The Federal Government has unveiled a new framework to transform intellectual property into bankable financial assets.
The initiative is designed to unlock investment and drive growth in Nigeria’s creative economy.
The framework is titled Comprehensive Framework for the Development of Intellectual Property Commercialisation and Securitisation for the Creative Industry in Nigeria.
It was presented to the Minister of Art, Culture, Tourism and the Creative Economy, Hannatu Musa Musawa, under the ministry’s Afreximbank project on improving intellectual property protection.
Turning Creativity into Finance
According to the ministry, the framework was developed by L&A Legal in collaboration with key stakeholders.
It is the first of its kind in Nigeria to provide a roadmap for converting intellectual property into financeable assets.
The initiative is expected to create new opportunities for investment, financing, enterprise development and wealth creation across the creative industries.
The ministry described intellectual property as one of the most valuable assets in the creative economy.
It said unlocking its commercial value remains central to its vision for sustainable growth.
The framework establishes a pathway for the commercialisation and securitisation of intellectual property.
It enables creators and businesses to leverage copyrights, trademarks, patents and other intangible assets to access finance.
Strengthening The Creative Economy
The ministry explained that the initiative also forms part of efforts to strengthen Nigeria’s intellectual property ecosystem.
It aims to enhance protection for creators and position the creative industry as a key driver of economic diversification under the Renewed Hope Agenda.
The framework was developed under the ministry’s partnership with Afreximbank to improve intellectual property protection and monetisation in Nigeria.
Officials said the project would help creators secure financing, attract investors and build sustainable enterprises.
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