BRAND PROTECTION AND TRADEMARK LAW IN NIGERIA. CURBING COUNTERFEITS IN THE PHARMACEUTICAL INDUSTRY
Following the changed economic and socio-political environment in Nigeria since 29th May, 1999, there has been an increasing consciousness for the protection of intellectual properties and trade marks inclusive, under the new and more investor-friendly atmosphere due to the counterfeiting of trade marks. Despite the fight against counterfeiting, estimates put the losses from counterfeiting suffered by trade mark owners doing business in Nigeria in billions of naira. The continuous thrive of trade marks counterfeiting has greatly hampered economic and industrial growth and development in areas I call: “Red Trading Zones”. There is therefore a dire need to structure an effective anti-counterfeiting strategy to combat the menace of trade marks counterfeiting.
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