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Purpose

This paper aims to point out the vital role an effective regulatory regime can play in any sector of a nation's economy.

Design/methodology/approach

The paper uses the regulatory mandate of the Nigerian Copyright Commission on the Nigerian copyright‐based industries as an example.

Findings

The paper underscores the vital role of an effective regulatory regime in facilitating the growth, development and crisis prevention in any sector of a nation's economy.

Originality/value

The paper advocates an adoption of an effective regulatory regime to prevent a reoccurrence of the global financial crisis.

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