An Outlook of Nigeria's Intellectual property Reforms That Will Impact Foreign and Local Businesses from 2023

Every prudent CEO understands that there are two aspects of company assets – tangible and intangible assets (especially intellectual property). These two twin towers must be factored in when planning, executing or amending a company’s business model. Indeed, laws and policies of government impact business models (activities) and assets. This is why many companies spend a lot on regulatory awareness and even politicking. Companies must be abreast of laws and policies before they are passed or come to force. What many ignore is the laws and policies impacting intangible assets. Ignored, these laws or policies in the long run affect tangible assets as well. This is an outlook of Nigeria's intellectual property reforms that will impact foreign and local businesses from 2023