An Analysis of the Contributions of Cooperative Societies to Housing Delivery in Edo State (2013 – 2022)

Abstract

Cooperative societies engage in many activities, one of which is the provision of housing loans for members. This has helped in making the policy of housing for all in Nigeria achievable by the government and low- income earners are having access to house of their own. This study analyses the Contributions of Cooperative Societies to Housing Delivery in Edo State. The main objective was to highlight the contributions of cooperative societies to housing delivery in the state. The study adopted survey design and 433 respondents were used in the study and two instruments - questionnaire and in-depth interview were employed to collect the required information. Data collected were analysed using descriptive and inferential statistical tools. Findings from study show that Cooperative Societies under study have significantly contributed to housing delivery by helping members to procure building materials, getting housing loans from cooperative societies, land allocation to cooperators, getting fund for large scale business by which they raise money for building construction and supply of furniture and fittings. The study recommended that in order for cooperative societies to encourage housing provision, government should direct deposit money banks to grant cooperative societies zero interest rate loan purposely for housing projects as this will engender mass housing delivery in the state.