'MSMEs' intellectual property protection cost high' : vimars

'MSMEs' intellectual property protection cost high'


By
Wed Apr 21 2021
The Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) has decried the high cost of protecting the intellectual property for the products of Micro, Small and Medium Enterprises in Nigeria.
The Director General of SMEDAN, Dr Dikko Umaru Radda, said this in Abuja on Tuesday during a briefing on the forthcoming World Intellectual Property Day slated for April 26.
He called on all relevant agencies to reduce the cost of acquiring intellectual property rights for small businesses.
Dr Radda said many MSMEs in Nigeria are not aware of the legal protection of intellectual property and urged the World Intellectual Property Organisation (WIPO) to intensify sensitisation at the grassroots level. The Country Representative of the WIPO, Mr Oluwatobiloba Moody, said the 2021 World Intellectual Property Day will be held on April 26 with the theme: ‘IP and MSMEs: Taking your Ideas to the Market’.

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