According to a statement from the State House on Saturday,
the policies were presented by Jumoke Oduwole, minister of industry, trade and
investment, and mark a major step toward diversifying the nation’s economy
under President Bola Tinubu’s renewed hope agenda.

“The policies are designed to strengthen Nigeria’s
intellectual property ecosystem, unlock opportunities in digital trade, and
expand the country’s footprint in the global services export market,” the
statement said.

The three approved policies include the national
intellectual property policy and strategy (NIPPS), the ratification of the
AfCFTA protocol on digital trade, and the national coordination mechanism for
services exports, led by the national talent export programme (NATEP).

The statement said the NIPPS is Nigeria’s first unified
framework for protecting and commercialising intellectual property rights.

The policy connects innovators, creators, and investors to
turn ideas into economic assets, transforming creativity into capital.

“Developed with support from the World Intellectual Property
Organization (WIPO) and inputs from over 200 stakeholders, NIPPS positions
Nigeria as a regional hub for intellectual property and innovation in West and
Central Africa,” the presidency said.

The AfCFTA protocol on digital trade, the statement added,
cements Nigeria’s leadership in shaping Africa’s digital economy.

“It establishes continent-wide standards for e-commerce,
data governance, cybersecurity, and consumer protection, providing a
predictable environment for digital transactions,” the statement said.

The State House added that the ratification positions
Nigeria as a policy-shaping leader in Africa’s $3.4 trillion single market,
paving the way for new opportunities in fintech, e-commerce, and creative
technology enterprises.

The presidency also said the mechanism for services exports
is aimed at strengthening Nigeria’s competitiveness in global services.

“It seeks to create one million new jobs and contribute $10
billion annually to GDP by 2030, positioning Nigeria as Africa’s hub for
digital outsourcing and professional services,” the statement said.

The State House added that the three reforms signal a bold
new chapter in Nigeria’s economic transformation where ideas, data, and talent
drive growth, industrialisation, and sustainable prosperity.