Cooperative membership and socio-economic welfare of small-scale enterprises in Ogun state, Nigeria

This study examined cooperative membership and socio economic welfare of small scale enterprises in Ogun State, Nigeria. The study describes the socio-economic characteristics of the respondents, benefits enjoyed as a member of cooperative society, determinant of cooperative membership and effect of cooperative membership-on the socio economics welfare of small scale entrepreneurs. A total of one hundred and twenty sampled respondents were randomly selected. Descriptive and inferential statistics were used to analyze the data-collected. The results obtained show that there is even distribution of the respondents were female (50.0%) and male (50.0%) were accounted for in the study, the respondents were aged less than 40 years with an average age of 32.35 years. The analysis of Logit regression on the determinants of cooperative membership revealed that age of the respondents is a significant factor that determines cooperative membership. The result of the-regression analyses revealed that household size, years of cooperative membership and educational level of-the respondents had a positively significant impact on respondents’ income and they are significant at 5 per cent and 10 percent levels. It is therefore recommended that Government should support cooperative societies in improving household income as they benefit from cooperative social aiding activities.