NIGERIA

Legal updates: case law analysis and intelligence

• – An inter-ministerial committee has recently been inaugurated to review Nigeria’s draft IP policy and strategy
• – Key changes in the Nigerian IP landscape may be anticipated if the policy is finalised and approved
• – Existing legislations will be reviewed and amended to align with the TRIPS requirements and to incorporate emerging
  trends and best practices

On 30 May 2024 the Ministry of Industry, Trade and Investment inaugurated an inter-ministerial committee to review Nigeria’s draft IP policy and strategy. This initiative aims to enhance the draft National IP Policy and Strategy initially validated in September 2022. The committee’s responsibilities include updating the draft policy for submission to the Federal Executive Council and revising national IP legislation to align with international standards.

This development marks a significant stride towards modernising Nigeria’s IP framework, as the current draft contains a myriad of strategic policy moves poised to reshape the country’s IP landscape. This update delves into the focus of the policy based on the current draft and discusses the anticipated developments should this draft policy be approved by the executive council and implemented.

Read the full article.

This article first appeared in WTR Daily, part of World Trademark Review, in (June/2024): https://www.worldtrademarkreview.com/article/nigeria-moves-towards-finalising-its-ip-framework-key-developments-and-future-prospects