Intellectual Property Reforms to Create Wealth

A former Director General of Nigerian Copyright Commission (NCC), Prof. Adebambo Adewopo (SAN) has said youths occupy a strategic position in search for suitable and effective innovation and creativity using intellectual property (IP) architecture to deliver on national developmental aspirations.

Adewopo, however, said to guarantee sustainable national wealth creation and development, there is a need to speed up the reform of the country’s IP legal regime for effective IP protection and empowerment of the youth population.

He made the remarks at a two-day Intellectual Property symposium organized to commemorate the World Intellectual Property Day in Lagos recently

At the symposium, Adewopo said: “It is as if the World Intellectual Property Organisation (WIPO) has launched a prognosis into the Nigerian demographic strength and enormous creative force for development as a point of reference.

 “Given the current state of affairs, there is assurance that the innovative youths will benefit enormously from a significantly improved IP framework including enhanced enforcement measures that would not only harness their creativity but also protect their products in both the copyright and innovation space.

“This, for instance, has been well canvased through the introduction of legal regimes of digital copyright, traditional knowledge (TK), collective trademark, geographical indications (GI), service marks, and utility models, among other IP reform provisions.

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