A Pr�cis on Intellectual Property Rights: Challenges and Prospects for Nigeria's Economy

Olasunkanmi Olusogo Olagunju (olasunky004@yahoo.com)
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Olasunkanmi Olusogo Olagunju: Centre for Economic Policy Analysis and Research, Faculty of Social Sciences, University of Lagos, Nigeria Author-2-Name: Author-2-Workplace-Name: Author-3-Name: Author-3-Workplace-Name: Author-4-Name: Author-4-Workplace-Name: Author-5-Name: Author-5-Workplace-Name: Author-6-Name: Author-6-Workplace-Name: Author-7-Name: Author-7-Workplace-Name: Author-8-Name: Author-8-Workplace-Name:

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Abstract: Objective - This research study examines the benefits and advantages associated with Intellectual Property Rights (IPRs) in Nigeria's ecosystem. It scrutinises the contributions of safety or security of heroic inventions and innovations to economic growth. Methodology/Technique - With the adoption of institutional theory, this study examines the pertinent legal instruments, administration and challenges of IPRs in Nigeria. The paper is specifically built on content analysis, key informant interviews, and expert insights which are used to unearth the institutional framework for transforming IPRs into sustainable economic or financial assets. Finding - Based on content validity of the research, it is concluded that IPRs can be transformed into sustainable economic wealth or tangible financial resources with the creation of institutional apparatus for mitigating theft, piracy or illegal transfer of IPRs in Nigeria as well as other developing nations. Consequently, some key policy suggestions necessary to secure IPRs for economic growth or optimal performance are espoused in this study. Novelty - The paper makes findings relevant to how institutional weaknesses actually spearhead the growth of theft, piracy and illegal exchange or utilisation of intellectual resources of Nigeria. Type of Paper - Review.

Keywords: Institution; Rights; Economy; Property; Security; Administration. (search for similar items in EconPapers)
JEL-codes: K21 O1 O17 O31 O43 (search for similar items in EconPapers)
Pages: 9
Date: 2020-09-30
New Economics Papers: this item is included in nep-ipr and nep-law
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Published in Global Journal of Business and Social Science Review, Volume 8, Issue 3.

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