Premium Times Nigeria – Nigeria signs MoU to create Intellectual Property Commercialisation Project
Nigeria signs MoU to create Intellectual Property Commercialisation Project
The federal government says it has signed a Memorandum of Understanding (MoU) with a UK-based Developing Africa Group to create Africa’s first Intellectual Property Rights (IPR) Commercialisation project in the country.
Otunba Niyi Adebayo
Minister of Trade & Investment
The statement said the Minister of Industry, Trade and Investment, Richard Adebayo, disclosed this during the signing ceremony held recently in Abuja.This is contained in a statement by Ibrahim Haruna, Head, Press and Public Relations, Federal Ministry of Industry, Trade and Investment, on Saturday in Abuja.
It said that the minister was represented at the occasion by the Registrar, Trademarks, Shafiu Adamu-Yauri.
Mr 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 to create jobs and trade services.
The minister said the pilot project was structured for three years, adding that, “it is designed to place International Property Rights (IPR), directly into some of the key issues and challenges in Nigeria as it would take advantage of technology.
“This is to address some of the issues surrounding unemployment and allow rural communities in Nigeria to start attracting commercial interests.