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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. [ABSTRACT FROM AUTHOR]

The paper is a conclusion of an earlier study investigating contrasting views on Africa's development strategies. In this concluding part, we disaggregated the regional model and investigated same problem at the country level. Current country-level investigation is based on data evidence from Nigeria. Generally, results of current country-level study portray characteristics and tendencies similar to those observed at regional level. The investigation leads us to conclude that while African countries may well approach both international aid and external trade as complementary development vehicles, they would be much better off mounting endeavor to strengthen their trading position with the rest of the world. In other words, a much better policy approach to development is for them to view international aid as no more than a supplementary development tool. The results portray that while trade strengthens a country's bargaining position with the rest of the world, dependence on external aid tend to do the exact opposite. Countries that depend on external aid-in view of growth-stifling complexities-portray an observable tendency of economic stagnancy or slow growth. [ABSTRACT FROM AUTHOR]