Effect of Co-operative Societies on the Economic Growth in the Federal Capital Territory (FCT), Abuja

• Post by: ejem
• August 7, 2022
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This study examined the activities of cooperative societies on economic growth in the country, using the Federal Capital Territory (FCT), Abuja. The objectives of the study are to determine the effect of cooperative activities on economic development in the FCT. The population for the study comprises all the members of three (3) co-operative societies sampled in Abuja Municipal Area Council (AMAC) namely: National Broadcasting Commission Multipurpose Cooperative Society, National Boundary Commission Multipurpose Society, and Police Service Co-operative Society to represent the research population. The instrument used for the collection of data was the survey method through a substantially open-ended questionnaire developed by the researcher. The data was analyzed and presented in a percentage table. The results of the study revealed that the activities of cooperative societies have a significant effect on economic development in the FCT and that the activities of cooperative societies have a significant effect on the Political Development of the FCT as well. It was therefore recommended among other things that; government should provide cooperative societies with an adequate avenue to partake in the governmental activities in the FCT and that cooperatives should make it a point of duty to educate the general public more on their activities and how it can be of importance to the national development as this will enable them to gain more support from the government and the general public.

Keywords: Cooperative Societies, Economic Growth, National Development

Authorship: Prof. Eze, F. O., Okechukwu, E. U. PhD and Achara, O. M. | FULL PDF