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Cooperative: A Positive Growth Driver in a Pandemic Economy

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Cooperative: A Positive Growth Driver in a Pandemic Economy


Anigbogu, Theresa Ukamaka | Uzochukwu, Lebechukwu David | Akwaekwe, Christian Ikechukwu



Anigbogu, Theresa Ukamaka | Uzochukwu, Lebechukwu David | Akwaekwe, Christian Ikechukwu "Cooperative: A Positive Growth Driver in a Pandemic Economy" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-6 | Issue-4, June 2022, pp.1669-1673, URL: https://www.ijtsrd.com/papers/ijtsrd50361.pdf

The pandemic economy is an economy inflicted with deadly disease or plague such as the corona virus disease 2019 (COVID-19). The economy is characterized with setbacks in social and economic activities including deaths as a result of the deadly disease. This study therefore examined the COVID-19 Pandemic: its meaning, origin and the need to overcome the pandemic. The paper described how global, regional and national cooperation can help overcome the pandemic using cooperative as a platform. However, considering the economic, social and environmental challenges of the pandemic, this paper contends that the cooperative model of enterprise has in recent time proven to be more sustainable and reliable platform for social and economic transformation in the Nigerian economy in the pandemic era for some obvious reasons: The paper posited that the government and donor agencies have relied on cooperative in fighting hunger and poverty. The cooperative has also been relied upon for achieving national food security programme. Institutions both educational and other agencies are setting up one form of cooperative organization or the other for solving their social and economic needs. Research has also shown that many micro business owners rely on cooperative group membership for their business growth. Today, the cooperative ideals are spread across all sectors of the economy even without much publicity. Most importantly the pandemic made thousands if not millions of people informal members of cooperative organization in an effort to survive the vicious attack of the pandemic. The paper concludes that it is imperative that a clear-cut cooperative sector that will serve as a professional and institutional base for cooperative growth and development in Nigeria be established.

Cooperative, Growth Driver, COVID-19, Pandemic Economy


IJTSRD50361
Volume-6 | Issue-4, June 2022
1669-1673
IJTSRD | www.ijtsrd.com | E-ISSN 2456-6470
Copyright © 2019 by author(s) and International Journal of Trend in Scientific Research and Development Journal. This is an Open Access article distributed under the terms of the Creative Commons Attribution License (CC BY 4.0) (http://creativecommons.org/licenses/by/4.0)

International Journal of Trend in Scientific Research and Development - IJTSRD having online ISSN 2456-6470. IJTSRD is a leading Open Access, Peer-Reviewed International Journal which provides rapid publication of your research articles and aims to promote the theory and practice along with knowledge sharing between researchers, developers, engineers, students, and practitioners working in and around the world in many areas like Sciences, Technology, Innovation, Engineering, Agriculture, Management and many more and it is recommended by all Universities, review articles and short communications in all subjects. IJTSRD running an International Journal who are proving quality publication of peer reviewed and refereed international journals from diverse fields that emphasizes new research, development and their applications. IJTSRD provides an online access to exchange your research work, technical notes & surveying results among professionals throughout the world in e-journals. IJTSRD is a fastest growing and dynamic professional organization. The aim of this organization is to provide access not only to world class research resources, but through its professionals aim to bring in a significant transformation in the real of open access journals and online publishing.

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