{"id":7249,"date":"2021-12-26T07:25:21","date_gmt":"2021-12-26T07:25:21","guid":{"rendered":"https:\/\/www.withinnigeria.com\/broadnews\/?p=7249"},"modified":"2021-12-26T07:25:21","modified_gmt":"2021-12-26T07:25:21","slug":"nigeria-signs-mou-on-intellectual-property-commercialisation","status":"publish","type":"post","link":"https:\/\/www.withinnigeria.com\/broadnews\/2021\/12\/26\/nigeria-signs-mou-on-intellectual-property-commercialisation\/","title":{"rendered":"Nigeria signs MoU on Intellectual Property Commercialisation"},"content":{"rendered":"<p>The Federal Government says it has signed a Memorandum of Understanding (MoU) with a UK-based Developing Africa Group, to create Africa\u2019s first Intellectual Property Rights (IPR) Commercialisation Project in Nigeria.<\/p>\n<p>This is contained in a statement by Ibrahim Haruna, Head, Press and Public Relations of the <a href=\"https:\/\/www.withinnigeria.com\/broadnews\/2021\/12\/11\/fg-inaugurates-executives-for-nigeria-commodity-associations\/\">Federal Ministry of Industry, Trade and Investment<\/a> on Saturday in Abuja.<\/p>\n<p>The statement revealed that the Minister of Industry, Trade and Investment, Otunba Richard Adebayo, disclosed this during the signing ceremony held recently in Abuja.<\/p>\n<p>It disclosed that the minister was represented at the occasion by the Registrar, Trademarks, Shafiu Adamu-Yauri.<\/p>\n<p>Adeniyi was quoted as saying that the MoU would allow the group to use IPR as a means of resolving some of the issues and challenges facing Nigeria as well as creating jobs and trade services.<\/p>\n<p>The minister said the pilot project was structured for three Years, adding that \u201cit is designed to place IPR directly into some of the key issues and challenges in Nigeria.<\/p>\n<p>\u201cThis is to address some of the issues surrounding unemployment and allow rural communities in Nigeria to start attracting commercial interests.<\/p>\n<p>\u201cSince trademarks are crucial to the promotion of trade and economic development, and Nigeria happens to be one of the strong regional hubs of trade in Africa being the continent\u2019s biggest economy.<\/p>\n<p>\u201cIt is no surprise that it has attracted the world\u2019s IP governing body in Abuja, as Nigeria hosted one of the only two World Intellectual Property Office\u2019s (WIPO) External Offices in Africa.\u201d<\/p>\n<p>According to the statement, the project will assist the registry of trademarks in the effective administration and enforcement of trademark rights in Nigeria.<\/p>\n<p>\u201cAfrica in general and Nigeria in particular, faces an enormous challenge of industrialisation and unemployment generation given the significant population growth.<\/p>\n<p>\u201cThe African Development Bank estimates that youth unemployment is twice as high as that of adults \u201cand that young people account for approximately 60 per cent of the continent\u2019s jobless population.<\/p>\n<p>\u201cThe problem is only set to become more acute given estimates that some 12 million young people on the continent enter the job market each year,\u201d Adeniyi was quoted as saying<\/p>\n<p>The minister urged the group to work closely with the WIPO Office in Nigeria to achieve the goals.<\/p>\n<p>The statement also quoted the Chairperson of the group, Hajiya Jamila Ahmadu-Suka, as assuring that the use of the IPR would create series of technology based projects in Nigeria.<\/p>\n<p>This, she said, included a project to make Nigeria become a zero tolerant nation for trademarks abuse through the application of a Gig-economy mobile social media app.<\/p>\n<p>\u201cIt will create up to 15,000 jobs across Nigeria for the detection of fake labels and abuse of trademark rights and other IPR violations in Nigeria,\u201d she said.<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Federal Government says it has signed a Memorandum of Understanding (MoU) with a UK-based Developing Africa Group, to create Africa\u2019s first Intellectual Property Rights (IPR) Commercialisation Project in Nigeria. This is contained in a statement by Ibrahim Haruna, Head, Press and Public Relations of the Federal Ministry of Industry, Trade and Investment on Saturday [&hellip;]<\/p>\n","protected":false},"author":32,"featured_media":7274,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jnews-multi-image_gallery":[],"jnews_single_post":[],"jnews_primary_category":[],"footnotes":""},"categories":[7],"tags":[181,2278],"class_list":["post-7249","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-national","tag-federal-government","tag-intellectual-property"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.8 (Yoast SEO v27.8) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Nigeria signs MoU on Intellectual Property Commercialisation &#187; BROAD NEWS \u2014 WITHIN NIGERIA<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.withinnigeria.com\/broadnews\/2021\/12\/26\/nigeria-signs-mou-on-intellectual-property-commercialisation\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Nigeria signs MoU on Intellectual Property Commercialisation\" \/>\n<meta property=\"og:description\" content=\"The Federal Government says it has signed a Memorandum of Understanding (MoU) with a UK-based Developing Africa Group, to create Africa\u2019s first Intellectual Property Rights (IPR) Commercialisation Project in Nigeria. 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