That Nigeria has a comparative advantage in the Agricultural sector is not in doubt but harnessing and developing these potentials has been the challenge. Of the less than 40% Agriculture contributes to the Gross Domestic Product {GDP} of the economy, forestry accounts for 3% only whereas out of the total landmass 92.4 million hectares of the country, 31.3 million hectares is covered by forest having over 490 tress whereas only about 100 are utilized.
The southern rainforest and southern middle belt areas of the country provides avenues for the provision of logs exploited on regulation by the various state Governments with checks on deforestation and afforestation programmes.
There are different kinds of wood available in Nigeria, irrespective of their location and usage. They include: Apa, Black,Afara, White Afara, Afromosia, Gmelina, Idigbo, Canarium, Okan, Antiaria, Lagos Mahogany, Berlinia, Ekki, Scented Guarea, Dry zone Mahogany, Camwood, Pterygote, Albizia, Alstonia, Makore, White sterculia, Owewe,Dist, Okwen, Obeche, Opepe, African Walnut, Mansonia, Teak, Ebony, Guarea, Iroko, Abura, Ogea, Pterocarpus, Erimado, Agba, Akpu, Danta, Celtis, walnut, etc.
Some of the states in Nigeria were woods can gotten include Ogun, Ondo, Osun, Ekiti, Edo, Cross River, Awka Ibom, Delata, Benue etc
Teak is the common name for the tropical hardwood tree species Tectona grandis and its wood products.Tectona grandis is native to south and southeast Asia, mainly India, Indonesia, Malaysia, and Burma, but is naturalized and cultivated in many countries, including those in Africa and the Caribbean. Burma accounts for nearly one third of the world’s total teak production.
The word teak comes from the Malayalam word thekku.This tree is mentioned in the seventh-century literature of Tamil popularly known as the Tevaram. In Bengali it is called ‘Segun’ or more commonly as Sagwan in various Indian languages.
Tectona grand is is a large, deciduous tree that is dominant in mixed hardwood forests. It has small, fragrant white flowers and papery leaves that are often hairy on the lower surface.
Teak is used extensively in India to make doors and window frames, furniture, and columns and beams in old type houses. It is very resistant to termite attacks. Mature teak fetches a very good price. It is grown extensively by forest departments of different states in forest areas.
Export of a variety of processed hardwood products presents a very good opportunity for savvy investors desirous of earning good returns on investment.
Out of the 92.4 million hectare of land area, forest covers 31.3 million hectares. Out of about 490 utilizable tree species in the Nigerian forest, only about 100 are currently utilized.
Export market for processed wood is very vast and wide. Wood products are used in every facet of human life which includes homes, offices, industries, schools, farms, paper production, construction, furniture etc.
European countries import on the average about four million {4,000,000} cubic metres of hardwood products annually from tropical regions of the world.
The return on investment on the export of processed wood is estimated between 20%- 30% per container.
————————————————————————————————————————————————————
365 Campaigner is a complete suite of social collaboration, communication and management tools for your team.
From List building solution to event announcement and CRM, 365 Campaigner provides everything you need to boost sales, step up productivity and manage all day-to-day activities. Tightly integrated.
365 Campaign is the one stop shop for digital marketing solutions for businesses, politicians, religious organizations and individuals. Visit www.365campaigner.com for more information.
————————————————————————————————————————————————————–
At Foraminifera Market Research {www.foramfera.com}, we provide bespoke and up to date market research reports for beginners and exporters already in the commodity export market.
Our reports are designed to assist start-ups to understand the legal and financial requirements of starting the business, the market trends vis-a-vis demand and supply, competition, risk identification and mitigation strategies.
You can order our detailed feasibility report on exporting processed wood { Teak, Eki and Gmelina} in Nigeria by clicking on the link below.
Report Title: PROCESSED WOOD EXPORT IN NIGERIA; THE FEASIBILITY REPORT.
Report Code: FORA/010/2013/0600
Do you require one- on- one training on the subject matter? Contact us with any of the details provided below to arrange a meeting
Office Phone Number: 01- 295 24 13 {Monday – Saturday; 8 am – 5 pm}
Mobile Number: +234 {0} 8033782777; + 234 (0) 908 335 7733 {Monday – Saturday; 8 am – 6 pm}
E-Mail Address: enquiries@foramfera.com
CC: foraminiferamarketresearch@yahoo.com
Office Address:
61-65 Egbe- Isolo Road,
Iyana Ejigbo Shopping Arcade,
Block C, Suite 39,
Iyana Ejigbo Bus Stop,
Ejigbo, Lagos.
