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CHAPTER ONE
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INTRODUCTION
1.1 Background of the Study
Isyaku and Usman (2007) relate “Third principle: Member Economic Participation: Members contribute equally, and democratically control the capital of the cooperative. They usually receive limited compensations, if any, on capital subscribed as a condition of membership. Members allocate surpluses for any or all of the following purposes: developing the cooperative, benefiting members in proportion to their transactions with the cooperative, and supporting other activities approved by the membership (I.C.A. 1995)”.
Isyaku et al (2007) further states, “principles are guidelines for how to put ideals and values into practice. They rest on a distinct philosophy and view of society that helps us judge our accomplishments and make decisions. If successful, principles are incorporated into the organizational culture of the cooperative; they are the broad vision statement for cooperatives and cooperators individually and collectively.
Shared and actualized principles allow cooperatives to be distinguished from other forms of organization. As the ICA puts it “principles are not a stale list to be reviewed periodically and ritualistically; they are empowering frameworks through which cooperatives can grasp the future.”
Given that ICA has adopted a new set of principles and; implicitly all of the world’s cooperatives have agreed to uphold them, there is no more important visioning work for your cooperative to do than to become familiar with the new principles, discuss them and understand what impact may have on your business an opportunity to re-energize and commit itself to the general goals of cooperation and to attract new people to the cooperative movement”.
“The principle discusses the economic structure on which cooperative activities are based.” The principle emanates from the fusion of two 1966 principles namely:
- Limited Interest on Capital if any and
- Equitable Distribution of Surpluses, Savings, or Economic Results.”
As a results, effects of member economic participation on cooperative performance could not be over emphasized. The performances of cooperative societies cannot be operational in the absence of member economic participation. The main thrust of research work is to emphasize the improvement of member economic participation towards the performance of the cooperative societies. The factors affecting
member economic participation include: The abilities, competence, awareness strength, knowledge and diversifications of the members.
Furthermore, “there are a lot of countries in the world that have achieved their economic well being through the activities of cooperatives. Prominent among them are USA, Germany and England. Cooperative societies encourage a lot of activities that will lead to the economic health of .a nation. Such activities include self enhancement, promotion of thrift and saving, encouraging mutual concept and above all eradication of illiteracy which are necessary prerequisite for a developing nation (Anyanoucha, 2010).”
Lastly, Central Administration Cooperative Investment and Credit Society (CACICS) were established with the aims of advancing and protecting the economic, social and cultural needs and aspirations of its members with specific mission of encouraging and promoting in its members the habits of saving and investment that would be beneficial to them even alter their active services.
1.2 Statement of the Problem
Cooperative societies have been remarkably doing well for decades, in Nigeria. As a results, the importance of Member Economic Participation to the performance of Cooperative Societies cannot be overemphasized due to their direct effect on cooperative business development.
However, the factors affecting the performance of cooperative societies in Nigeria, are doubtful to some extent that some cooperative societies have collapsed. Because, active performance of Member Economic Participation is required greatly for the cooperative societies to succeed.
.Local Government And The Challenges Of Rural Development In Nigeria
.Problem Of Local Government Authonomy
At this juncture, the researcher intends to find out the extent of the application of the principles of Member Economic Participation and its effects on the survival and performances of cooperative societies.
1.2. Objectives of the Study
1. To find out internal factors, in relations to the Member Economic Participations that affect the performance of Cooperative Societies;
2. To find out if there are external factors that affect the effectiveness of the application of Member Economic Participation on the Performance of Cooperative Societies;
3. To determine areas that Member Economic Participation is not effective towards the performance of Cooperative Societies
4. To proffer solutions to the factors affecting the Member Economic-Participation’s abilities towards their effect on the performance of Cooperative Societies.
1.4 Research Questions
1. What are the internal factors, in relation to the activities of the Member Economic Participation that affect the performances of Cooperative Societies?
2. What are the external factors that affect the effectiveness of the application of Member Economic Participation on the performances of the Cooperative Societies?
3. What are the areas that Member Economic Participation is not effective towards the performances of Cooperative Societies?
4. What are the possible solutions to the factors affecting the Member Economic Participation’s abilities towards their effect on the application of Cooperative Societies?
1.5 Significance of the Study
This study is to find out the effectiveness of Member Economic Participation on the performance of Cooperative Societies. The significance of a study of this magnitude cannot be overemphasized. The Government Cooperative Department, Corporate organizations in involved Cooperative activities, Nigerian Cooperative Societies in particular and incoming students as well as other researchers alike will find this study really significant especially as they utilize the findings.
To the Government Cooperative Department and of course Corporate Organizations engaged in Cooperative Venture, the findings of this study will be used as a basis for enacting policies that will effectively regulate the activities of Nigerian cooperatives so that the essence of forming such societies cannot be defeated.
Furthermore, members of the public who are interested in Cooperatives will use the results of this study as an insight into the formation of new societies especially Nigerian Cooperatives or joining existing ones. It will contribute in creating more awareness in the inhabitants of the immediate community as regards the role of Nigerian cooperatives in satisfying their welfare needs and thus encourage them to take maximum advantage of the opportunities opened to them.
It should also be noted that this study is of scholarly importance, students undergoing research works similar to the present study and other scholars alike will find this work as reference material or a spring board for their own research work.
1.6 Scope and Delimitation of the Study
This study examines the effect of Member Economic Participation on the performances of Cooperative Societies in Nigeria. An examination of how the activities affect the performance of Cooperatives fall within the scope of this study.
The study equally covers an in-depth examination of the possible problems that could be militating against the effective application of the principle of Members Economic Participation by Cooperative Societies. The research work is restricted to CABS Cooperative Investment and Credit Society – CABCICS Ltd. Located in CBMS, Kaduna Polytechnic and Central Administration Cooperative Investment and Credit Society -CACICS located in Central Administrative area of Kaduna Polytechnic.
The study does not in any way include accounting methods in Cooperative Societies neither does it involve an examination of managerial styles in Cooperative Societies. It equally does not involve an examination of differential effects of Cooperatives on the socio-economic welfare of male and female members.
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