Impact of Cooperative Membership on Rural Income Generation in Southwest, Nigeria

Afolabi, Sofoluwe Nurudeen; Ganiyu, Yinusa Olumuyiwa

doi:10.5209/reve.75563

Cited by 4 publications

(5 citation statements)

References 29 publications

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“…Owners of land are simply able to join production groups and diversify their crops, increasing their income. This empirical finding is in accordance with previous studies conducted by Abbas (2016), Anania and Rwekaza (2018), and Afolabi and Ganiyu (2021). These authors also stated that the area of land owned and the ability to access cooperative groups positively influence the income and expenditure of households.…”

Section: Variable Description Measurementsupporting

confidence: 92%

“…This is because of the fact that male participants are attracted to working in an enterprise that can have an immediate effect and decide not to join cooperatives that delay fulfilling the immediate change. This result is consistent with Afolabi and Ganiyu (2021) found more female (72%) than male (27.8%) in rural cooperatives of Nigeria. Rural urban migration of male youths to cities could be one of the reasons for gender composition in Nigerian cooperatives.…”

Section: Variable Description Measurementsupporting

confidence: 91%

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Measuring the impacts of cooperative membership on household income: A case study of Zanzibar

Ali,

Qianqian,

Wenguang

2024

South African Journal of Economic and management Sciences

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Background: It is commonly acknowledged that cooperatives play important social functions that raise the standard of living for their members, particularly those who originate from rural, and low-income backgrounds.Aim: This article aims to measure the impacts of cooperatives membership on household income taking Zanzibar as a case study.Setting: The data used were directly collected from 217 cooperative members and 83 noncooperative members.Method: Descriptive statistics were used to analyse the demographic characteristics of the respondents. The probit model and propensity score matching (PSM) was used to analyse the impacts of cooperative membership on household income. Results:The probit model findings show that there are four statistically significant factors affecting cooperatives membership, including gender, educational level, land ownership, and access to credit. In addition, PSM findings reveal that there is a disparity in income level between cooperative members and non-members. On average, cooperative members are able to generate more income than non-cooperative members by 28% per year. Conclusion:The study concludes that, in order to expand the observed benefits to the population, cooperative growth needs proper backing. Because poverty has many different dimensions, it's crucial to expand the organisations that help the poor while also utilising other support services to reduce it. Contribution:The article serves as first empirical evidence to be conducted in Zanzibar, Tanzania. The findings will facilitate the amendment of the cooperative context, including tax reduction, extending loans and grants, and other favourable working conditions necessary for supporting the development of cooperative society.

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Section: Variable Description Measurementsupporting

confidence: 92%

Section: Variable Description Measurementsupporting

confidence: 91%

Measuring the impacts of cooperative membership on household income: A case study of Zanzibar

Ali,

Qianqian,

Wenguang

2024

South African Journal of Economic and management Sciences

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“…Therefore, capital fertilization from members should be increased compared to capital sourced from outside the cooperative. Member participation can affect the distribution of profits and income generation obtained by members (Afolabi &;Ganiyu, 2021;Woldeyes, 2023). In addition, being a cooperative member has social capital that can be used to obtain loans from other parties compared to non-members (Yu et al, 2023).…”

Section: Resultsmentioning

confidence: 99%

“…With a large number of cooperatives, of course, the welfare of cooperatives increases. Cooperatives are one of the instruments to reduce poverty (Afolabi &;Ganiyu, 2021;Guyalo &;Ifa, 2023;Zhang et al, 2021). Cooperatives are also one of the supporting tools for the national economy (Wahyuningtyas et al, 2023) The characteristics of a cooperative organization are member-based entities.…”

Section: Introductionmentioning

confidence: 99%

Increase in Profit Based on Internal Capital and Business Volume in Cooperatives in Indonesia

Azhari

2024

Almana

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The cooperatives in Indonesia have hundreds of thousands, but not all are active due to several factors, including member participation, revenue, assets, and external capital. The purpose of this study is to provide the dominant factors that affect the operating profit of cooperatives. This research is quantitative causality, with data from 2001-2021 and multiple regression as an analysis tool. The data source was obtained from the Ministry of Cooperatives and SMEs. The analysis results show that the variables of own capital and sales volume simultaneously affect the remaining operating results, while partially owned capital does not affect cooperative profits. This research can evaluate increasing cooperative profits through policies that can be applied to cooperatives.

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“…According to Sofoluwe and Yinusa [5] rural cooperatives in the Nigerian settings is grouped into agricultural and non-agricultural cooperatives. While the existence of agricultural cooperatives is in various forms such as farmers' multi-purpose cooperatives, producers' cooperatives, marketing and processing cooperatives and agricultural credit, the nonagricultural form of cooperative groups include thrift and credit cooperatives, investment and credit cooperatives, consumers' cooperatives, artisans and handicraft cooperatives.…”

Section: Introductionmentioning

confidence: 99%

Challenges and Opportunities of Agricultural Cooperative Societies on Economic Sustainability of Rural Dwellers in Ekiti State, Nigeria

Ezekiel

2023

AJAEES

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The study ascertained the influence of agricultural cooperative society on economic sustainability of rural dwellers in Ekiti State, Nigeria while the specific objectives are examining socio-economic factors affecting participation of rural dwellers in agricultural cooperative society and determine the challenges of agricultural cooperatives towards the achievement economic sustainability of rural dwellers in Ekiti state, Nigeria. The population of the study comprise of 331 selected agricultural cooperative societies in four selected local governments in Ekiti State namely Ado Ekiti, Ikole Ekiti, Irepodun/Ifelodun and Oye Ekiti Local Government Area while the sample was 175 derived from Taro model using random sampling techniques. Data for the research was analysed using descriptive and inferential statistics. Descriptive statistics employed are specifically percentages and frequency tables and the inferential statistics used was multiple regression analysis. The result showed that socio-economic factors: funds for production (0.000), loan (0.000), infrastructures/storages (0.015) and challenges of agricultural cooperatives: subsidize (0.002), loans repayment (0.000). There is significant effect of agricultural cooperative society on economic sustainability of rural dwellers in Ekiti State, Nigeria. The study concluded that cooperative members lack sufficient funds for production due to the enormous sums of money involved, loans from government and private institutions as a result of the nation's current economic crisis, lack of opportunities for rural residents to sell their farm products.

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Impact of Cooperative Membership on Rural Income Generation in Southwest, Nigeria

Cited by 4 publications

References 29 publications

Measuring the impacts of cooperative membership on household income: A case study of Zanzibar

Measuring the impacts of cooperative membership on household income: A case study of Zanzibar

Increase in Profit Based on Internal Capital and Business Volume in Cooperatives in Indonesia

Challenges and Opportunities of Agricultural Cooperative Societies on Economic Sustainability of Rural Dwellers in Ekiti State, Nigeria

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