Budgetary and property evaluation of bamboo products: The case of forestry research institute of Nigeria
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The increasing difficulty in sourcing timber species in Nigeria necessitates seeking for alternatives species. Providing alternative species requires knowledge on the technical properties and budgetary evaluation particularly in relation to their utilization. Bambusa vulgaris from available evidence had been used for light construction and production in some parts of Nigeria; however, there is dearth of information on its technical properties and budgetary evaluation. Therefore, this study was conducted to evaluate selected properties and budgetary evaluation of Bamboo. Bamboo culms were harvested, processed into valuable products such as Tables, Chairs, Bed, flower vases, lamp stands and many other household items with detail analysis on the cost of production in either round or laminated form. The technical properties considered include: Modulus of rupture (MOR) and Modulus of elasticity (MOE), while the budgetary analysis include: Rate of Returns on Investment and cost benefit analysis of the production. Result of the properties shows that the mean MOE of B. vulgaris was 4556.21±98.42N/mm2. While mean MOR of B. vulgaris was 51.88±112.80N/mm. The Rate of Returns (RORI) of bamboo furniture is above 60% and Cost Benefit Ratio is higher than 1. There are potentials in utilizing bamboo for the production of structural materials being a medium density wood and slightly dimensionally stable. It is also a profitable venture for utilization and it has the potential of serving as a suitable alternative to the scarce tropical timber species
Keywords: Value chain, Research, Innovation, Sustainable forest management, Financial mechanisms
ID: 3474266