The report received valuable input, support and endorsement from ICC Nigeria, key local partners like the Standards Organisation of Nigeria (SON), the National Agency for Food and Drug Administration and Control (NAFDAC), the African Intellectual Property Group (AIPG) and the Intellectual Property Law Association of Nigeria (IPLAN).
On behalf of BASCAP members, ICC Nigeria Vice Chairman, Mr Raymond Ihyembe and Secretary General, Ms Olubunmi Osuntuyi presented the report to an audience of practitioners, policymakers and brand protection executives in the intellectual property (IP) field. Encouraged by the tremendous support the report has received Ms Osuntuyi is “optimistic that this partnership [with BASCAP] will enhance the needed impact in our advocacy efforts on IP.” She added that “beyond the conference, ICC Nigeria plans to work with BASCAP to sustain this laudable drive by having more workshops and seminars to bring to fore the importance of the subject matter amongst stakeholders.”
Results of the report reveal that Nigeria has increasingly become both a target destination and significant transit route for counterfeit and pirated products. This situation is related to several factors like corruption, outdated legislation and weak enforcement mechanisms, including a lack of national policy on combating counterfeiting and piracy. Investment, trade and economic growth are being penalized by the negative effects of these illegal practices that also affect consumers’ health due to counterfeit practices in sensible industries like pharmaceuticals and cosmetics.
In addition, the report stresses the importance of intellectual property enforcement and documents some of the challenges that Nigeria faces in relation to intellectual property rights (IPR). It acknowledges that economic growth needs a strong legal framework that protects IPR and encourages innovation, research and development of indigenous products.
The purpose of the report is to put forward a set of policy and legislative recommendations that stakeholders in Nigeria can use for reducing counterfeiting and protecting economic growth with a strong IPR system. In the case of Nigeria, it is important to have national policies that create awareness of the importance of IP. These recommendations are in line with BASCAP’s commitment to make the fight against counterfeiting and piracy a public policy priority and in collaboration with ICC Nigeria the aim is to help the Nigerian government achieve these important goals.
Click here to download the report “Promoting and Protecting Intellectual Property in Nigeria”.
For more information about BASCAP, please click here.
For more information about ICC Nigeria, please visit www.iccng.org.
Learn more about the workshop “The Dynamic Dole of Intellectual Property in Promoting Innovation and Economic Development in Emerging Markets”.