DanAzumi Ibrahim, Director-General of the National Office for Technology Acquisition and Promotion, stated that Nigeria is now exporting software across Africa, emphasizing the importance of developing a policy to regulate the importation of software content.
Ibrahim made the remarks while launching a two-day Naija Inventor/Innovator workshop in Abuja titled ‘Commercialisation of Innovation/Invention as a Tool for Economic Diversification and Growth in the Nigerian Economy’.
The DG stated that developed countries benefit from royalties because they have been able to protect and commercialize their research and intellectual assets.
According to him, no country can develop unless it pays close attention to innovation. He stated that the agency was collaborating with the Association of Nigerian Inventors (ANI) to educate people on the importance of patenting their inventions and innovations to commercialize them.
Ibrahim stated that Nigerian researchers and ANI members have demonstrated competence and a desire to establish a presence in the Nigerian market through the commercialization of their inventions and innovations. He urged ANI members to apply for patents through NOTAP to ensure that their inventions are protected.
Stella Ezenduka, Chief Registrar, Trademarks, Patent and Design Registry, stated in her paper titled ‘Importance of Trademarks in Product Development and Marketing’ that the importance of patenting inventions and innovations cannot be overstated because a patent grants the owner an exclusive right and monopoly to financially exploit their inventions for twenty years.
She lamented that Nigerian researchers had lost fortunes by exposing their inventions before filing for a patent, adding that intellectual work copyrighting allows the owner to recoup their investment in research.
Recall that, The Nigerian Institute of Electrical and Electronics Engineers (NIEEE) applauded the Nigerian Communications Commission’s (NCC) leadership for leading the pace for the 5G rollout in Africa.