COOPERATIVE SOCIETIES AS AN INSTRUMENT FOR POVERTY ALLEVIATION AND ECONOMICS DEVELOPMENT IN NIGERIA
Abstract
The study examines cooperative societies as an instrument for poverty alleviation and economic development in Nigeria. The descriptive research design was adopted in the study. A well designed questionnaire was used to collect primary data, which was then analyzed using descriptive analysis and ordinary least square regression. The study’s findings revealed that cooperative societies and poverty alleviation in Nigeria have a positive relationship. The study also ascertained that cooperative societies have over time suffered several critical level of financial and economic challenges that has exerted negative influence on the sustainability of its finances. The government, through appropriate agencies should provide loans with favorable terms and conditions to cooperative societies and cooperative societies should boost their periodic donation collection in order to obtain sufficient funding.
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