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Nigeria's forests, which currently extend over 9.6 million hectares, have been rapidly declining over the past decades. The current deforestation rate, estimated at 3.7%, is one of the highest in the world. The REDD+ Strategy for Nigeria intends to enhance the value of standing forests and to incentivize sustainable forest management through a multi-stakeholder approach and a green development perspective.

The purpose of this study is to analyse the economic value of Nigeria’s forest resources, where possible, placing added focus on resources found in the CRS, and demonstrate some policy instruments that would alleviate pressure on these natural forest systems.