Friday, August 29, 2008

Nigeria: Piracy - Robber of Intellectual Property

While piracy accounts for almost 7% of all global trade, Nigeria accounts for 80% of the pirated international music CDs. In this illustrative essay, Michael Dibie captures the damaging effect of piracy on global trade.

Nigeria's status as a favourable destination for foreign direct investment as well as a place where local creative talent can flourish is in jeopardy. No thanks to the activities of criminals that place no value on intellectual property (IP). That was the alarming message from a panel of experts who debated the enforcement of IP rights at the opening day of the CTO business and technology summit in Lagos recently.

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