The Forestry Research Institute of Nigeria conducts research in the field of forest economics and policy, with a focus on understanding the economic and policy implications of forest management and conservation in the country. This includes studies on the economic value of forests and their products, as well as investigations into the impacts of different forest management practices on the livelihoods of local communities. Additionally, the institute conducts research on the use of economic incentives and policy measures to promote sustainable forest management, conservation and forest-based livelihoods. The research also includes analysis of the impact of different economic and policy instruments on the forest sector, and the development of policy recommendations for sustainable forest management. The research also assesses the economic impact of forest degradation, deforestation and degradation on the economy of Nigeria and the livelihoods of the people. It also includes research on the legal and institutional frameworks that govern the forest sector, and the role of different stakeholders in forest management and decision-making.