BASCAP: Launch of Report “Promoting and Protecting Intellectual Property in Nigeria” “The Dynamic Role of Intellectual Property in Promoting Innovation and Economic Development in Emerging Markets” Lagos, Nigeria July 2015 Babatunde Savage, Chairman, ICC Nigeria Olubunmi Osuntuyi, Secretary General, ICC Nigeria

Session outline 1)About BASCAP 2)About ICC Nigeria 3)Promoting and Protecting IP: – Influencing governments – In-country activities – Reports: IP in Kenya, Proceeds of Crime, Intermediaries in the supply chain – Public awareness – I Buy Real 4)BASCAP Report - Promoting and Protecting IP in Nigeria 5)Questions 2

Connect across industry sectors Pool resources Amplify business voice Establish issues as public policy priority Push for allocation of resources, high standards and stronger enforcement Improve awareness 3

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Nigeria became a member of ICC over 30 years ago, sequel to the realization of the benefits, which business community could derive from mainstreaming into the international global market. Following its reorganization in 1999, ICC Nigeria (ICCN) has sustained its growth pattern and relevance in this world body. ICC Nigeria is a distinct and independent body different from other chambers in the country, in the sense that, it provides platform for members to tap international business practices and opportunities within a broad network of over 130 countries, with National Committees linked to ICC Headquarters in Paris. 5

ICCN Members in the different sectors of the economy have direct involvement and active participation in Rule Setting through ICC Commissions, which concentrate on broad issues of trade and investment, as well as on vital, technical and sectored subjects. These includes; Arbitration & ADR, Banking Technique & Practice, Commercial Law & Practice, Customs & Trade Regulations, Competition Law, Marketing & Advertising, Intellectual Property, Anti-corruption, Environment, Taxation, Trade & Investment, among others. Members of ICC Nigeria enjoy cross border links with other important and influential senior executives from the world's top companies that are extremely keen to strengthen their ties and partnerships with the country. Members of ICC Nigeria have access to highly subsidized training and development programmes that are facilitated by world-renowned experts and intellectuals. Being the authorized and sole Training body for the Incoterms® 2010 and in partnership with the International Finance Corporation, trains on the IFC FIT Initiative, ICC Nigeria provides international training platform for members to promote best practices and global standards. For more information, please visit 6

Promotion and Protection - Influencing government 7

Promotion and Protection – In-country activities BASCAP has initiated projects in high priority countries to fight for stronger national IP regulations and enforcement and to influence government actions, partnering with the local industry groups or leading the formation of national coalitions Through ICC National Committees: Development for initiatives in India, Russia and Morocco underway in

Promotion and Protection - Reports Promoting and Protecting IP in Kenya Confiscation of the Proceeds of IP Crime: A modern tool for deterring counterfeiting and piracy Roles and Responsibilities of Intermediaries: Fighting counterfeiting and piracy in the supply chain 9

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“Promoting and Protecting Intellectual Property in Nigeria” BASCAP Nigeria Report 11

1.Raise awareness of IPR’s importance and potential value 2.Review current situation of counterfeiting and piracy across key sectors in Nigeria 3.Identify paths of action and potential collaboration to strengthen Nigeria’s IP system 4.Suggest a comprehensive set of policy and legislative recommendations to help Nigeria establish a robust IP protection and enforcement regime Objectives of the Report 12

IP benefits the economy IP attracts FDI IP promotes innovation IP promotes R&D and technology transfer IP helps firms monetize their inventions and grow IP protection helps small and medium enterprises IP benefits consumers and society Intellectual property is important to Nigeria’s economic growth and development 13

The Situation in Africa – Pharmaceutical industry – Entertainment and creative industries – Risks of counterfeiting and piracy Risks associated with counterfeiting and piracy in Nigeria The Situation in Nigeria – Challenges in Nigeria – Vulnerable sectors Music & Films Pharmaceuticals Software Piracy Piracy of books Textile 14

Cooperation with national and international actors Assessment of local initiatives to stop counterfeiting and piracy Further actions and areas of opportunities Time is right for Nigeria to further improve its IP regime 15

Introduction Legislative recommendations 1.Improve and expedite civil judicial enforcement procedures 2.Strengthen IP legislation and ratify IP international agreements 3.Improve action against Internet infringements 4.Improve border enforcement 5.Address deficiencies in criminal procedures Recommendations for a path forward 16

Policy recommendations 1.Establish an inter-agency approach and enhance collaboration between the Nigerian regulatory agencies administering and enforcing IP rights 2.Establish an inter-agency approach with private sector coordination 3.Expand IP-related administrative and technical capacity building 4.Increase public and political awareness of counterfeiting and piracy and the associated economic and social harm Recommendations for a path forward 17

Conclusions Counterfeiting and piracy limits Nigeria’s economy from achieving its maximum potential; putting both jobs and consumer health at risk. Nigerian government have to collaborate with public and private actors at local and international level to fight counterfeiting and piracy A strong IP system is necessary to stop counterfeiting and to bring back confidence to business and consumers 18

Questions?

Thank you! For more information please visit BASCAP Contacts: Jeffrey Hardy – DirectorTracy Faustin – Project Manager William Dobson – Deputy Director ICC Nigeria Contacts: 20