Abstract :
Biofuels development and adoption in Nigeria has progressed significantly since the inception of the countryʹs biofuel program in 2007. The rapid growth of the biofuels subsector in Nigeria inspired this review which aims at identifying the key drivers, agents, enablers, incentives and objectives driving the development. From the upstream to the downstream sub-sectors, there is an increasing entry of players and participants (private and public investors). This paper aims to explore the underlining drivers, enablers and incentives promoting the investments and participations in biofuels development, adoption and utilization in Nigeria. The research sourced data from basically secondary sources and undertook desk review of available information. The drivers identified are classified into the endogenous and exogenous categories. From the review, the paper presents a multi-components conceptual framework that captures key elements of the biofuel development in Nigeria.
