Key Market Indicators
Nigerian forestry revenue is projected to decline to approximately 203,000 hectares by 2028, down from around 211,000 hectares in 2023. This represents an average annual decrease of 0.6%. Historical data indicates that since 1995, Nigeria's forestry supply has diminished at an annual rate of 0.8%. This trend underscores ongoing challenges in the sector and highlights the need for strategic interventions to reverse the decline.
