The Federal Government has unveiled plans to restructure Nigeria’s Trademark Registry and reform the country’s intellectual property (IP) laws and regulations. According to Dr. Jumoke Oduwole, Minister of Industry, Trade and Investment, the initiative aims to establish a National IP Policy that drives innovation, attracts investment, andenhance Nigeria’s global competitiveness.
Addressing the African Continental Free Trade Area (AfCFTA), the Minister assured that Nigeria has implemented trade safeguards to prevent dumping while advancing its export agenda. Minister of State, Senator John Owan Enoh, further disclosed ongoing talks with the International Finance Corporation (IFC) to establish a national carbon market and highlighted the creation of the Industrial Revolution Work Group to tackle unfair competition and improve energy access for manufacturers.