Committee Against Smuggling and Counterfeiting Activities Destroying the Economy

Nigeria Loses About N15bn Annually To Counterfeit Products – SON

October 30, 2014 by admin News 0 comments

An estimated N15 billion is lost annually to fake or counterfeit products in terms of tax revenue to the government, income to local manufacturers and employment generation to Nigerians.

The director, Legal Services, Standards Organisation of Nigeria (SON), Suleiman Kawo, dropped this hint when the agency hosted the staff and management of the Nigeria Institute of Policy and Strategic Studies (NIPSS), Kuru, who came on a study tour of the agency in Abuja.

Prev
Next

Related Posts

Rs 9.2-cr worth foreign cigarettes seized at port
February 4, 2025

CHENNAI: Directorate of Revenue Intelligence (DRI) sleuths seized 4.6 lakh...

Fake cement hits Malawi market
December 13, 2015

One of the cement manufacturing companies in Malawi, Lafarge, has expressed...

Transcarpathian smugglers to be sent to fight in Donbas
July 22, 2015

Three smugglers caught red-handed will be sent to the military enlistment office...

Counterfeit Avastin shipped to Europe as well as US
February 14, 2014

Counterfeit versions of Roche's cancer drug Avastin, which caused a stir in the...