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Sustainability Developmental Study in Nigeria on the Effect of Biotechnology in Accelerating its Bioeconomy by Looking at South Korea, and USA

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Sustainability Developmental Study in Nigeria on the Effect of Biotechnology in Accelerating its Bioeconomy by Looking at South Korea, and USA


Thomas Chimaobi Anya



Thomas Chimaobi Anya "Sustainability Developmental Study in Nigeria on the Effect of Biotechnology in Accelerating its Bioeconomy by Looking at South Korea, and USA" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-7 | Issue-1, February 2023, pp.1351-1363, URL: https://www.ijtsrd.com/papers/ijtsrd53844.pdf

The Sustainable Development Goals is a way forward to achieving a facilitating environment to support human wellbeing. some of the best countries on the road map to achieving the United Nations (UN) 17 Sustainability Development goals (SDGs) by 2030 like South Korea and USA should be emulated by Nigeria, by following the pattern of South Korea and USA biotechnology form leading to acceleration of their bioeconomic growth and the continuous growth of the industrial field utilizing the technology, the proportion of bioeconomy in the economic field is increasing. Biotechnology has a positive impact in the agricultural field were farmers and consumers can make informed choices on what crops to grow, to the policymakers and regulators to craft enabling biosafety guidelines for commercialization, on the industry as it creates a lot of employments and it has a positive impact in the health care sector as it helps to know how new medical approaches work on people via clinical trials. This paper reveals the income level economies of Nigeria, USA and South Korea on the context of Lower-middle-income economies, Upper-middle-income economies, High-income economies, and High-income OECD Members. The impact of government of the three countries on Research and development (R&D) investment as a percentage of their (GDP) shows the reasons why USA and South Korea are doing fantastic and Nigeria is seriously lagging far behind. Investments on biotechnology are important driver of economic growth as it spurs innovation, invention, and progress of a particular country. For this study many reports, research papers, and press releases were reviewed.

Sustainable Development Goals (SDGs); Nigeria; South Korea; USA; biotechnology; bioeconomy; economy; research and Development (R&D); expenditure; percentage of GDP


IJTSRD53844
Volume-7 | Issue-1, February 2023
1351-1363
IJTSRD | www.ijtsrd.com | E-ISSN 2456-6470
Copyright © 2019 by author(s) and International Journal of Trend in Scientific Research and Development Journal. This is an Open Access article distributed under the terms of the Creative Commons Attribution License (CC BY 4.0) (http://creativecommons.org/licenses/by/4.0)

International Journal of Trend in Scientific Research and Development - IJTSRD having online ISSN 2456-6470. IJTSRD is a leading Open Access, Peer-Reviewed International Journal which provides rapid publication of your research articles and aims to promote the theory and practice along with knowledge sharing between researchers, developers, engineers, students, and practitioners working in and around the world in many areas like Sciences, Technology, Innovation, Engineering, Agriculture, Management and many more and it is recommended by all Universities, review articles and short communications in all subjects. IJTSRD running an International Journal who are proving quality publication of peer reviewed and refereed international journals from diverse fields that emphasizes new research, development and their applications. IJTSRD provides an online access to exchange your research work, technical notes & surveying results among professionals throughout the world in e-journals. IJTSRD is a fastest growing and dynamic professional organization. The aim of this organization is to provide access not only to world class research resources, but through its professionals aim to bring in a significant transformation in the real of open access journals and online publishing.

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