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Harnessing the Economic Benefits of Intellectual Property Rights in Nigeria: Towards a Strategic Development Paradigm

The international system, through the World Trade Organisation (WTO), has assumed the driving seat in positioning the world’s Intellectual Property Rights (IPRs) regime to achieve maximum economic yield through a system of effective regulation. This Chapter reflects on the implications of the current regime for a developing country like Nigeria, in terms of how the country can harness benefits from the current regime through a Strategic Development Paradigm (SDP). The Chapter proposes an informed and carefully planned policy approach to the implementation of IPRs under the TRIPS Agreement.