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SUSTAINABILITY OF AGRICULTURAL COOPERATIVE SOCIETIES IN NIGERIA: THE CASE OF SOUTH-SOUTH ZONE, NIGERIA
Abstract: The study looked at the sustainability of agricultural cooperative societies in the south-south geopolitical zone of Nigeria. Out of six states of the zone, Cross River, Rivers and Edo were randomly selected for the study. The study identified the socio-economic characteristics of cooperative societies, analyzed loan advanced to cooperative members, focus on the scope for sustainability of cooperative societies, women empowerment and analyzed the loan utilization by the cooperative members. Secondary data was sourced from the Nigerian Agricultural Cooperative and Rural Development Bank (NACRDB), Calabar Branch. The information was analyzed using descriptive statistics. The result showed that out of the total loan advances made, more than 50% went for consumption purposes. Rough estimate shows that about 50% of the cooperative members fall below poverty line which shows that the cooperative groups of the zone comprised mostly of the economically poor.
Keywords: Agricultural Cooperatives, Sustainability, Capital