Examining the Role of Co-Operatives in Increasing Citizens Participation in Micro-Pension Scheme: Focus on Informal Sector in Enugu State

This study investigates the role of cooperatives in enhancing citizen participation in the micro-pension scheme within the informal sector of Enugu State. Given the significant portion of informal sector workers lacking formal pension coverage, the research aims to evaluate how cooperatives can effectively bridge this gap. Employing a sample of 500 respondents, the study examines various factors influencing participation, including awareness, financial constraints, and trust in cooperatives. The findings reveal a low level of awareness and participation among respondents, coupled with barriers such as financial constraints and trust issues. Despite these challenges, there is a notable willingness among respondents to join cooperatives in the future, suggesting untapped potential for increased engagement. Recommendations include enhancing educational and outreach programs, increasing financial accessibility, building trust through transparency, and improving cooperative engagement. By addressing these factors, cooperatives can play a pivotal role in expanding micro-pension coverage and improving financial security for informal sector workers. This study underscores the need for targeted interventions to leverage the cooperative model effectively in promoting micro-pension schemes and achieving broader social protection goals.