Breaking News

Nigeria losing 3b dollars annually to piracy – Commission

The Nigerian Copyrights Commission (NCC) on Friday disclosed that Nigeria was losing three billion dollars annually to activities of pirates.


Director-General (DG) of the commission, Mr John Asein, made the disclosure at the 2019 World Intellectual Property Day with the theme, `Reach for Gold’: IP and Sports,’’ held in Abuja.

Asein, represented by the Director, Legal Services, Mr Abdul TerKohol, urged the government to put adequate, responsive and effective legal frameworks for the protection and enforcement of sporting and associated industries rights.

He said with the advent of new technologies, the task of sport-related copyright had become more daunting.

Also read: NCC pledges stepping up protection of authors’ intellectual property

The DG also noted that the expansion of high-speed internet around the world, the proliferation of portable devices and the rise of online streaming platforms, had made tackling the illegal exploitation of rights more difficult.

“Thousands of websites that illegally stream sporting and entertainment content in real time threaten the copyright in the content.

“For the full potential of the sporting and associated industries to be realised, countries must put in place adequate, responsive and effective legal frameworks for the protection, administration and enforcement of rights.

“The intellectual property system, especially copyright, offers a practical and effective mechanism for achieving this.’’

According to Asein, intellectual property, particularly copyright, lies at the heart of the commercial exploitation of sports and contributes substantially to the growth of a community of players and fans whose net worth is more than 300 billion dollars.

He said that Nigeria occupied a unique place in the world of sports given its exploits and remarkable successes in various sporting events.

He urged stakeholders to continue to support the government in its determination to build a functional copyright system that would deliver the expected dividends to right owners and guarantee the sustainable development of sports.

Asein also advised beneficiaries from the intellectual property system to commit some of their earnings to rebuilding infrastructure required to keep the system functional.

He said the commission was prepared to collaborate with interested stakeholders to promote respect for intellectual property and complement government’s commitment to growing human capital in today’s knowledge-driven economy.

Director, Public Affairs of the commission, Mr Chukwuemeka Ngene, said the significance of the day was to raise global awareness on the nature, contribution and importance of the intellectual property.


All rights reserved. This material and any other digital content on this platform may not be reproduced, published, broadcast, written or distributed in full or in part, without written permission from VANGUARD NEWS.


Comments expressed here do not reflect the opinions of vanguard newspapers or any employee thereof.