World Intellectual Property Day – Media Parley

The American Business Council the affiliate of the US Chamber of Commerce in partnership with Aluko &
Oyebode, Anti Counterfeit Collaboration and the US Embassy held a media parley with the media and
stakeholders on Intellectual Property to commemorate the World Intellectual Property Day. The
objective is to reiterate the importance IP issues with the media and stress its impact on businesses as
well as the impact to the Federal Governments revenue.
The American Business Council works with partners to advocate on Intellectual Property as well as
engage Public and Private Stakeholders to implement the necessary regulatory policies.
The Chairman of the Anti Counterfeit Collaboration Nigeria gave a brief history of ACC in Nigeria and the
role it played on advocacy and public sector engagements on the IPCOM Bill.
The CEO/Executive Secretary of the American Business Council, Margaret Olele shared with stakeholders
how the abuse of Intellectual Property impacts businesses such as investment, killing innovation and
also affects the tax revenues of the Federal Government. She stated that the Government needs to
know how much the Economy is hemorrhaging due to the lack of clear IP laws and also that ABC through
a documentary plans to show how businesses have lost millions of Naira from lack of IP Laws.
The US Embassy represented by Jennifer Woods, the Commercial Attaché of the US Mission to Nigeria
shared with the stakeholders US Government’s commitment to IP. She stated that effective IP
protection provides significant economic benefits. In the United States, IPR supports 45 million US jobs
and hundreds of millions of jobs all over the world.
The US Mission in partnership with the American Business Council, Anti Counterfeit and the US Chamber
of Commerce will be hosting a 2-day Intellectual Property Symposium in Lagos on the 16 th and 17 th of
September in 2019. The symposium is designed to create robust engagement with the public and
private sector. The symposium will highlight piracy and counterfeiting in the Pharmaceutical Sector
through a documentary film called BANE.
The event was proudly sponsored by Coca Cola.

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