Stakeholders have commended the Ondo State Government for its commitment to create what it calls ”Forestry Regenerating Fund ” to fortify the forestry reserves in the state.
A statement by the media aide, Mr Bisi Agboola said that participants at a one-day Carbon Trade Seminar Workshop organized by the state UN-REDD Project applauded the Akeredolu admnistration for being the first in government to consider a ”Regenerating Fund” for its forestry reserves.
Welcoming participants to the seminar, Special Adviser to the Governor on Environment, Hon. Oyeniyi Oseni said the issue of carbon emission from the forestry sector needs to be given deserving attention because of its overall impact on human lives.
He also shared his experience in the Carbon credit market describing it as a worthwhile investment.
Speakers at the seminar including Barrister Adesina and Mr.Thony Attah both emphasized that about 15–20% of all global carbon dioxide emission comes from forest deforestation.
In their separate contributions, Comissioner for Agriculture, Hon Olayato Aribo and his counterpart in the Ministry of Environment, Hon Sunday Akinwalere, said that the state government will continue to keep watch on its forest reserves and will not allow intruders to encroach.
Other participants at the seminar also called on government and other stakeholders to consider rural household settings in its forest management.
