Co-operative Society: A Potential Source of Unemployment Reduction in Delta State, Nigeria

The study was conducted to assess the impact of cooperative society in reducing unemployment in Delta State, Nigeria. The list of all registered Cooperative Societies was obtained from the Ministry of Commerce and Industry. Twenty eight cooperatives societies were randomly selected. The result showed that males constitute 56% of the population, while the remaining 44% were females. The study further revealed that 71% of the respondents had been in cooperative business for less than 11 years, 23% had been member of cooperative societies for the past 11 to 20 years and the remaining 6% had cooperative experience of above 20 years. The findings also showed that cooperative society was formed in the state with the objective of solving problems in order to meet the needs and aspiration of members through capital formation and mobilization. Therefore, the young and agile graduates in Delta state can take advantage and reap of the substantial benefits of cooperative society in job creation especially as the unemployment situation in Delta State and Nigeria is worsening.