Nigeria:
Impact Of Intellectual Property Infringement On Businesses And The Nigerian Economy
15 January 2020
PwC Nigeria
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Data has shown a strong correlation between strong intellectual
property rights and economic development. Strong IP rights create
an enabling environment for the innovation necessary for economic
stimulation. Unfortunately, Nigeria is home to one of the weakest
intellectual property protection regimes which hampers growth
prospects of our already weak economy.
IP violations hinders economic growth by discouraging
investment, decreasing innovation, discouraging research and
diminishing financial benefits from creation and may pose harm to
consumers.
The strongest tool with which to restore Nigeria's
intellectual property protection and enforcement regimes are
legislation and policy initiatives that prioritise IP
protection.
Download: Impact of Intellectual Property Infringement on
Businesses and the Nigerian Economy
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