DETERMINANTS OF SUSTAINABLE PERFORMANCE OF COOPERATIVE SOCIETIES IN LAGOS STATE, NIGERIA

Abstract

Despite the strategic role of cooperatives in facilitating financial inclusion and socio-economic development in Lagos State, their sustainability remains a major concern. This study investigates the factors that influence sustainable performance among cooperative societies in Lagos State, Nigeria. Employing a quantitative design, data were collected via structured questionnaires from registered cooperatives and analysed using multiple regression. Findings indicate that governance structure, trust among members, membership participation, regulatory framework, and market access significantly enhance sustainable performance. Training and development show a marginally positive effect, while financial management has a significant negative impact, suggesting implementation gaps. Inflation is negative but insignificant, suggesting that robust internal and institutional structures can mitigate macroeconomic pressures. The study concludes that sustainable performance depends on strong governance, trust, stakeholder participation, and enabling institutions. Policymakers such as Lagos State Ministry of Cooperatives and cooperative leaders should focus on capacity-building, governance reforms, and effective financial management to ensure resilience and long-term success