Research Article

ASSESSING THE ROLE OF THE KADUNA STATE COOPERATIVE SOCIETIES LAW (2023) IN STRENGTHENING CIVIL SERVANTS' COOPERATIVES

Abubakar Tanko1*
1 Department of Business Administration, Kaduna State University Kaduna State, Nigeria
* Corresponding author: abutanko2007@gmail.com
Published: Jun, 2026
DOI: 10.67894/bbr.2026.j6ib8tob
Pages: 140-161
Views: 22
Downloads: 4

Abstract

This study assesses the role of the Kaduna State Cooperative Societies Law (2023) in strengthening civil servants' cooperative societies in Kaduna State by examining liquidity, continuity, and financial well-being as key indicators of cooperative strengthening. The study is motivated by persistent challenges, including weak liquidity management, poor loan repayment, inefficient loan disbursement, and declining sustainability among cooperative societies in Nigeria. The Kaduna State Cooperative Societies Law (2023) introduced a new legal framework for cooperative governance in Kaduna State. However, limited empirical evidence exists on how the law influences the liquidity, continuity, and financial well-being of civil servants' cooperative societies. This study addresses that gap. A survey research design was adopted, and data were collected using a structured questionnaire administered to members of registered civil servants' cooperative societies. of the 396 questionnaires distributed, 367 were completed and found usable for analysis. The data were analyzed using descriptive statistics, correlation analysis, and multiple regression. The findings indicate that cash reserves, loan repayment turnover rate, and loan disbursement have significant positive effects on financial well-being. Continuity emerged as the strongest predictor of financial well-being among the cooperative societies. The findings further indicate that the Kaduna State Cooperative Societies Law (2023) has a significant positive influence on governance, liquidity management, and institutional sustainability. The study concludes that effective liquidity management and institutional continuity are essential for strengthening civil servants' cooperative societies and improving their financial well-being

Keywords

Cooperative societies; Kaduna State Cooperative Societies Law (2023); liquidity; continuity; financial well-being

References

  1. Adebayo, T., & Yusuf, R. (2022). Liquidity management and financial performance of cooperative societies in Nigeria. Journal of Financial Studies and Development, 14(2), 45–62.
  2. Adewale, O., & Afolabi, M. (2023). Cooperative societies and financial inclusion in developing economies. African Journal of Economics and Management, 9(1), 77–94.
  3. Alaba, O., & Adetunji, K. (2020). Savings and credit cooperatives and financial inclusion in Sub-Saharan Africa. International Journal of Cooperative Studies, 6(3), 101–115.
  4. Amadi, S., & Eze, C. (2023). Financial governance and sustainability of cooperative societies in Nigeria. Journal of Public Administration and Governance, 11(2), 88–104.
  5. Aremu, A., & Salawu, R. (2021). Cooperative governance and institutional efficiency in developing economies. African Development Review, 33(4), 512–528.
  6. Bello, M. A. (2025). A comparative analysis of financial inclusion and financial literacy: Investigating their interrelationship in selected urban and rural areas of Kano State, Nigeria. Bayero University Journal of Finance, 2(1), 1–16. https://doi.org/10.5281/zenodo.17557622
  7. Birchall, J. (2021). The governance of cooperative organizations: Principles and sustainability. Cooperative Management Review.
  8. Consumer Financial Protection Bureau. (2020). Financial well-being in the modern economy. Washington, DC: Consumer Financial Protection Bureau.
  9. Creswell, J. W., & Creswell, J. D. (2021). Research design: Qualitative, quantitative, and mixed methods approaches (5th ed.). Thousand Oaks, CA: Sage Publications.
  10. Edeh, J., Okeke, P., & Nwafor, C. (2022). Cooperative participation and household financial welfare in Nigeria. International Journal of Economics and Finance, 14(5), 55–72.
  11. EFInA. (2023). Access to financial services in Nigeria: 2023 survey report. Lagos, Nigeria: Enhancing Financial Innovation and Access.
  12. Etikan, I., & Bala, K. (2020). Sampling techniques in social science research. Journal of Research Methodology, 8(2), 34–46.
  13. FAO. (2021). The state of food and agriculture 2021. Rome, Italy: Food and Agriculture Organization of the United Nations.
  14. Field, A. (2020). Discovering statistics using IBM SPSS statistics (5th ed.). London: Sage Publications.
  15. Fama, E. F. (1980). Banking in the theory of finance. Journal of Monetary Economics, 6(1), 39–57.
  16. Gujarati, D. N., & Porter, D. C. (2021). Basic econometrics (6th ed.). New York, NY: McGraw-Hill Education.
  17. Gurley, J. G., & Shaw, E. S. (1960). Money in a theory of finance. Washington, DC: Brookings Institution.
  18. Hair, J. F., Black, W. C., Babin, B. J., & Anderson, R. E. (2020). Multivariate data analysis (8th ed.). Andover, Hampshire: Cengage Learning.
  19. International Cooperative Alliance. (2022). Global cooperative monitor report 2022. Brussels, Belgium: International Cooperative Alliance.
  20. Kaduna State Government. (2023). Kaduna State Cooperative Societies Law, 2023. Kaduna, Nigeria: Kaduna State Government Gazette.
  21. Nwankwo, F., & Okeke, U. (2021). Loan repayment behaviour and cooperative sustainability in Nigeria. Journal of Finance and Development Studies, 10(3), 66–81.
  22. Ogunleye, K., Adeyemi, A., & Bello, S. (2020). Credit disbursement and economic empowerment in cooperative societies. Journal of African Economic Studies, 12(1), 39–57.
  23. Olaoye, O., Akinwale, T., & Ibrahim, H. (2024). Agricultural cooperatives and rural development in Nigeria. Journal of Rural Economics, 15(1), 88–105.
  24. Saunders, M., Lewis, P., & Thornhill, A. (2020). Research methods for business students (8th ed.). Harlow, England: Pearson Education.
  25. Usman, M. H., Kurfi, A. K., & Bello, M. A. (2026). Government support, financial inclusion and SMEs performance in Nigeria: A conceptual framework and literature review. FUDMA Journal of Accounting and Finance Research, 4(1), 421–430. https://doi.org/10.33003/fujafr-2026.v4i1.387.421-430
  26. World Bank. (2021). Financial inclusion and cooperative development in emerging economies. Washington, DC: World Bank
How to Cite

Tanko, A. (2026). ASSESSING THE ROLE OF THE KADUNA STATE COOPERATIVE SOCIETIES LAW (2023) IN STRENGTHENING CIVIL SERVANTS' COOPERATIVES. Bayero Business Review, 10(1), 140-161. https://doi.org/10.67894/bbr.2026.j6ib8tob

A. Tanko, "ASSESSING THE ROLE OF THE KADUNA STATE COOPERATIVE SOCIETIES LAW (2023) IN STRENGTHENING CIVIL SERVANTS' COOPERATIVES," Bayero Business Review, vol. 10, no. 1, pp. 140-161, June 2026. doi: 10.67894/bbr.2026.j6ib8tob

Share this article:
Facebook X / Twitter LinkedIn
Download PDF View Full Text (PDF) Back to Articles