Resilient Home Financing: Cooperative Societies and Home Ownership among Staff of the University of Ibadan

Abstract

Many workers in Nigeria struggle with inadequate housing due to ineffective 
housing policies. To address this issue, they often turn to cooperative societies 
(CS) as a means of home financing. This study evaluates the impact of CS on 
home ownership among staff at the University of Ibadan, utilizing a sequential 
mixed-methods approach. Via purposive and random sampling techniques that 
achieved a 95% response rate, data was collected from six CS, involving 154 
members. Quantitative data were analysed using descriptive statistics (Chi
square), while qualitative insights were gathered from focus group discussions 
with CS leaders. The findings of this research highlight the resourcefulness and 
adaptability of university staff in the face of housing insecurity. Thus, CS are 
shown as a resilient medium through which workers source housing finance 
despite systemic exclusion.