DEPARTMENT OF FOREST RESOURCES MANAGEMENT
Permanent URI for this communityhttps://repository.ui.edu.ng/handle/123456789/457
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Item Willingness to pay for rehabilitation of Ibadan urban environment through reforestation projects(Department of Forest Resources Management , University of Ibadan, 2002) Popoola, L.; Ajewole, O.This study was carried out to determine the estimated value of the environmental service functions of the forests of the Ibadan metropolis. It employed the payment card format -Contingent Valuation approach - to elicit willingness to pay (WTP) for environmental rehabilitation of the Ibadan metropolis through reforestation projects, and to investigate the extent to which socio-economic factors influence the WTP. Data were obtained from a multi-stage randomly sampled 370 residents within the five local government areas of the metropolis. The results show that 77% of the respondents were willing to pay various amounts ranging from N50-N500 monthly, NlOO being the modal value, having recorded a 52% response. The mean monthly WP value is N161, resulting in an aggregate estimated value of Ibadan urban forests’ environmental service functions, ranging between N185 468 586 and N240 868 294 (US$1 = NlOO). The reduced model of the double log regression equation revealed the respondents’ employment status and proximity to the urban forest reserves as the only socio-economic variables that significantly influenced WTP. The differences in the mean WTP values within each independent socio-economic variable were not significant (p > 0.05). The results of this study show that there is a need for social valuation of forestry and non-forestry projects that have to do with conversion of forest lands, as a panacea for uncontrolled deforestation.