The experts in intellectual property valuation are advocating for the involvement of trained estate surveyors and valuers from the Nigerian Institution of Estate Surveyors and Valuers in the creative industry. They emphasize the importance of utilizing experts in economic and financial matters for valuations within the creative sector.
The recent approval by the Federal Government to establish a Creative Economy Fund has garnered support from the Chairman and facilitator of the Faculty of Business Assets and Intellectual Property Valuation. The fund, backed by $200m from AfreximBank, aims to support individuals in the creative industry. There is a call for inclusive consultations with relevant stakeholders, particularly registered valuers, to ensure the success of this initiative.
The experts commend the government for the initiative, highlighting its potential to provide opportunities for youths and steer them away from unemployment. They stress the need for professional groups or associations within the creative industry to facilitate effective communication and management of the fund.
It is emphasized that trained valuers specializing in intellectual property assets play a crucial role in the project’s implementation. There is a growing market for valuing intangible assets, and continuous skill development is essential to tap into the vast opportunities presented by the creative industry.