UNEMPLOYMENT AND CO-OPERATIVE SOCIETIES A CASE STUDY OF ENUGU EAST LOCL GOVERNMENT AREA. A RESEARCH PROJECT MATERIAL ON CO-OPERATIVE ECONOMICS
1.1 BACKGROUND OF THE STUDY
There are some vital issues that we have not failed to know and understand about the topic under discussion. First and foremost, we have succeeded in bringing into cognizance that one of the support agencies which its role deals squarely on unemployment and underemployment in Nigeria is National Directorate of Employment (NDE). It was established by the Federal Government in November, 1986 which is solely dealing with the menace of mass unemployment in the country as it was stated in its four core programmes and it was inaugurated on 30th of January, 1987.
On the other hand, the co-operative societies are not exempted, in so far that the both are promoting the creation of employment opportunities for co-operators. Co-operative itself cuts across every facet of social, political and economic aspects. For instance, Nigeria Agricultural and Co-operative Bank (NACB) which was constituted in 1973 by the federal Government with an initial capital of twelve million naira (N12m). In this direction of co-operative societies in the agricultural sector with the provision of credit facilities.
In furtherance, National Directorate of Employment has the following cardinal objectives to achieve especially in generating employment. Ensuring that co-operators or job seekers become entrepreneurial oriented and pay less attention on government paid employment and thus reducing drastically the high level of unemployment.
Before we round off, the federal government has been making concerted effort to mass unemployment. Currently, Olusegun Obasanjo’s regime is tackling this through National Poverty Eradication Programme (NAPEP) as far back as 1999 till date (2005). All is to stamp out unemployment.
Recently, the National Directorate of Employment announced and outlined various training programmes and thousands of job to be provided for the unemployed Nigerians at the middle of August, 2005.
1.2 STATEMENT OF THE PROBLEM
More often than not, lack of employment has given rise to all kinds of set back, problem in all sectors of our economy. In fat, the high rate of unemployment and under employment has completely raged the socio-economic well – being of our nation, thereby, causing untold hardship, depression, frustration and forceful massive exodus of our teeming brethrens who are seeking for greener pastures abroad.
In other words, the fact remains that the high rate of unemployment problems are getting out of hand and even reached to a worsening level. Day-by – day, it multiplies to an alarming proportion.