Cooperative Society’s Fund Creation and Economic Strength Promotion among Teachers in Ibadan, Oyo State, Nigeria
This paper examines various means of funding cooperative societies owned by teachers to promote members' economic strength. This is a self-financing body with no grant or support from the government or agencies. This paper sought to identify various means used in generating funds by cooperative...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
ERRCD Forum
2021-08-01
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| Series: | Interdisciplinary Journal of Rural and Community Studies |
| Subjects: | |
| Online Access: | https://pubs.ufs.ac.za/index.php/ijrcs/article/view/588 |
| _version_ | 1797756020696547328 |
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| author | Olusola Bolarinwa Adeniyi Tolulope Wale YOLOYE |
| author_facet | Olusola Bolarinwa Adeniyi Tolulope Wale YOLOYE |
| author_sort | Olusola Bolarinwa Adeniyi |
| collection | DOAJ |
| description | This paper examines various means of funding cooperative societies owned by teachers to promote members' economic strength. This is a self-financing body with no grant or support from the government or agencies. This paper sought to identify various means used in generating funds by cooperative societies and how this has helped promote members' economic strength. One hundred and forty-five (145) members of eight (8) societies participated in the study. The instruments used in collecting data were; Fund Creation Checklist (FCC) and Members Economic Strength Questionnaire (MESQ). Data were analysed using Descriptive Statistics and Pearson Product Moment Correlation (PPMC). Result revealed an insignificant negative relationship between fund creation and members economic strength promotion with (r= -0.085, > .05). Thus, it shows that it is not certain that the fund generated by the cooperative society solely accounted for the promotion of members’ economic strength. It was concluded that cooperative societies and members should engage in viable businesses that will yield high profits, and proper fund management should be of priority for society and members. |
| first_indexed | 2024-03-12T17:54:35Z |
| format | Article |
| id | doaj.art-7269607e67004c3392d9da6b4e5acfd0 |
| institution | Directory Open Access Journal |
| issn | 2710-2572 |
| language | English |
| last_indexed | 2024-03-12T17:54:35Z |
| publishDate | 2021-08-01 |
| publisher | ERRCD Forum |
| record_format | Article |
| series | Interdisciplinary Journal of Rural and Community Studies |
| spelling | doaj.art-7269607e67004c3392d9da6b4e5acfd02023-08-02T18:03:13ZengERRCD ForumInterdisciplinary Journal of Rural and Community Studies2710-25722021-08-0132232910.51986/ijrcs-2021.vol3.02.03551Cooperative Society’s Fund Creation and Economic Strength Promotion among Teachers in Ibadan, Oyo State, NigeriaOlusola Bolarinwa Adeniyi0Tolulope Wale YOLOYE1University of IbadanUniversity of IbadanThis paper examines various means of funding cooperative societies owned by teachers to promote members' economic strength. This is a self-financing body with no grant or support from the government or agencies. This paper sought to identify various means used in generating funds by cooperative societies and how this has helped promote members' economic strength. One hundred and forty-five (145) members of eight (8) societies participated in the study. The instruments used in collecting data were; Fund Creation Checklist (FCC) and Members Economic Strength Questionnaire (MESQ). Data were analysed using Descriptive Statistics and Pearson Product Moment Correlation (PPMC). Result revealed an insignificant negative relationship between fund creation and members economic strength promotion with (r= -0.085, > .05). Thus, it shows that it is not certain that the fund generated by the cooperative society solely accounted for the promotion of members’ economic strength. It was concluded that cooperative societies and members should engage in viable businesses that will yield high profits, and proper fund management should be of priority for society and members.https://pubs.ufs.ac.za/index.php/ijrcs/article/view/588cooperative societyfund creationteacherseconomic strengtheconomic strength promotion |
| spellingShingle | Olusola Bolarinwa Adeniyi Tolulope Wale YOLOYE Cooperative Society’s Fund Creation and Economic Strength Promotion among Teachers in Ibadan, Oyo State, Nigeria Interdisciplinary Journal of Rural and Community Studies cooperative society fund creation teachers economic strength economic strength promotion |
| title | Cooperative Society’s Fund Creation and Economic Strength Promotion among Teachers in Ibadan, Oyo State, Nigeria |
| title_full | Cooperative Society’s Fund Creation and Economic Strength Promotion among Teachers in Ibadan, Oyo State, Nigeria |
| title_fullStr | Cooperative Society’s Fund Creation and Economic Strength Promotion among Teachers in Ibadan, Oyo State, Nigeria |
| title_full_unstemmed | Cooperative Society’s Fund Creation and Economic Strength Promotion among Teachers in Ibadan, Oyo State, Nigeria |
| title_short | Cooperative Society’s Fund Creation and Economic Strength Promotion among Teachers in Ibadan, Oyo State, Nigeria |
| title_sort | cooperative society s fund creation and economic strength promotion among teachers in ibadan oyo state nigeria |
| topic | cooperative society fund creation teachers economic strength economic strength promotion |
| url | https://pubs.ufs.ac.za/index.php/ijrcs/article/view/588 |
| work_keys_str_mv | AT olusolabolarinwaadeniyi cooperativesocietysfundcreationandeconomicstrengthpromotionamongteachersinibadanoyostatenigeria AT tolulopewaleyoloye cooperativesocietysfundcreationandeconomicstrengthpromotionamongteachersinibadanoyostatenigeria |