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This study examined and analyzed the contribution of forestry sector on the Nigerian economy and the factors affecting the contribution of forestry Sector on the Economy in Nigeria. Data was sourced from National Bureau of Statistics and the Central Bank of Nigeria for the period of 1970–2015. The data collected was analyzed using unit root test and multiple regression analysis. The study found that population, crop production, oil sector, and forestry sector have significant positive impact on economy while inflation has significant adverse effect on the economy. The study further found that rural and urban population, permanent cropland and net forest depletion are the main factors affecting sustainable forestry contribution significantly and negatively. Therefore, the main factors affecting forestry sector contribution to the national economy were rapid human population growth in both rural and urban areas, arable land, permanent cropland, and net forest depletion. It was based on these that we recommended that the present practice of accepting forestry as public venture is not ideal. The private firms and industries that derived their raw materials from the forest should be made to pay back some of their considerable profits to forest regeneration programs.

Analysis of the Factors Affecting the Contribution of Forest and Forestry Sector on the Economy of Nigeria