Cooperative for Sustainable Peace-Building and Survival Strategy of Post COVID-19 in Nigeria

Abstract

This study underscored the avalanche opportunity of range of cooperative principles intrinsic in sustainable peace-building and survival strategy of post covid-19 in Nigeria, which has not been the focus of any study. Data for the study were collected through simple random sampling technique in which 216 cooperatives were randomly selected and questionnaire were filled and returned. Using mean rating of 5-piont Likert scale analysis and a theoretical mean value of 3.0 was taken as a criterion to judge. The One-sample t-test result revealed that avalanche opportunity of rage of cooperative principles assist cooperatives on effective peace-building and survival strategy of post covid-19 in Nigeria. This revealed that cooperative governance is more open and democratic, keeping the capital in the local community, member motivations is a key driver of future participations, there is focusing of fairness for those who are most disadvantaged, desire for reward and self-advancement and equitable distribution of dividends based on patronage. The study recommends that cooperatives required pursuing both economic and social objectives for peace-building and survival strategy of post covid-19 in Nigeria. Cooperatives should provide a pool of funds from which disadvantaged members take loans and ensuring that members receive the lowest prices. Also, cooperative should generate returns that could be shared as dividends based on patronage to members periodically.