International Journal of Small and Medium Enterprises and Business Sustainability
Vol. 9 No. 3 (2024): November

Effects of Cooperative on The Performance of Small Scale Enterprises in Ikorodu Zone, Lagos State, Nigeria

Oluwakayode Peter Oluwasanya (Olabisi Onabanjo University, Ago-Iwoye)
OLUWAKAYODE PETER OLUWASANYA (Olabisi Onabanjo University, Ago-Iwoye, Ogun State, Nigeria)
Tawakalitu Abimbola Obasan (Olabisi Onabanjo University, Ago-Iwoye, Ogun State, Nigeria)
KAZEEM ADESINA SHITTU (Nnamdi Azikiwe University, Awka, Anambra State, Nigeria)
ADEBISI FATIMOH AWOLUMATE (Olabisi Onabanjo University, Ago-Iwoye, Ogun State, Nigeria)



Article Info

Publish Date
30 Apr 2025

Abstract

Influence of cooperative on small scale enterprises performance is very crucial in facilitating credit access, promotion and development. It also aided small businesses in effectively utilizing the resources that were available. The study looked into small businesses' performance and cooperation in Lagos State, Nigeria's Ikorodu Zone. The design of the survey was descriptive. We gathered both primary and secondary data. A multi-stage sampling technique was used to schedule interviews and administer a well-structured questionnaire to 130 cooperative small-scale entrepreneurs. Descriptive and inferential statistical tools, including the mean, standard deviation, and Logit regression model, were used to analyze the collected data. The results demonstrated that operational difficulties can arise from noncompliance with legal and regulatory requirements supporting cooperative principles, and that poor management practices can impair the overall performance of cooperative entrepreneurs. Effective knowledge and skill transfer among small business owners is facilitated by cooperative engagement. For cooperative leaders, regular training as well as efficient governance and management techniques were advised.   Keywords: Cooperative Societies, Performance, Small Scale Business, Credit Access, Ikorodu Zone

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Journal Info

Abbrev

ijsmebs

Publisher

Subject

Economics, Econometrics & Finance

Description

Welcome to the International Journal of Small and Medium Enterprises and Business Sustainability published by the Publishing Lembaga Penerbit Fakultas Ekonomi dan Bisnis (LPFEB) Universitas Trisakti. As its primary objective, this double-blind review and online scientific journal is dedicated to ...