Cooperative Societies and Economic Development of Members In Charity Co-Operative Society, Saki, Oyo State, Nigeria.

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Cooperative Societies and Economic Development of

Members In Charity Co-Operative Society, Saki, Oyo State, Nigeria.

ABSTRACT

This study examined the effort of cooperative societies at alleviating poverty among member of Saki Charity cooperative society in Saki metropolis, Oyo state, Nigeria. The major objectives of the study were to examine the relationship between cooperatives and socio-economic development of members. A descriptive survey design was used. A structured questionnaire was developed to collect information from the respondents based on the sample size of seventy one (71) out of the total population of one hundred and eight (108). Data collected were analysed using Multiple Regression and ANOVA. The findings of the analysis show a multiple regression coefficient of 0.855 which is found to be highly significant. The analysis of variance (ANOVA) for the regression analysis yields an F-value of 84.023 which is significant at 0.01. This shows that the cooperative society under study has contributed to the economic base of its members and has therefore helped in alleviating poverty in the area covered in the study. It is recommended among other things that people at the grassroots should be encouraged to join cooperative societies in their neighborhood so as to benefit from the services they provide. Keywords: Cooperatives, Poverty, Empowerment Metropolis, Strategy

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