Economic Analysis of Different Wood Species in Major Sawmills in Abeokuta Ogun State Nigeria

Abstract

This study involved the economic analysis of different wood species in major sawmills in Abeokuta, Ogun State Nigeria. Two stage design sampling techniques were employed for this study. Descriptive statistics and Cost and Returns were used in the data analysis. Result showed that 62.5% engaged in the business were males, 81.7% were in age group between 31-50years, 48.3% had no formal education, and 88.3% entered into the business through apprenticeship and are mostly full-time. The result also revealed that 95.83% of the saw millers or plank sellers obtain their timber from the private forest and they mostly buy per species i.e. per tree. Moreover, among the timber species that were common in the saw mills include, Albizia coriaria (ayinre) has the highest percentage frequency of 66.7%, Anogeissus leiocarpus (orin dudu) has 44.2%, Cleistopholis sp. (okedo) 32.5% and Musanga cecropioides (aga) 1.7% with the least percentage frequency. Average girth sizes of timber species in sawmill, ranged from 3.00cm- 5.60cm and the average number of plank ranged from 6-29. The business could be seen as profitable, as the cost analysis revealed the average profit for each sawmill per month in Abeokuta North, Odeda and Abeokuta South Local Governments’ Areas to have these profits (₦982,893.75, ₦790,083.524 and ₦790,083.524) respectively. It was recommended that government policy should be reviewed against illegal felling and over-exploitation of timber by imposing/enacting stiffer penalty or law to illegal feller. Government policy should also encourage individual plantation establishment to ensure continuity of forest products for posterity.

Economic Analysis of Sawnwood Marketing in Isokan Local Government area Osun State, Nigeria

“…This signifies that the enterprise is worthwhile; hence sawnwood marketing is encouraged in the study area. Therefore, sawn wood marketing is highly profitable in the study area and this corroborates Adedokun et al, (2017) who reveals also that sawnwood production in all our major sawmill is a profitable enterprise.…”

“…Forest has played a major role in the growth of human development compared to any other resources. Wood that is used as timber, fuelwood, pulp and paper is the most precious and marketable product obtained from most forests (Adedokun et al, 2017). Nigeria's total forest plantation is estimated at 269,000 hectares.…”

“…Uzowulu, (1990) The industry is an avenue to increase the nation's revenue with the potential of providing jobs and enhancing hundreds and thousands of individuals with income generation. This sector is also expected to continue to develop as the saw milling /wood-based panel industry has many potentials for industrialization (Adedokun et al, 2017). Wood marketing enterprise is one of the main economic activities in Isokan Local Government area of Oyo State Nigeria.…”

Analysis of sales, costs and demands for timber species in selected timber markets of Plateau State, Nigeria

“…From the foregoing researches in literature, there has not been a research which considered analysis of sales, costs and demands for timber species in the main timber markets of Plateau State located in the northcentral region of Nigeria. Most of the existing studies (Adedokun et al 2017;Babalola et al 2018;Faleyimu 2014;Bello and Mijinyawa 2010) have focused on timber species commonly found in the southern part of Nigeria. Only a few works whose objectives are different from those of this study have considered other regions of Nigeria.…”