The National Office for Technology Acquisition and Promotion has revealed it received 1079 patent applications from Nigerian tertiary institutions and granted 400 national patents through the Federal Ministry of Industry, Trade and Investment as of May 2022.
The Director Technology Acquisition and Research Coordination department NOTAP, Mrs Carol Anie-Osuagwu, disclosed this while presenting a paper on Intellectual Property Rights Exploitation through Licensing.
She defined Intellectual Property according to the World Intellectual Property Organization as creations of the mind — everything from works of art to inventions, computer programmes to trademarks and other commercial signs.
She said this at a forum organised by NOTAP, an agency under the purview of the Federal Ministry of Science, Technology and Innovation in Bauchi State.
In a statement, signed by the agency’s Head, Public Relations and Protocol, Solomon Nshem, the Director noted that NOTAP supports and guides genuine IP holders who seek its assistance to exploit their IPs and implements the Federal Government’s policies on Technology Transfer Agreements.
Anie-Osuagwu stated that NOTAP had actively promoted the development of Intellectual Property Rights in Nigeria through the establishment of a functional Patent Information and Documentation Centre, the acquisition and dissemination of more than one million technological data contained in expired patent documents from WIPO, Geneva, and the establishment of 60 Intellectual Property and Technology Transfer Offices across tertiary Education and Research Institutes in Nigeria.
While speaking at the forum, the Director-General of NOTAP, Dr DanAzumi Ibrahim, said over 90 per cent of the technologies that power the Nigerian economy were foreign.
He stated that the forum would provide the needed cooperation between researchers and funding institutions to create the necessary impetus that would ensure that Research and Development outputs from the nation’s knowledge centers are moved to the market as products and services.
According to him, the agency has through its regulatory role of registration and monitoring of technology transfer agreements saved over N79.6bn from leaving the nation in form of capital flight and has initiated various programmes and policies such as; the Local Vendor Policy, NOTAP-Industry Technology Transfer Fellowship, and Upgrade of Chemical Laboratories in Institutions of higher learning/research institutes in a bid to stimulate indigenous skills development in Science, Technology, and Innovation.
While presenting a paper on CBN Instruments for Commercialisation of Patents (Protected R&D Results) at the forum, the Manager of the Development Finance Office of the CBN branch in Bauchi, Mr Umaru Ishaku, stated that the CBN has numerous facilities and grants available to researchers, inventors, and Innovators.