Key Takeaways
- The Federal Executive Council approved the revised National Biotechnology Policy 2026 to boost Nigeria’s bio-economy.
- This policy aims to enhance national competitiveness, attract investments, and strengthen food security.
- The Energy Commission of Nigeria will lead the implementation of the policy and facilitate participation in the Global Bioenergy Partnership.
Policy Overview
The Federal Executive Council (FEC) has approved a revised National Biotechnology Policy 2026 aimed at positioning Nigeria to leverage opportunities within the global bio-economy. Minister of Innovation, Science and Technology, Kingsley Udeh, shared details of this decision during a briefing in Abuja following the council’s meeting.
The new policy is designed to improve Nigeria’s competitiveness on the international stage, attract investment, and enhance food and nutrition security. It will lay the groundwork for the development, application, regulation, and commercialization of biotechnology across various sectors.
Udeh emphasized that the framework is crucial for harnessing biotechnology to drive sustainable economic growth. The revised policy not only aims to support innovation but also seeks to create a conducive environment for investments in bio-based solutions.
Additionally, the FEC’s approval allows Nigeria to sign the Terms of Reference for the Global Bioenergy Partnership (GBEP). The Energy Commission of Nigeria (ECN) has been designated as the lead agency responsible for implementing Nigeria’s participation in this international initiative. The Ministry of Innovation, Science and Technology will coordinate the overall implementation and provide regular updates to the council regarding progress.
By establishing this coordinated approach, the revised biotechnology policy is expected to promote innovation, investment, and the development of sustainable solutions that benefit key sectors of the Nigerian economy.
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