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DALIY TRIUMPH-Commission wants intellectual property, economic reform agenda married

             
                                                                                 
WEDNESDAY, OCTOBER 13 , 2004
   
     

Commission wants intellectual property, economic reform agenda married

The Director General, Nigerian Copyright Commission, Mr Adebambo Adewopo, has called on the federal government to integrate intellectual property into the country�s economic reform agenda.

�No matter whatever gains we have achieved in other areas of the economy through NEEDS, if we don�t integrate intellectual property we stand to gain nothing at the end of the day,�� Adewopo said at a News Agency of Nigeria (NAN) forum at the weekend in Abuja.

He said that issues concerning intellectual property protection should be properly handled to block the current leakages in the nation�s economy.

He noted that such leakages had hindered the nation from achieving rapid economic growth and development.

�What will be the achievement of government at the end of the day in all its monumental economic reforms programmes if everything it worked for is lost because intellectual property was not given the desired attention,�� he said.

He said that intellectual property protection of foreign investment should be accorded priority attention if major players in the global economy were to be attracted by the current reforms.

�We have major players in the global economy wanting to invest in Nigeria and the significance resources of the investment is intellectual property,�� he said.

He urged government to initiate processes that would assure and guarantee foreign investors the protection of intellectual property, stressing that such moves would open the flood gate to the needed investment that would turn around the country�s economy.

He also said that the commission was embarking on a legal reform of the nation�s copyright laws in the area of piracy and intellectual property.

�There is no doubt that the present law does not

adequately address the full weight and implication of piracy in Nigeria,�� he said.

He said that pirates were capitalising on the weakness of the present laws which allowed for few months imprisonment and fine of insignificant amount to cause destruction to the economy.

�What we need to do is to add few more months to the jail term and a little more thousands of naira to the fine as in the cases of armed robbery and theft to serve as a strong deterrent to the pirates,�� he said.

 

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