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Contemporary phytotherapy and modern allopathic medicine use raw materials from more than 50,000 plant species. In
Nigeria, the bulk of these raw materials is harvested from the wild and is diminishing at a fast rate with no substantial
conservation or breeding efforts made. This alarming situation, coupled with the dramatically increased interest in herbal
medicine, is a real threat to the genetic diversity of many medicinal plant species. For any meaningful progress to be made
in reversing this situation, the available variation in these crops must be ascertained. Thus, this research was to document
the available genetic and morphological variations in different accessions of some selected indigenous medicinal plants,
(Monodora myristica and Tetrapleura tetraptera) in Southern Nigeria. Their potential uses in pharmaceutical industries
were also highlighted. Efforts were made to screen available accessions in Southeastern Nigeria with a view to identifying the
distribution pattern of phytochemical constituents in these accessions. Efforts were also made at estimating the level of genetic
diversity in these species to stimulate the breeding of these plants. Analysis of variance showed highly significant differences
(p<0.001) in many of the agronomic and nutritional attributes studied. Principal Component Analysis showed that most of
the agronomic and nutritional attributes contributed significantly to the total variation of 73.04% and 79.60% recorded in M.
myristica and T. tetraptera respectively. Dendrograms generated from Cluster analysis grouped the accessions of M. myristica
and T. tetraptera into 3 and 4 groups respectively. Molecular analysis using RAPD markers showed 3 to 13 polymorphic bands
with mean polymorphic information content (PIC) of 0.673, indicating high genetic diversity among the accessions of M.
myristica. Accessions AK1, AK3 CR2 and RV4 of M. myristica and AKA3, IKM1, AKP3, AKP5 and BOK1 of T. tetraptera were
identified as superior based on multiple trait performance suggesting that selection of superior accessions may be carried out
for more than one trait. GRS information on these accessions is available. The high performing accessions could be key targets
for exploitation by pharmaceutical companies.