THE POTENTIALS FOR A CO-OPERATIVE THRIFT AND CREDIT SOCIETY IN HIGHER EDUCATON
(A CASE STUDY OF IMT ENUGU)
ABSTRACT
In this research work, the researcher made use of both primary and secondary data. Under primary data carefully prepared and detailed questions called questionnaire was used to collect data from student of Institute of Management and Technology so that the student can express their views freely as regards the cooperative thrift and credit society program. Out of the 90 questionnaire that was distributed 80 were returned.
In analyzing the data bar chart, tabular presentation, simple percentage and descriptive analysis were adopted to analyze the data collected.  The goal of this study is to produce graduate with requisite knowledge, expertise and experience to work productively as a cooperator
TABLE OF CONTENTS
CHAPTER ONE
1.0    INTRODUCTION                                                  
1.1        Background of the study                                               
1.2        Statement of Problem                                          
1.3        Objective  of the Study                                                
1.4        Scope and Limitation of the study                          
1.5        Significance of the Study                                              
1.6        Definition of the Terms                                         
CHAPTER TWO
2.0        Review of Related Literature                             
2.1        Meaning and Features of Co-operative Societies
2.2        Form/Structures of Co-operative Society
2.3        Co-operative Union                                      
2.4        The Essence of Co-operative Society      
2.5        Basic Functions of Co-operative
Thrift and Credit Society                       
CHAPTER THREE
3.0   Research Design and Methodology
3.1        Research Design                                  
3.2        Area of study                                              
3.3        Population of the Study                                
3.4        Sample Size                                               
3.5        Sources of Data                                  
3.6        Method of Data Collection                     
3.7        Administration of Instrument                 
3.8        Method of data Analysis                                
3.9        Test of Hypothesis                                       
CHAPTER FOUR
4.0        Presentation of Analysis and interpretation of data
4.1        Presentation of data                                     
4.2        Analysis of Data                                  
4.3        Interpretation of data                           
CHAPTER FIVE
5.0   Summary of Findings, conclusion and recommendation
5.1         Summary of Findings                          
5.2        Conclusions                                        
5.3        Recommendations                                               
Bibliography
Appendix
CHAPTER ONE
INTRODUCTION
1.1 BACKGROUND OF THE STUDY
Co-operative credit and thrift society
         Cooperation credit and thrift society is now in existence in many higher institutions. Based on this, one might start to wonder what this research topic is all about. Credit cooperation started in Germany. The effort of two men ensured this success history today. There were Herman shultze Delitszch and Fredrich Wilhelm Raiffesen
        Shultz delitszch was a lawyer by training and a member of German National Assembly. In 1850 in eilenburgh, he organized the first ever credit cooperative society in history. Being on urban cooperative society, it was organized among heterogeneous populations, individuals who do not know each other. Because of this, the cooperative had been designed based on the principles of shareholding; material security for loans granted and limited usability. In 1867, the German government passed a cooperative societies act to recognize and protect these societies. In no time, this urban credit cooperative society spread all over Europe and to even America and Canada
                On the other hand, fredrish Wilhelm Raiffeisen who was a solider, railway builder and wine merchant and also a devoted Christian started among the rural dwellers, credit cooperative society. The rural farmers lacked sufficient fund to pay cash for farm equipment and household necessities. In northern Germany, Raiffeisen organized what he called ‘loan societies’. This society was not based on charity but on self help which is hinged on regular thrift saving not on shareholding. Members of that society saved weekly. Obodoechi (2006)
 Institute Of Management and Technology (IMT) Enugu
        Imt Enugu came into existences under the then east control state o Nigeria edict no 10 of 1993 promulgated by the administrator of east central state-Aije ukpaboi asika prior establishment of the great IMT, there existence uphill 1969. The colleague of technology offered recourse in engineering, laboratory technology leading to award of ordinary diploma, the cooperative college which offered a certificate course in cooperative studies to cooperative inspectors from the ministry.
        The college of technology was part of the ministry of education and the ministry controlled it. In1970, there arose the need to establish a higher institution of leaning for upgrading and tracing of men and women of technological, managerial and engineering fields. In October 1972, the administrator of the east central state appointed a provisional council, this council was charged with determining and recommending to the government on appropriate structure of an autonomous subject areas indicated by the state and national needs. In April 1973 a report was submitted by the council. Thus on 31st May 1993 the edict No 10 of 1973 titled “THE IMT EDICT 1973” was promulgated. The edict took effect from July 1st 1973 and then gave birth to what is now known as Institute of Management and Technology (IMT) Enugu. With Dr Ukwu as the first chairman of council while Professor M.O Chijioke as the first rector. Mr. B.O Akukuwa as the first registrar.
1.2    STATEMENT OF THE PROBLEM
1.     To make student know the need of a common forum that is, where they can solve their financial and material problems such as school fees, house rent etc.
2.     To find out if student of institute of management and        technology are aware of cooperative thrift and credit society programs and the benefit of the educational institute.
3.     To find solutions to the factors militating against       student being members of the society.
4.     They also have to find out the factors hindering them from being members after being aware of the existence         of the program.
1.3    OBJECTIVES OF THE STUDY
1.     To inculcate investment spirit in student of the         cooperative credit and thrift society.
2.     It also helps to educate student about the existence of      cooperative movement.
3.     Cooperative thrift and credit society also helps to     enhance proper and efficient management of funds among student and thrift in order to provide credit           facilities for them.
4.     To educate student about the special attribute of the        cooperative thrift and credit society.
5.     It encourages cooperative spirit and practice of       cooperative among student.
6.     They also help in funding educational material and   financial uplifting.
1.4    RESEARCH QUESTION
1.     Does cooperative thrift contributes to the growth of cooperative
2.     Is cooperative thrift profit oriented society
3.     Do student really understand the cooperative thrift and     credit society.
4.     If cooperative were to be established in institute of   management and technology, would you like to join.
1.6    SIGNIFICANT OF THE STUDY
The purpose of this research work is to assist in creating cooperative movement in our institution of higher learning.  This is with a view to improve the cost and problems faced by students of IMT Enugu in the area of accommodation, feeding, payment of school fees and payment for textbooks and handout etc. cooperative, thrift and credit society helps to achieve all this in higher institution by educating the student about what the cooperative movement is all about its early beginning.
1.7    DEFINITION OF TERMS
1.     Co-Operative:   it is an autonomous body free from governmental or external control and domination I.C.A         of (1995)
2.      Cooperative Movement: this is socio- economic activity aimed at creating and developing cooperative        coniine       dictionary.
3.     Credit: this is money lent by the cooperate society to      its members at low interest rate.
4.     Thrift: this refers to the act of saving by the members     of the cooperative society.
5.     Program: this refers to the cooperative thrift and    credit society.