Saturday, August 29, 2026
  • Login
No Result
View All Result
The Business Times
  • News
  • BT Exclusive
  • Economy
  • Business
  • Financial Markets
  • Politics
  • Energy
  • Insights
  • Sports
  • News
  • BT Exclusive
  • Economy
  • Business
  • Financial Markets
  • Politics
  • Energy
  • Insights
  • Sports
No Result
View All Result
The Business Times
No Result
View All Result
Home Economy

Cross River Loses 60% of Original Forest Cover

byChidi Okoye
February 26, 2026
in Economy
0
Cross River Loses 60% of Original Forest Cover
17
VIEWS
Share on FacebookShare on Twitter

In a major push to preserve Nigeria’s dwindling rainforests, civil society organizations and conservation experts issued an urgent demand on Wednesday, February 25, 2026, for the immediate amendment of the Cross River State Forestry Law, 2010. During a briefing in Calabar, stakeholders revealed a staggering ecological decline, noting that the state has already lost over 60% of its original forest cover to rampant logging and unregulated trade.

The environmental and structural consequence of this depletion is a state of crisis where once-dense rainforests are rapidly degrading into grasslands. Presenting a comprehensive policy brief, Dr. Martins Egot warned that thousands of logs are extracted daily through both legal and illegal channels. He emphasized that the 2010 law, while once considered progressive, is now entirely inadequate to address modern ecological threats, unregulated hunting, and the sophisticated nature of contemporary forest crimes.

Analytically, the stakeholders identified critical legislative gaps that have fueled this decline. A primary concern is Section 19 of the current law, which governs the Forest Reserve Fund; it lacks specific mandates on what proportion of revenue must be paid into the fund and how those resources should be utilized. This ambiguity, according to the report, undermines financial accountability. Furthermore, Ken Henshaw of We The People highlighted a significant institutional flaw: the office of the Conservator-General is mentioned in the law but is never formally established, leaving a vacuum in professional qualifications and oversight powers.

The impact on “Economic Diversification and Climate Finance” is a vital dimension of the proposed reforms. Experts pointed out that global climate funding reached approximately $1.46 trillion in 2022, yet Cross River remains largely excluded due to its weakened legal framework. By strengthening forestry laws, the state could pivot from extractive logging to sustainable revenue streams such as carbon financing and ecotourism, which offer more lucrative and long-term economic stability for forest-dependent communities.

The policy brief recommends specific priority areas for reform, including alignment with global climate change commitments, stronger legal deterrence against forest crimes, a total restructuring of governance mechanisms, the promotion of nature-based economic alternatives, and the protection of the rights of indigenous communities.

The long-term outlook for Cross River’s biodiversity depends on the state government’s willingness to move beyond minor adjustments. As former lawmaker Rt. Hon. Nelson Ofem noted, the current legislation is simply too weak to safeguard what remains of the state’s natural heritage. Stakeholders warned that the failure to act decisively now could result in the permanent loss of one of Africa’s most significant ecological assets.

Tags: BiodiversityCalabarCarbon FinancingClimate ChangeConservationCross River StateForestry LawKen Henshaw
Chidi Okoye

Chidi Okoye

Next Post

Access Bank Drives Affordable African Payments With PAPSS Campaign

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

Ogun Moves to Fix Power Gaps with Statewide Electricity Audit

4 months ago
NGX All-Share Index Tops 242,000 as Nigerian Stock Market Gains N156 Trillion

NGX Market Capitalisation Rises by N961.75bn as Banking Stocks Lead Rally

2 months ago

Popular News

  • Sahara Power Targets Q1 2027 Completion for $12m Lagos Power Plant

    0 shares
    Share 0 Tweet 0
  • NCC Pushes Homegrown Tech

    0 shares
    Share 0 Tweet 0
  • REA Lights Up Nigerian Education

    0 shares
    Share 0 Tweet 0
  • Nigeria Cocoa Exporters Face Costly EU Deforestation Test

    0 shares
    Share 0 Tweet 0
  • Nigeria’s Airline Cost Crisis Deepens Despite Jet Fuel Relief

    0 shares
    Share 0 Tweet 0

Connect with us

Facebook Twitter Instagram TikTok

Newsletter

Pages

  • About Page
  • Contact
  • Domestic Gas Sales Rise 30% as Nigeria’s Energy Reforms Gain Traction
  • Privacy Policy
  • Terms & Conditions

Navigation

  • News
  • BT Exclusive
  • Economy
  • Business
  • Financial Markets
  • Politics
  • Energy
  • Insights
  • Sports

© 2025 The Business Times NG .

Welcome Back!

OR

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • News
  • BT Exclusive
  • Economy
  • Business
  • Financial Markets
  • Politics
  • Energy
  • Insights
  • Sports

© 2025 The Business Times NG .