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VOL. 7, ISSUE 4 (2025)
Rethinking intellectual property protection and business growth in Nigeria: A conceptual and theoretical examination
Authors
Akinsola O K, Agboke M O
Abstract
Intellectual property protection is
increasingly recognised as a critical driver of innovation and sustainable
business growth, particularly in developing economies such as Nigeria. This
paper examines the theoretical linkages between intellectual property rights
(IPRs) and firm performance, integrating insights from Schumpeterian Innovation
Theory, the Knowledge-Based View, and Dynamic Capabilities Theory. It
highlights how robust IP policies stimulate creativity, safeguard
organisational knowledge, and enhance adaptive capabilities, while weak
enforcement undermines innovation, competitiveness, and investment confidence.
Sector-specific implications across technology, entertainment, and
manufacturing industries are discussed, alongside the challenges posed by
institutional gaps and limited enforcement capacity. The study provides a
conceptual framework linking IP protection to business growth, offering
actionable insights for policymakers, innovators, and SMEs. It contributes
theoretically by demonstrating how IP functions as both a legal mechanism and a
strategic resource, enabling firms to achieve sustained competitive advantage
in Nigeria’s evolving economic landscape.
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Pages:142-146
How to cite this article:
Akinsola O K, Agboke M O "Rethinking intellectual property protection and business growth in Nigeria: A conceptual and theoretical examination". International Journal of Law, Policy and Social Review, Vol 7, Issue 4, 2025, Pages 142-146
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