Nkiru Anna Okonkwo, Chukwunonso Ugochukwu Ikenna


Cooperative societies are associations or organizations formed in order to promote the economic interest of all their members. The main aim is to achieve what they as individuals cannot achieve if left alone. The features of cooperatives are; democratic member control, separate legal entity, limited liability, etc. the types of cooperative societies in Nigeria includes but are not limited to thrift and credit societies, producers cooperatives, consumers cooperative, housing societies and agricultural societies. According to the UNDP, development is nothing other than the process of improving the quality of life of people. Quality of life for them would be improved by expanding their choices. The choices are the essential qualities that people need to have a better life. it outlined the three most important choices which are, a) to lead a long and healthy life, b) to acquire knowledge and c) to have access to resources needed for a decent standard of living. In addition to these choices, a range of other choices have also been mentioned. Those included are broader parameters such as political freedom, guaranteed human rights and self-respect. While, sustainable development has to do with a development that does not only take care of the present generation but ensures that the future generations are not left out of its gains. The roles of cooperative societies to sustainable development includes reducing inequalities through its principle of equality, contributing to the gross domestic product output of the country through increase in the production of goods and services, etc.


Cooperation, Cooperative societies, Roles, Sustainable development, Nigeria.

Full Text:



Adefaka,F.(2014).Cooperative Societies in Nigeria societies-in nigeria/#:~:text=Search...,CEDAR%20HOMES

Amucheze, J. (2016). Cooperative Finance in Developing Economies. Lagos, Dominion Press.

Ejumudo, K. (2015). Sustainable Development in Nigeria: The Policy Gap and Action Dilemma. Journal of Economics and Sustainable Development Vol.6, (23)

Geeks, 2023).

Igwe, I. (2010). The Fundamentals and Practice of Co-operative Enterprises .Onitsha: Onwubiko Printing &Packaging.

Jhingan, M. (2013).The Economics of Development and Planning. Delhi: Vrinda Publications.

Karpagam, M. (2014). Environmental Economics. New Delhi: Sterling Publications.

Nordhaus, W.D. (2013): “Climates Past and Climate Change Future,” in Michael Bruno and Boris Pleskovic (eds.) Proceedings of the World Bank Annual Conference on Development Economics. Washington: World Bank.

Obialo, M. (2022). Types of Cooperative Societies in Nigeria.,give, their%20members%20financial

Olaniyan, O, Oyeranti, O &Bankole, A.(2013).Sustainable Development in Nigeria. Ibadan: NES.

Onuoha, U. (2016).Introduction to the Study of Cooperatives in Nigeria. Enugu: Excel publishers.

Sherif (2023). History of Cooperative Society in Nigeria. cooperative-society-in nigeria/#:~:text=Skip%20to%20content,Back%20to%20Top%20%E2%86%91

Tietenberg, T. (2015). Environmental and Natural Resource Economics, London: Pearson Education Inc.

UNDP (2010). Human Development Report 2010: The Real Wealth of Nations – Pathways to Human Development. New York. Retrieved from:


  • There are currently no refbacks.

Copyright (c) 2023 Nkiru Anna Okonkwo, Chukwunonso Ugochukwu Ikenna










ISSN (PRINT):    2682 - 6135

ISSN (ONLINE): 2682 - 6127





Creative Commons License
This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.