Thesis Abstract

Abstract
This study aims to provide an in-depth appraisal of the activities and management methods of the Anambra Manufacturing Company (ANAMMCO) Workers Multi-purpose Co-operative Society in Enugu, Nigeria. The research explores the various activities carried out by the cooperative society and evaluates the effectiveness of its management methods in achieving its objectives. The study utilizes a mixed-methods approach, incorporating both qualitative and quantitative data collection methods. Through surveys, interviews, and document analysis, the research examines the organizational structure of the cooperative society, the range of services it provides to its members, and the financial management practices in place. Additionally, the study investigates the level of member participation in decision-making processes and the extent of their satisfaction with the services offered by the cooperative society. The findings of the research highlight the diverse activities of the Anammco Workers Multi-purpose Co-operative Society, including savings and credit services, agricultural initiatives, and educational programs. The study reveals the significance of these activities in supporting the economic well-being of the members and promoting a sense of community and solidarity among them. Moreover, the research evaluates the management methods employed by the cooperative society, focusing on aspects such as leadership, governance, and accountability. The study identifies areas of strength in the management practices of the cooperative society, such as transparent financial reporting and regular audits. However, it also uncovers certain challenges faced by the society, including issues related to communication, decision-making processes, and member engagement. Overall, the research provides valuable insights into the activities and management methods of the Anammco Workers Multi-purpose Co-operative Society in Enugu. The study underscores the importance of cooperative societies in empowering workers and fostering socio-economic development at the grassroots level. The findings of this research can inform policymakers, stakeholders, and cooperative members on ways to enhance the effectiveness and sustainability of cooperative societies in Nigeria.

Thesis Overview

1.0       INTRODUCTION

1.1   GENERAL INTRODUCTION

The population of this study is limited to the worker’s of ANAMMCO who come together of their own free will to form the ANAMMCO worker’s multipurpose co-operative society Ltd. This is made up of people who voluntarily associated together as human beings on the basis of equality, for their social-economic interest.

Anammco worker’s multipurpose co-operative society limited has become co-operative that co-operation as a corrective measure to capitalism, has an ideological base that is rooted on democracy, caring and sharing.

The society was formed in August 11 1987 and was incorporated in 25 March 1988, with total membership of 415. Activities of the society include: granting of loans to members, establishment of staff shop to sell commodities.

Presently, Anammco worker’s multi-purpose co-operative society has about 748 members, among them are 70 females and 678 males.

Anammco worker’s multipurpose co-operative society ltd has about N55,000,000 value of their Assets and N25,000,000 value of liabilities.

Co-operative as social economic society have their record books which they use to record all the financial transactions and the event in the society. In Anammco multipurpose Limited, they use six record books among them are:-

A)     Committee minutes book

B)     General minute book

C)     Member’s register

D)     Cash book

E)     Personal ledger

F)     Attendance register

As a society that operate in fragile Economic situation, Anammco M.P.L.S are facing many problems which include: