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ORIGINAL ARTICLE
BIOECONOMY FOR SUSTAINABLE DEVELOPMENT IN AFRICA – STATE OF PRODUCTION DETERMINANTS AND FUTURE DIRECTIONS
1
Centre for Environmental Studies and Sustainable Development (CESSED), Lagos State University, Nigeria
Online publication date: 2020-03-31
Publication date: 2020-03-31
Corresponding author
Oluwaseun James Oguntuase
Centre for Environmental Studies and Sustainable Development (CESSED), Lagos State University, Nigeria
Centre for Environmental Studies and Sustainable Development (CESSED), Lagos State University, Nigeria
Economic and Regional Studies 2020;13(1):1-14
KEYWORDS
Bio-basedbioeconomy potentialbiological resourcesinnovationknowledge economyresearch and development
TOPICS
Environmental Economics and PolicyResearch and Development/Tech Change/Emerging TechnologiesResource /Energy Economics and Policy
ABSTRACT
Subject and purpose of work: This paper presents bioeconomy as a solution to sustainable development
challenges in Africa. It identifies the current state of bioeconomy and its production determinants in
African countries and regions, and the potential that bioeconomy has in these jurisdictions. This paper
also highlights possible policy inputs for a sustainable bioeconomy on the continent Materials and methods: In addition to a systematic literature review, statistical databases and published indices,
the paper also builds on the classical theory of productive forces to achieve its objectives. Results: The bioeconomy potentials of African countries are poor when compared with those of countries
with dedicated bioeconomy policies or strategies. Most of the bioeconomy related activities in Africa
were centred on biofuel production as a substitute to fossil fuels. Conclusions: African countries
must formulate cohesive bioeconomy policies, make necessary targeted investments in research and
innovation, and improve general governance to take advantage of opportunities in emerging sectors of
bioeconomy to ensure sustainable livelihoods on the continent.
PEER REVIEW INFORMATION
Article has been screened for originality
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