Notesale: Turn your study into money

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The act of investing in Housing co-operative is only the first step
towards the investment of capital
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TABLE OF CONTENT
CHAPTER ONE

1
...
1

Introduction

Statement of the problem
1
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3

Aims and objectives

1
...
5

Scope of study

1
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7

Limitation

1
...
0

Literature review
2
...
2

Functions of housing co-operative society

2
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4

Sources of founds for housing co-operative societies

2
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6

Problems of housing co-operative societies

2
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8

Functions

delivery
2
...
0

Research methodology
3
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2

Study area

3
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1 Population
3
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4

Data presentation procedure

3
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6

Method of data collection

3
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0

Introduction
4
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2

Distribution of questionnaires within two income groups in

the two L
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A
The contribution of the actors to the operations of
cooperative societies
4
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4

Information on the present accommodation of respondents

4
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6

Types of housing cooperative favoured

4
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8

Readings of respondents to offer self help

CHAPTER FIVE

5
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2

Summary

5
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4

Recommendations

Bibliography
CHAPTER ONE
INTRODUCTION
Co-operative societies in Nigeria are believed to have started between the
period of the first and second world wars and more especially in the (Beer
1976)
...
But even
before the above stated period, there were successful attempts by
indigenous

groups

at

the

traditionally

styled

co-operative

societies

commonly known as “Isusu”
...
To further assist in the smooth operation of cooperatives, specialized banks have long been established across the country
to cater for their banking needs
...
The co-operative may

cover financing of the project by group contribution actual participation
...

FUNCTIONS OF HOUSING CO-OPERATIVE SOCIETIES
1
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Banks government and other institution find it easier to
deal with group interested in housing development instead of
individual basis
...
Supervises
or monitors the use of the housing loans/credit o avoid diversion,
mismanagement or misapplication etc
...

ii
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Co-operative society involved in housing scheme ensures that loans credits
with interest are timely repaid to financial institutions that made it available

by members
...

1
...

Low and middle-income earners constituting over 95% of urban work
force wee the most affected
...
The Nigeria building and
road research those of its study institute (NBRRI) made in Nigeria a
prototype houses that can be funded by urban housing co-operatives
...
The group forms what might be regarded as
the traditional styled co-operative society commonly known as “Isusu”
...
In a co-operative, the investment and operational risk, benefits
gained or losses incurred are shared equitably by its members in
proportion to their use of the co-operative services
...

Some of the problems include
1
...

2
...

3
...


paste

minister

of

1
...
An increase in the
housing market activities usually indicates a strong economy while a
decrease in the market shows weakness in the economy
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Over the past decade the potential of the housing sector in enhancing
the social and economic development of developing countries have
become very apparent
...
It
creates employment, especially of unskilled and semi-skilled labour
...
This is in addition to developing the
necessary infrastructure required for economic expansion and healthy
living environment of the people
...


This is dispute the irritation and application of many innovative laws
and policies at federal and state levels and the setting up of numerous
agencies charged with the responsibilities of implementing various
aspects of the national housing policy
...
At the federal
housing authority (FHA), the housing division of the federal ministry of
works and housing (FMWH) and the urban development bank of
Nigeria (UDBN) Plc have been established, similarly policies such as
mortgage institutions Decree No 53 of 1992, urban and Regional
Planning Decree, as well as the land use were enacted
...
However, despite all the
effort, the housing problem has remained seemingly intractable
...
3

AIMS AN OBJECTIVES

The aimed ways of using the co-operative to increase the number of
residential house available for low and middle level income urban

dwellers
...

1
...

2
...

3
...

4
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To produce a useful data for the drafty of the proposed housing

co-operative decree
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4

SIGNIFICANCE OF THE STUDY

Government, in this project has tried to point out the enormity of housing
facing Nigeria
...
It also agreed that the current

National Housing Policy is very comprehension enough to take the nation to
year 2010, but with some modification
...

The research has through this project highly lighted certain issues and
problem that effects housing delivery general, and the disbursement of the
national House Fund (NHF) in particular
...

Low – income earners
...
It is geared towards achieving
self-sufficiency in the materials, and bring them within the economic reach
of most Nigeria the low income earners especially
...

1
...
It focused on
middle and low – income earners in Enugu East and Enugu West local
government councils
...

1
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What are the advantages of housing co-operatives

based on self –help
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How do the low and middle level income earners,

respond to the idea of housing co-operatives
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Relate the urban low and middle level income to

appropriate profit types low cost residential accommodation that
can be founded by co-operatives
...


What is the useful data for the drafting of proposed

housing co-operative?
1
...
8
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00) or below as at 1988
or whose arrival income is 20% or below of the maximum annual income of
the highest salary grade level within the civil service structure, which ever is
high
...
8
...

1
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3 Housing co-operative
The definition of housing co-operative was agreed to be “a formal
association of members physical, social and economic living condition,
utilizing self – help principles
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8
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1

The “PHYSICAL” aspects may include; Slum and

squatter up grading programmes, site and services programme core
housing

project,

home

construction on private land
...
8
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2

The

“SOCIAL”

Components may

be

defined

as

community facilities and social activities, including such things as
daycare centers, religious centers, school community centers,
health, and sanitation facilities, communication and transportation
network
...
8
...
3

The

“ECONOMIC” aspects

may

include

building

materials productions centers, employment generation activities,
promotion of small and shopping areas (e
...
co-operative consumer
stores)
...
8
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4

The “SELF - HELP” Part includes, but is not limited to

self – construction or sweat equity
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