Welfare Funding and Cooperative Society in Nigeria: A Study of Crawford Cooperative Society
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Date
2021-06
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Crawford Journal of Politics
Abstract
Cooperative societies are social and voluntary organizations that accept and lend out funds to their cooperators at a minimal rate of interest with guarantors and not collaterals. This study examined Welfare Funding and Cooperative Societies in Nigeria with a study of Crawford Cooperative Society. The study used a sample size of 100 members from a population of 275 members. The study adopted the ordinary least square (OLS) regression as the statistical method to test the cooperative funding on individual's welfare in Crawford Cooperative. The study adopted OLS to measure the relationship between dependent and independent variables coupled with the Statistical Package for Social Sciences (SPSS) for the analysis of data. It was found out that there is a significant relationship between the cooperative funding and individuals' welfare in Crawford Cooperative and it was recommended that efforts should be made to maintain the interest on loan by the cooperative members so as not to affect their ability to pay back.
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Citation
AdU, C.A. (2021). Welfare Funding and Cooperative Society in Nigeria: A Study of Crawford Cooperative Society. Crawford Journal of Politics. 2(1); 115-126.