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• W48365894 abstract "Forest ecosystems play multiple roles at global as well as local levels and provide a range of important economic, social and environmental goods and services that have impact on the well-being of the people. The objective of this paper is to assess thedeclining contribution of forestry to the Gross Domestic Product (GDP) of Nigeria and to proffer possible solution to the problem. Secondary data for the research were collected from the Central Bank of Nigeria from the period 1980-2004. Multiple regression analysis (exponential or transformed semi log) was used to determine the input factors that critically influence the Gross Domestic product in the agricultural sector of the country. The equation and figures revealed a high performance of the model in term of the high value of' R2. The high value of R2 implies that 98.7% percent variability in gross income generated from Agriculture is explained by combined effect of the independent variables (Crop production, Fishing, Forestry and Livestock). The level of significance of the explanatory variables is high. F-value is significant at both 1 percent and 5 percent. Individually, their contributions are not significant (P>0.05), but pulled together, it showed significant difference at P<0.01. The result showed that the contribution of forestry sub-sector has been declining as GDP increases. Forestry has been a unique business in Nigeria even before independence. In 1958, forestry contribution to the GDP of the country was 6.1 %; in 1960, it was 5.3%. Surprisingly, the percentage contribution in 2003 is 0.6%. The declining export role of forest produce in the national economy is partly due to the over-exploitation of the high quality timbers in the previous decades and partly to the inability of the forest departments and the timber trade to develop the secondary species which now constitute the main timber contents of the forest estate. It is recommended that the new hectarages of planted trees need not be in large expanse of lands, rather, the new forest lands might have to be in patches located in water shed areas, school compound, road sides, government institutions, community lands, and private properties." @default.
• W48365894 created "2016-06-24" @default.
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• W48365894 date "2013-01-01" @default.
• W48365894 modified "2023-09-23" @default.
• W48365894 title "The Declining Contribution of Forestry to the Gross Domestic Product of Nigeria: Causes and Cure" @default.
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