Economic Valuation

3Valuing Nature
BDCP recognizes the importance of preserving and appreciating our natural environments. To this end, through several projects, BDCP assesses local cultural values in an attempt to obtain the best use of the resource for all.
Our projects include:
– Economic valuation of ecosystem goods and services,
– Valuation of the resources related to pharmaceutical development,
– Non-timber forest products presently being used by the community;
– Potential for increased commercialisation of some of these products;
– Environmental services rendered by this intact natural system; and
– Potential for timber and tourism.

Prawns from the mangroves on sale in a local market periwinkles are picked from mud flats on the creeks away from the waterfronts of the mangrove ecosystem

Bioprospecting
BDCP has developed innovative and successful methods of biological prospecting for medicines, cosmetics and crop protection agents that are based on leads from traditional ethnobotanical knowledge and ecological indicators. Our major in-country focus is on the development of cures for malaria and other tropical diseases. We have also developed partnerships with developed countries, in order to strengthen our search for treatments to fight cancer and AIDS. In these projects, full recognition and compensation is given to the sources of knowledge and raw materials.

Biopartnering
BDCP helps West/Central African communities establish buffer zones and extraction reserves, and to cultivate selected tree crops as food, fuel and erosion barriers.
• Akampa Deep Forest Farm (Cross River state, Nigeria) for cultivation of Physostigma venenosum a highly prized medicinal plant.
• The Pygeum Project (Bamenda, Cameroon), for the planting of Prunnus africana, an endangered medicinal plant.

Reforestation, Rehabilitation or Restoration, Remediation and Regeneration of the Ecosystem
BDCP’s reforestation programme ranges from small-scale community tree planting to internationally sponsored biodiversity monitoring plots.
BDCP has carried out several model projects aimed at environmental sustainability and sustainable development of the ecosystem. For example, in 2011, BDCP successfully conducted a project on the “Restoration and the conjunctive sustainable management of native mangroves and Nypa Palms in the cross river estuary of Nigeria” as part of the Guinea Current Large Marine Ecosystem Program (GCLMEP) funded by UNIDO. This is the first time that a degraded forestry has been completely restored to its prime condition through the applications of modern ecology and biosciences. The specific objective was to develop and implement the restoration and conjunctive sustainable management of native mangroves and Nypa palms at selected sites in Oron, Akwa Ibom State in the Cross River Estuary of Nigeria which is to be sustained long after the project duration through carefully planned community buy-in, involvement and active participation.

Capacity Building
BDCP incorporates capacity building into all programmes. In addition, training packages are designed and conducted at different times to cover all core aspects of BDCP.

Leave a Reply

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


*