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Timber/Forestry

Forestrytimber1 deposit(s)

Nigeria forest cover declined from 18% (1990) to ~7% (2024). Major timber species: mahogany, iroko, obeche, teak plantations. Forestry contributes ~1.5% to GDP. Deforestation rate ~3.7% annually - one of highest globally.

Nigerian Forest Reserves

Cross River, Edo, Ondo, Ogun, Oyo, Taraba, Benue, Plateau

producingExport Ready
Security:2/5Regulatory:3/5Environmental:5/5
Indicated6.50M hectare(in-place)

📊Data Quality

Quality Tier:indicated
Confidence:60%
As of:2024-12-31

Warnings

ℹ️No valuation scenarios defined for this estimate.

Sources

  • Global Forest Resources Assessment 2020
    Food and Agriculture Organization, 2020
  • Forest Landscape Integrity Index - Nigeria
    Science/Nature, 2023

No valuation scenarios defined for this estimate.

Notes: Forest area: ~6.5M hectares (7% of land, down from 18% in 1990). Annual deforestation: ~400,000 hectares. FAO Global Forest Assessment.