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A STUDY ON CO-OPERATIVE SOCIETIES, POVERTY REDUCTION AND SUSTAINABLE DEVELOPMENT IN NIGERIA

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A STUDY ON CO-OPERATIVE SOCIETIES, POVERTY REDUCTION AND SUSTAINABLE DEVELOPMENT IN NIGERIA

 

 

Abstract:- The quest by successive governments in Nigeria and international organizations for accelerated economic growth and the need to enhance sustainable development in the country brought about the introduction of various programs and measures that served as veritable weapon for economic growth. This paper investigate ways cooperative societies act as an instrument for poverty reduction and sustainable national development anchored on income redistribution model. Relevant data and literatures were reviewed to elucidate the roles cooperative societies play in poverty reduction and sustainable national development. The paper argued that cooperative societies offer social protection, enhanced capital formation and employment generation among other benefits and recommends that, for proper effectiveness, cooperative societies should be adequately promoted, nurtured and practiced so as to deliver its potential of being a viable tool for sustainable economic growth.

Keywords:- Cooperative societies, poverty reduction, economic growth, sustainable national development, successive governments.