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Cooperative Financing and Members’ Livelihood Improvement in Oyi Local Government Area of Anambra State, Nigeria.

Okafor Ogochukwu Esther
Department of Cooperative Economics and Management, Nnamdi Azikwe University, Awka
Igbozulike Blessing Onyinye
Department of Cooperative Economics and Management, Nnamdi Azikwe University, Awka
Ifesinachi Uju Monica
Department of Cooperative Economics and Management, Nnamdi Azikwe University, Awka
DOI Crossref DOI 10.37547/tajiir/Volume08Issue08-10
tajiir 2026
VOL. 8 / NO. 10 OCTOBER
FULL TEXT PP. 74-89
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VOLUME 8
ISSUE 10
YEAR 2026
PAGES 74-89
RESEARCH OVERVIEW

Abstract

This study examined cooperative financing and members’ livelihood improvement in Oyi Local Government Area Anambra State. The researcher’s objectives are to examined the effect of cooperative on the member’s income, determine the extent cooperative have affected the farm business of their members and examined the effect of cooperative on member’s small businesses in Oyi Local Government Area Anambra State. Three research questions and three hypotheses were formulated in line with the objectives of the study. The study was anchored on the Sustainable Livelihoods Theory. The study employed the survey research design, the instrument for data collection was questionnaire constructed for the study and calibrated with the 5-point Likert ordinal measurement and rating scale. The population of the study was 13 cooperative societies with 465 membership strength in Oyi Local Government Area, Anambra State. The sample size used was 215 cooperative members using Taro Yamane formular. Research hypotheses were tested using chi-square. The finding revealed that x2 calculated (9862.29) is greater than x2 tab (15.507), therefore it showed that there is significant effect of cooperative financing on the income of members in Oyi Local Government Area Anambra State. For the second hypothesis x2 calculated (1360.33) meaning that there is a significant effect of cooperative financing on the farm business of members in in Oyi Local Government Area Anambra State and for the third hypothesis, x2 calculated (6325.65) the researcher accepted the alternative hypothesis that there is significant effect of cooperative financing on members’ small businesses in Oyi Local Government Area Anambra State.  In view of the findings, the study recommends that government should provide financial support and training for cooperative members, and cooperatives should adopt effective management practices and diversify income streams and members should prioritize savings and investment for sustainable livelihoods.

RESEARCH TOPICS

Keywords

Livelihood improvement Cooperative financing Members income Anambra state and Cooperatives

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