Protection of intellectual property rights is key to economic growth – US envoy – The Sun Nigeria

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Forr the United States government, there is a greater commitment to promoting public awareness of the importance of protecting and enforcing intellectual property rights (IPRs), as a strategic resource to support economic growth in the Nigeria.

To mark this year’s World Intellectual Property Day, the United States Mission, in conjunction with the American Business Council, hosted the second edition of its Intellectual Property (IP) Symposium on the theme: “The intellectual property and youth: innovating for a better future”.

The two-day symposium, led by the Office of Overseas Attorney Development, Assistance and Training (OPDAT), funded by the Office of Overseas Attorneyial Development, Assistance and Training (OPDAT) of the Ministry of United States Justice, brought together key stakeholders in Nigeria. protective framework, including top entertainment and creative industry leaders.

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In her remarks at the opening ceremony of the symposium in Lagos, US Ambassador Mary Beth Leonard said protecting intellectual property rights is essential for any economy that wants to foster a culture of innovation and entrepreneurship. She further noted that strong protection of intellectual property rights was essential to create jobs and open new markets for goods and services. The envoy then encouraged IP stakeholders to strengthen Nigeria’s IPR legal framework and lay a solid foundation for young people to drive innovation and engender a more prosperous Nigeria.

“Nigerian youth are an incredible source of ingenuity and creativity. A strong intellectual property rights system assures inventors, industrial designers, musicians and artists that their creative content will be protected and enhanced,” said Ambassador Leonard.

The symposium included a plenary session, thematic panel discussions and exhibits with a particular focus on the emerging entertainment and creative industries in Nigeria. Participants discussed how intellectual property rights could support their goals, help turn ideas into reality, generate income, create jobs and have a positive impact.

Leading speakers from industry, legal and academia explored options for making the Nigerian IP infrastructure work for young innovators in Nigeria, while creative industry stakeholders discussed opportunities for negotiation for the sector. The symposium featured a lively secondary school debate on the relevance of IPR protection for a better future for Nigeria, as well as thought-provoking artistic performances to highlight the place of creativity..

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