Sustainable Integrated Management of the Guinea Current Large Marine Ecosystem Sample Clauses

Sustainable Integrated Management of the Guinea Current Large Marine Ecosystem. The Guinea Current Large Marine Ecosystem (GCLME) is ranked among the five most productive LMEs in the world today in terms of biomass yields. It has rich fishery resources, oil and gas reserves, precious minerals, a high potential for tourism and serves as an important reservoir of marine biological diversity of global significance which make a major contribution to livelihood and employment of the people of countries bordering the GCLME and a veritable source of goods and services for economic growth. The GCLME provides habitat for a number of threatened and endangered species and its coastal wetlands are visited by millions of migratory birds annually. Additionally, the region has some of the world’s most significant mangrove stands. The vast and well developed mangrove forests located along the coasts of Guinea, Guinea Bissau, Sierra Leone and in the Niger delta of Nigeria are among the most biologically and socio-economically significant coastal ecosystems. The Guinea Current LME provides a distinct economic and food security source, with its coastal and offshore waters and associated near shore watersheds. In a study initiated by the GCLME Project (2007) on the socioeconomic valuation of the goods and services in the GCLME region, it has been found that using the Direct Output Impact (DOI) methodology to estimate the goods that could be obtained in the GCLME annually namely, marine fisheries, offshore oil production, Non Timber Forest Products (NTFP), and mining (sand, salt, granite and phosphate), the total value of the output from these sectors, based on available data, was over US$50billion. The 16 countries bordering the GCLME are heavily dependent on the coastal and marine environment for their socioeconomic development.
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Related to Sustainable Integrated Management of the Guinea Current Large Marine Ecosystem

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