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- No of Pages: 44

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Introduction:

Abstract

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Table of Content

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Introduction

This chapter is to introduce the following points, background of the study, statement of the problem, objectives of the study, research questions, hypothesis, and significance of the study and definition of terms.



BACKGROUND OF THE STUDY

Cooperative is a basis for overall transformation of citizenry social and economic problems.

According to Berko, (1987:297), cooperative is a voluntary and democratic association of persons with variable membership and variable capital whose members pooled themselves and their resources together on mutual and self help basis to form a business enterprise which seek to solve the socio-economic problems of these members by directly providing goods and services to them in their capacity as either the owner/customer or owner employees of the cooperative enterprise.

According to Bob Igwe (2012:2) cooperative is defined as an association usually incorporated with economic aims, formed by or for persons or cooperation’s, having common needs approximately equal or proportional contribution to capital deriving proportionate service and benefits from it.