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EFFECT OF GOVERNMENT PROMOTION ON THE ECONOMIC SITUATION OF CO-OPERATIVE SOCIETIES IN ENUGU STATE

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EFFECT OF GOVERNMENT PROMOTION ON THE ECONOMIC SITUATION OF CO-OPERATIVE SOCIETIES IN ENUGU STATE

 

 

Abstract

This work is on the effect of government promotion on the economic situation of co-operative societies in Enugu state. The purpose of the study was to find out the economic situation of the co-operatives as well as investigate the positive and negative effects of government promotion in co-operative societies in Enugu State. The research employed the survey design method. The population of the study comprises of all the members of co-operative societies in the seventeen (17) local government areas of Enugu State, utilizing 10 co-operative societies as the sample for the study. The structured questionnaire was developed and distributed to the respondents as the instrument for data collection. Tables, figures and percentage were utilized in analyzing and interpreting the data collected. The result of the study revealed that the economic condition of co-operative societies of Enugu State is not encouraging as 77 respondent representing 38.1% indicate that there is poor government attribute to the improvement of co-operative societies. The study also reviewed that government promotion has mostly a negative effect on co-operative societies as 54 respondents representing 26.7% indicate that government uses co-operative as their instrument or for their own interest. The researcher therefore recommended that government should have the policy of assistance without control because the co-operative cannot afford all the required equipment and finance to run its day to day activities since cooperative is for the marginal members. But through the government assistance the co-operative will be able to carry out seminars, programmes and education that will help their members to know their standard and position in the society.

Keywords: Government Promotion, Economic Situation, Co-Operative Societies, Enugu State