Effects of Coronavirus on the Performance of Cooperative Businesses in Anambra State

Obianuju Emmanuela Agbasi and Joy Ifunanya Udeogu
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Obianuju Emmanuela Agbasi: Department of Cooperative Economics and Management, Nnamdi Azikiwe University, Awka, Anambra State, Nigeria.
Joy Ifunanya Udeogu: Department of Cooperative Economics and Management, Nnamdi Azikiwe University, Awka, Anambra State, Nigeria.

International Journal of Research and Scientific Innovation, 2024, vol. 11, issue 7, 886-895

Abstract: This study investigated effects of coronavirus on the performance of cooperative businesses in Anambra State. The specific objectives were to investigate the effect of coronavirus on income and meetings of the cooperative business. The research design adopted for this work was the descriptive survey research design. The population of the study comprised all registered multi-purpose cooperatives in different local government areas in Anambra Central, Anambra North and Anambra South Senatorial Zones which membership strength is 2,480. The sample for the study is 249 cooperative members. Stratified sampling technique was used to divide the sample into subgroups. Pre COVID 19 and post COVID 19 structured questionnaires were used in data collection. Descriptive statistics were used to analyze the demographic data while regression analysis determines how effects of coronavirus were influencing the performance of cooperative businesses. The analysis of data was done using a combination of descriptive statistics and inferential statistics. The result indicated that the average mean rating of the Pre-COVID-19 (1.96) is lesser than the mean score of the Post-COVID-19(3.32) this signifies that COVID-19 pandemic has more effect during the Post-COVID-19 than the Pre-COVID era. The study recommended that cooperatives should work more on getting more members so that their income generation will increase leading to increment in their statutory reserve. Cooperatives should teach their members on how to use modern technology such as zoom meeting among others so as to adapt to any unforeseen emergencies in the future.

Date: 2024
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