INFLUENCE OF COOPERATIVE SOCIETIES ON THE SOCIO-ECONOMIC STATUS OF ARTISANS IN LAGOS STATE

Abstract

Cooperative society consists of a group of people who have a set of similar interests. It is a non-profit corporation whose goal is to raise the socio-economic standing of its members. The study posited three research questions and hypotheses to guide the research.  This study adopted a descriptive research design. The population of the study comprised 150 artisans in Lagos State. The researcher questionnaire entitled: “The Influence of Cooperative Societies on The Socio-economic Status of Artisans in Lagos State” was used for data collection. The data collected were analyzed using Regression Analysis and Analysis of Variance (ANOVA) statistical tools were used to analyze the Hypotheses at a 0.05 level of significance. The result of the analysis shows that there was a significant influence of cooperative societies on the socio-economic status. Hence, it was recommended that cooperative societies should not rest on the positive effects recorded in promoting the socio-economic status of artisans rather they should strengthen it more in such a way that will have an effect on the Lagos State economy especially GDP. The study recommended among others that cooperative societies should integrate more practicable activities that will yield more positive effects of their operations in the promotion of their members' socio-economic status.