The role of cooperative society in economy development - case study of Cooperate Affairs Commission, Ilorin, Kwara state Department: Business Administration and Management By: Eniolamoses Project ID: 8758 Rating: (5.0) votes: 1Rate this project12345 Price:₦4000 Get the Complete MaterialAbstractThis study examines the role of cooperative societies in fostering economic development in Nigeria, with a specific focus on the Corporate Affairs Commission (CAC) in Ilorin, Kwara State. Drawing from historical and contemporary perspectives, cooperatives are positioned as vital mechanisms for addressing economic challenges such as poverty, limited access to finance, and market exploitation among low-income groups, particularly in rural areas. The research highlights how cooperatives promote mutual self-help, provide credit facilities, encourage savings, and offer business advisory services to enhance members'' socio-economic status. Employing a descriptive research design, data were collected via questionnaires administered to 50 respondents from 10 randomly selected cooperative societies registered under CAC Ilorin, supplemented by interviews and secondary sources. Percentage analysis revealed that 100% of respondents affirmed cooperatives'' benefits, including loan provision, business monitoring, and capital generation through thrift savings and member deposits. However, challenges such as inadequate funding, lack of collateral, inexperienced management, and limited government support were identified as barriers. The findings underscore a significant positive relationship between cooperative societies and economic development, evidenced by job creation, rural savings mobilization, and investment opportunities. Hypotheses testing confirmed cooperatives'' impact on Nigeria''s economy. Recommendations include government low-interest loans, member education programs, and improved loan repayment mechanisms to enhance efficiency. This research contributes to policy insights for sustainable cooperative growth, emphasizing their potential in poverty alleviation and community empowerment in Kwara State and beyond....Preview Download Preview +Other Business Administration and Management project topics and materials you might be interested in»The Effect of Management Information System on Achievement of Organization Objectives ( A Case Study of Nitel Owerri )»The impact of production planning and control on a manufacturing process ( a case study of Nigeria bottling company aba, abia state)»The Impact of Staff Discipline in the Attainment of Organizational Objectives ( A Case Study of Selected Organizations in Owerri, Imo State )»The Effect of Motivation on Employees Productivity in Anambra State ( A Case Study of Education Commission Awka )»Marketing implication of merger and acquisition in banking industry - a case study of Access bank Plc, Bida branch, Niger state»The Impact of Performance Appraisal on Staff Productivity ( A Case Study of Diamond Bank Plc, Owerri )»The effect of irregular payment of workers salaries on productivity of workers in imo state (a case study of owerri municipal council)»The impact of welfare packages on employees performance (A case study of Nigeria breweries plc Aba)»A critical evaluation of leadership style and organization performance in the private sector ( a case study of selected establishment in abia state)»The Effects of Motivation on Workers Morale ( A Case Study of Power Holding Company of Nigeria, Aba )»Management Problems of Manufacturing Industries in Nigeria ( A Case Study of Nigeria Breweries Plc and Unilever Plc )»Motivation and Employee Performance in Public Sector ( A Case Study of NTA Channel 12 owerri)»An assessment of the impact of modern communication facilities on service delivery in business organization ( A case study of ICT based firms in aba, abia state)»The Impact of Delegation on Management Decision Making ( A Case Study of Zenith Bank Plc, Enugu )»The Role of Customer Service in the Service Delivery of Multinational Companies in Nigeria ( A Case Study of Unilever Nigeria Plc Aba)