Cooperative Society’s Fund Creation and Economic Strength Promotion among Teachers in Ibadan, Oyo State, Nigeria

  • Olusola Bolarinwa Adeniyi University of Ibadan
  • Prof Tolulope Wale YOLOYE University of Ibadan
Keywords: Cooperative Society, Fund creation, Teachers, Economic strength, Economic Strength Promotion


This paper examines various means of funding cooperative societies owned by teachers to promote members economic strength. This is a self-financing body with no grant or support from the government or agencies. This paper sought to identify various means used in generating funds by cooperative societies and how this has helped promote members' economic strength. One hundred and forty-five (145) members of eight (8) societies participated in the study. The instruments used in collecting data were; Fund Creation Checklist (FCC) and Members Economic Strength Questionnaire (MESQ). Data were analysed using Descriptive Statistics and Pearson Product Moment Correlation (PPMC). Result revealed an insignificant negative relationship between fund creation and members economic strength promotion with (r= -0.085, > .05). Thus, it shows that it is not certain that the fund generated by the cooperative society solely accounted for the promotion of members’ economic strength. It was concluded that cooperative societies and members should engage in viable businesses that will yield high profits, and proper fund management should be of priority for society and members.


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Author Biographies

Olusola Bolarinwa Adeniyi, University of Ibadan

Olusola B. ADENIYI is a Ph.D. student at the Institute of Education, University of Ibadan. His current research interest is on assessment and evaluation in education, economics, finance, and programmes.

Prof Tolulope Wale YOLOYE, University of Ibadan

Tolulope W. YOLOYE is a Professor of Guidance and Counselling and Science Education at the Institute of Education, University of Ibadan.


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How to Cite
Adeniyi, O., & Yoloye, T. W. (2021). Cooperative Society’s Fund Creation and Economic Strength Promotion among Teachers in Ibadan, Oyo State, Nigeria. Interdisciplinary Journal of Rural and Community Studies , 3(2), 23-29.