ROLE OF MARKETING CO-OPERATIVES IN ECONOMIC DEVELOPMENT
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ROLE OF MARKETING CO-OPERATIVES IN ECONOMIC DEVELOPMENT
ABSTRACT
This initiative examined the significance of marketing cooperatives in Nigerian economic development. (A case study of the Rice Marketing Cooperative in Ugbawka, Nkanu East).
A study was done on the type of marketing co-operatives in Ugbawka Nkanu “East,” as well as the management and organisation of Ugbawka marketing co-operatives, to acquire useful data on respondents’ attitudes towards marketing cooperatives.
The data was gathered from two types of respondents: organisation members and the Nkanu-East Local Government Cooperative Council.
The questionnaire was the most commonly utilised data collection instrument. The collected data was analysed using a percentage approach. The study discovered that local societies pushed members to save, provided small loans, and fostered togetherness among them. They also sell things at inexpensive prices and generate food (rice) for the community.
However, the study found that the growth of marketing co-operatives in the area is hampered by issues such as fraud, inefficient management by individuals in charge of the co-operatives, a lack of financing, and non-payment of loans, among others.
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