of the Agricultural Bank in Imo state.
H0: There are no challenges of informal sectors in agricultural production.
H1: There are challenges of informal sectors in agricultural production.
1.6 SIGNIFICANCES OF THE STUDY
This study will be of an immeasurable benefit both to the lending informal lending institutions in Imo state on one hand and the farmers (borrowers) on the other hand. This is because the lending institution will be able to know and ascertain the credit need of the farmers, the period of loan recovery and the rate of default on loan. Farmers on the other hand will be in position to estimate the amount of credit available for each period. Its adequacy or otherwise or with a view for looking for other source of fund. It will also guide them on how to tackle the various agricultural credit-financing problems facing them. To the economy at large, the research work will be good to help since agricultural production has in the recent past being a national problem that need urgent attention. It will help the federal and the state government in formulation future agricultural credit policy for the country
Last but not the least, the work will be a useful Addison to the existing research work carried out in the area of agricultural credit financing Imo state and therefore will serve as a reference to future researcher.
1.7 JUSTIFICATION FOR THE STUDY
This study on Agricultural bank will be an immeasurable benefit to the continual efficient performance or contributions of the Agricultural Bank and most importantly to the smallholder farmers. This is because, the Agricultural Bank will be able to know and ascertain the period of loan recovery and the rate of loan default on the other hand, the small holder farmers will be in a position to estimate the amount of credit available for each period, it’s adequacy with a view for looking for other sources of fund for supplementary purpose.
It will also guide them on to tackle the various agricultural credit financing problems facing them. To the economy at large, this study will be good help since agricultural production has in the needs urgent attention it will help the federal and state government in formulating future agricultural credit policies.
This study covers the role of informal sector in agriculture in productivity in Imo, state
. As a student research time and money were my greatest problem, therefore there is no doubt that this two factors will have some limiting impact on my ability to run around for data collection. Apart from this two factor, (NACRDB) like every other business organization with its requirement of secrecy in handling its official document could not provide enough data as required by the researcher. For instance, the staff of (NACRDB) could not give any information on the level of default cases of their loan. It was also difficult to obtain information from the individual borrowers loan amount each year. This could have help to work the researcher determine how it deviated from the loan approved in a particular year. Faced with this situation, the researcher has to make use of the little information provided by the (NACRDB). Also because of the time factor and inadequate data, only one out of (NACRDB) numerical scheme will be treated in this work. That is the (NACRDB) small-scale holder direct lending scheme.
The researcher work involve but qualitative and quantitative analysis of data and other information which were obtain from the primary and secondary source in the form of passed data and faced interview, such data include the (NACRDB) role in financing agriculture for the period of 1991 to 2000. Data from stationeries, textbook, magazines, newspapers, presented in seminar etc.
HOW TO RECEIVE PROJECT MATERIAL (S)
After paying the appropriate amount (#5,000) into our bank Account below, send the following information to any of the numbers below
08068231953, 08137701720, 08154275408 (1) Your project topics
(2) Email Address
(3) Payment Name
OR you drop them on our WhatsApp, 08137701720
We will send your material(s) after we receive bank alert
BANK ACCOUNTS
Account Name: AMUTAH DANIEL CHUKWUDI
Account Number: 0046579864
Bank: GTBank.
OR
Account Name: AMUTAH DANIEL CHUKWUDI
Account Number: 3139283609
Bank: FIRST BANK
FOR MORE INFORMATION, CALL:
08068231953, 08137701720, 09070569307, 08154275408
]]>BEFORE YOU READ THE ABSTRACT OR CHAPTER ONE OF THE PROJECT TOPICS BELOW, PLEASE READ THE INFORMATION BELOW.THANK YOU!
INFORMATION:
YOU CAN GET THE COMPLETE PROJECT OF THE TOPIC BELOW. THE FULL PROJECT COST N5,000 ONLY. THE FULL INFORMATION ON HOW TO PAY AND GET THE COMPLETE PROJECT IS AT THE BOTTOM OF THIS PAGE. OR
YOU CAN CALL: 08068231953, 08137701720, 09070569307, 08154275408
WHATSAPP US ON: 08137701720
STUDY OF PRIMARY COOPERATIVE AND MEMBERS SOCIOECONOMIC WELL BEING
CHAPTER ONE
INTRODUTION
1.1 Background of the Study
In order to get a clear picture of the subject matter it is imperative to defined cooperative. ICA Statement on the cooperative defines cooperative as an autonomous association of persons economic, social and cultural needs and aspirations through a jointly-owned and democratically-controlled enterprise.
However, primary cooperative which is the subject matter is defined as a society which has as its object the promotion of the socio-economic interest of its members through a common enterprise managed in accordance with cooperative principles. A primary cooperative society must have at least ten individuals if it is an auxiliary cooperative and six persons if it is a productive or industrial cooperative. Each of these must have qualified for membership (NCSA, 1993).
Primary cooperatives are basically established to meet member’s social-economic need. The operations of primary societies permits the people who live in the same locality with the same goals and aspiration to go into synergy in order to actualize such goals collectively (Ijere, 1998).
