AN EVALUATION OF THE CONTRIBUTIONS OF COOPERATIVE SOCIETIES IN HOUSING FINANCE TO WORKERS OF TERTIARY INSTITUTIONSIN ZARIA METROPOLIS
AN EVALUATION OF THE CONTRIBUTIONS OF COOPERATIVE SOCIETIES IN HOUSING FINANCE TO WORKERS OF TERTIARY INSTITUTIONSIN ZARIA METROPOLIS
No Thumbnail Available
Date
2015-05
Authors
MAHMUD, Sani Madobi
Journal Title
Journal ISSN
Volume Title
Publisher
Abstract
Most public and private workers in Nigeria have always faced the problem of housing either
during service or after retirement. This is because the mechanism put in place by the
government for tackling the problem has not live to their expectations. From the inability of
Federal Mortgage Bank of Nigeria to give out sufficient loans to workers for their housing
needs to the low performance of National Housing Fund (NHF) which was established in
1992. Still the problem of housing revolves among public and private workers in the country
despite deductions from workers salary for the scheme because workers are unable to assess
the fund for their housing projects. The main objective of this research work is to assess the
contributions of the Cooperative Society (CS) in funding housing finance to workers in Zaria
metropolis, Nigeria. Survey method was adopted in collecting the relevant data through the
distribution of questionnaires to 349 cooperators of the five higher institutions in Zaria
metropolis. After validation of the instruments, 94 were invalid, hence, 250 instruments were
used for the analysis. Descriptive analysis, chi-square 2 test, content analysis and
Cooperator Satisfaction Index (CSI) were used for analyzing the collected data. It was found
that CS has significant effect in providing housing finance to workers of higher institutions
in Zaria Metropolis. CS and NHF were compared in terms of interest rate, affordability,
transaction cost, availability and collateral using CSI and it was found that cooperators
prefer CS compared to NHF as a source of housing finance. Hence, cooperators’ level of
satisfaction on CS compared to NHF is higher. Based on the findings of the study, it was
concluded that the role CS is playing in funding housing finance to workers in Zaria
metropolis is substantially adequate. The study therefore recommends that Government
should recognize the role of, CS when formulating National Housing Policy for a combine
effect also CS should find other sources of generating funds for members other than relying
on members monthly savings and sales of form
Description
BEING A DISSERTATION SUBMITTED TO THE SCHOOL OF POSTGRADUATE STUDIES AHMADU BELLO UNIVERSITY, ZARIA, IN PARTIAL FULFILLMENT OF THE REQUIREMENTS FOR THE AWARD OF MASTER OF SCIENCE (M.Sc.) DEGREE IN BUSINESS ADMINISTRATION DEPARTMENT OF BUSINESS ADMINISTRATION AHMADU BELLO UNIVERSITY ZARIA - NIGERIA
Keywords
EVALUATION,, CONTRIBUTIONS,, COOPERATIVE SOCIETIES,, HOUSING FINANCE,, WORKERS,, TERTIARY INSTITUTIONS,, ZARIA METROPOLIS,