CHAPTER ONE
- INTRODUCTION
1.1 BACKGROUND OF THE STUDY
Global unemployment causes sleepless night; several government bodies have set up institution that could find solution to the unemployment menace. At times these bodies came up with several committees that government should control population of educational system and compulsory services for graduating youths etc. as means of checking unemployment’s rate.
In Africa, particularly Nigeria, unemployment danger or menace have causes the government to come up with several employment schemes like Nation Directorate of Employment (NDE), to provide jobs on its teeming population. However, the government even carried itself reliance programmes so as to impact into its citizenry, the need to develop their initiatives and employ them.
Some states governments were not left out in trying to find solution or its teeming populace. Several employment agencies were set up like Voluntary Services Scheme (VSS) at Anambra State; it is to say that despite all these efforts, no significant results were recorded. No amount of government polices, provisions of human and material subventions training of manpower. Employment of expatriates has been able to improve employment rate.
Like a mustard seed, an ideology that Michael force with European industrial revolution of 18th century, particularly in Britain, not only survival but also was exported to some parts of the world including Nigeria.
Co-operative call of self-mutual help integration of resources to the satisfaction of all contributors’ identified need(s). Besides, “No man is an island”, a tree cannot make a forest. People from different background(s) pool their expectations together. The act of carrying out these activities is called co-operative society.
Therefore in Anambra State, Oganiru Age Grade in Nnewi North Local Government Area enhanced this research activity which was conducted as to know the level or impacts of co-operative in reducing unemployment danger.
1.2 STATEMENT OF THE PROBLEM
In view of the problems the Nigeria government at all level as well as private individual, have recently realized the importance of co-operative business enterprise as vehicle for economic development of co-operative business organization.
The reasons attributed to this situation include lack of finance or initial capital, lack of access to credit facilities among others. It is a well-known fact that in this country, many co-operative organizations only exist in names. This major reason responsible for this state of affairs is low capitalization. With this problem of finance is the mismanagement of funds rampant in most co-operative society.
The dynamic role co-operative society organizations are expected to play in our match to economic greatness and the motivation of entrepreneurs in this direction are being realized at all. This is a great dissonance to our national economy. This problems trigger of the questions;
- Does co-operative business enterprises have enough employment potentials for the ever growing Nigerian population from the pintails from the point of view of Oganiru Age Grade in Nnewi North Local Government Area
- What are the factors hindering the growth of co-operative business enterprise?
- Hold significant is lack of capital and infrastructural facilities in the establishment and operation of co-operative society organization a site relates to Nnewi North Local Government Area.
- What role does government policy play to encourage the establishment of co-operative business enterprises in Nnewi North Local Government Area?