The prospect of primary cooperative in promoting member’s economic welfare cannot be overemphasis sequel to the economic benefits arising from membership of primary societies: primary cooperatives in this regard pursue mutually beneficial, social and economic interest, provide goods and services to each other and the general public in the most cost effective way, prevent exploitation of the weaker members of the society by bringing them together to help themselves, protect the rights of the people as producers and consumers of goods and services, and promote mutual understanding and peaceful coexistence among the people of the community in which such primary cooperative is located.
The economic results of establishing primary societies arise out of the operation of a society that is jointly own through synergy and the gains of such enterprise is distributed in such manner as would avoid one member gaining at the expense of the others. Primary cooperatives have been recognised as a veritable instrument for the promotion of member economic welfare owing to its ability in mobilizing and organising people of the same economic and social aspiration into a common enterprise or primary societies therefore becomes very appropriate and suitable for improving the economic welfare of people through a common and collective enterprise that is people oriented (Okoh, 2003).
The prospect of primary cooperative in promoting members economic welfare cannot be overemphasis sequel to the economic benefits arising from being a member of such society. It is against this background that the researcher deemed the subject matter worthy of investigation.
1.2 Statement of the problem
Primary cooperatives have the potentials to boost the economic capacity of its members by mobilizing savings and granting soft loans to it members, providing other services as well as investment opportunities for its members (Okoh, 2003).
But inspite of this laudable prospect of primary cooperative in promoting member welfare, membership of primary cooperatives in the area of study is loe and insignificant, as such, doubt is expressed about the prospect of primary cooperative in promoting members welfare in the area understudy. This is so because if indeed primary cooperatives promotes members welfae as opined by (Okoh, 2003) then why is the membership of primary cooperative low and insignificant and their impact vague and obscure in the study area? It is in this light that the subject matter of this research is seen as a problem worthy of investigation.
1.3 Objective of the study
The central objective of the study is to examine the prospect of primary cooperatives in promoting members welfare. The specific objectives are:
1.4 Research Questions
i. How does primary cooperativespromotes member’s economic welfare?
ii. How can primary cooperative be used to improve member’s social wellbeing.
iii. What are the functions of primary cooperatives.
iv. What type of practical welfare assistance does primary cooperatives
render to their members?
v. What are the problems militating against primary cooperatives in promoting members welfare?
vi. What are the soloutions to these problem?
1.5 Significance of the study
This study will be of great benefit to policy makers, cooperative societies, members of the general public as well as students and researchers.
The study will aid policy framework regarding cooperatives development.
The study will also be useful to cooperative societies in creating cooperative awareness by showcasing the functions and benefits of primary societies to members and potential members.
To student and researchers, the study will serve as a springboard to undertake similar research. This is so because the study will be a useful reference material to students and researchers undertaking similar study. As such the study will add to already existing body of knowledge regarding primary cooperative societies.
1.6 Scope of the study
The boundaries of this study is restricted to the period of investigation, the environment in which the research data were collected and the cooperatives societies investigated. The study covers the activities of synergy artisan cooperative society from 2010-2011. The research is limited to synergy artisan cooperative as regard the collection of primary data. The subject matter is restricted to the examination of the prospect of primary cooperative in promoting member’s welfare.
1.7 Clarificaton of Terminologies
Cooperative: This is an autonomous association of persons united voluntarily to meet their common, economic, social and cultural needs and aspiration through a jointly own and democratically controlled enterprise (I.C.A, 1995).
Primary Cooperative: This is a cooperative society which has as its object the promotion of the socio-economic interest of its members through a common enterprise managed in accordance with cooperative principles. A primary cooperative society must have at least ten individuals if it is an auxiliary cooperative and six persons if it is a productive or industrial cooperative (Ishyaku 2010).
Cooperative Union: This is the association of affliation of registered cooperative societies in every state or a particular geographical area.
Cooperative failure: This refers to a situation when cooperative societies cease to actualise or practice cooperative values as enshined in it principles (Isyaku, 2010).
Cooperative Nexus: This refers to the functional relationship and inter-linkages between the cooperative organisation and member’s private business enterprise (Chukun, 1995).
Mutuals: A term used to describe businesses owned and controlled by their members. This includes building societies, cooperatives, credit unions, friendly societies and many associations (operational definition, 2011).
HOW TO RECEIVE PROJECT MATERIAL (S)
After paying the appropriate amount (#5,000) into our bank Account below, send the following information to any of the numbers below
08068231953, 08137701720, 08154275408 (1) Your project topics
(2) Email Address
(3) Payment Name
OR you drop them on our WhatsApp, 08137701720
We will send your material(s) after we receive bank alert
BANK ACCOUNTS
Account Name: AMUTAH DANIEL CHUKWUDI
Account Number: 0046579864
Bank: GTBank.
OR
Account Name: AMUTAH DANIEL CHUKWUDI
Account Number: 3139283609
Bank: FIRST BANK
FOR MORE INFORMATION, CALL:
08068231953, 08137701720, 09070569307, 08154275408
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