Journal of Sustainable Economics
Vol. 3 No. 1 (2025): Journal of Sustainable Economics

Exploring the Intersections of Blue, Green, and Grey Economies in Nigeria: Opportunities, Challenges, and Strategic Pathways for Sustainable Development

Jacob, Augustine (Unknown)
Umoh, Okon (Unknown)



Article Info

Publish Date
31 May 2025

Abstract

This review paper explores the integration of Blue, Green, and Grey economies as viable pathways for sustainable economic development in Nigeria. By examining the principles, current status, challenges, and opportunities of these economic models, the study highlights their potential in diversifying Nigeria's economy, enhancing environmental sustainability, and promoting social inclusion. The Blue Economy focuses on harnessing Nigeria’s vast coastal and marine resources for sustainable fisheries, aquaculture, and maritime activities. The Green Economy emphasizes eco-friendly practices, renewable energy, sustainable agriculture, and land management as means to address climate change and improve food security. Meanwhile, the Grey Economy, predominantly informal, presents opportunities for sustainable urban development, particularly in waste management, recycling, and construction sectors. The study identifies significant challenges, including policy gaps, inadequate infrastructure, limited access to financing, and the need for a more robust regulatory framework. It emphasizes the necessity of an integrated policy approach that aligns with Nigeria’s Vision 2050 and the Sustainable Development Goals (SDGs). Strategic recommendations include fostering public-private partnerships, investing in capacity building, and leveraging innovative financing mechanisms to support sustainability projects. This review concludes that a comprehensive approach to integrating Blue, Green, and Grey economies can enhance Nigeria’s economic resilience, reduce environmental degradation, and promote inclusive growth. The findings serve as a blueprint for policymakers, stakeholders, and researchers interested in advancing sustainable development in Nigeria.

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Journal Info

Abbrev

jse

Publisher

Subject

Economics, Econometrics & Finance Social Sciences

Description

Journal of Sustainable Economics (JSE) is a peer-reviewed publication of original research works. The mission of the journal is to offer a medium to exchange ideas and information about the advancement of knowledge and research in disiplines of economics and econometrics from the following subject ...