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

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 RandD 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. 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, URL: https://www.ijtsrd.com/papers/ijtsrd53844.pdf Paper URL: https://www.ijtsrd.com/biological-science/biotechnology/53844/sustainability-developmental-study-in-nigeria-on-the-effect-of-biotechnology-in-accelerating-its-bioeconomy-by-looking-at-south-korea-and-usa/thomas-chimaobi-anya