Towards a sustainable bioeconomy in a post-oil era Nigeria
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Elsevier
Abstract
Description
The bioeconomy comprises all primary arms of production, including industrial and economic sectors that
employ biological resources and techniques to generate bio-based products and services, while creating
new industries and employment. Advocates of the bioeconomy anticipate that biotechnology will play a
key role in its development via scientific advances that will spur innovations in deriving products and
energy from renewable biomass. About 50 countries have adopted bioeconomy policies, with a view to
unlocking new vistas for economic development and innovation, while pushing towards the attainment of
the United Nations Sustainable Development Goals (SDGs). Nigeria has an estimated annual biomass potential
of about 200 billion kilogrammes, which could be harnessed to generate biofuels via integrated bio-refineries
and microbial conversion. In addition, alternative food sources from microorganisms, aquaponics and other
products from wood, especially as a plastic alternative and medicines provide endless opportunities for a
sustainable bioeconomy in Nigeria.
Keywords
QH Natural history, QH301 Biology