Committee Against Smuggling and Counterfeiting Activities Destroying the Economy

Nigeria Loses About N15bn Annually To Counterfeit Products – SON

October 30, 2014 by admin Uncategorized 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

Counterfeit goods easily available, but not always easy to spot
July 31, 2015

As the world has grown smaller, more and more foreign-made goods are hitting our...

Nigeria Loses About N15bn Annually To Counterfeit Products – SON
October 30, 2014

An estimated N15 billion is lost annually to fake or counterfeit products in...

Hong Kong seizes fake Gucci, Hermes, other goods worth HK$65 million during major sale
November 21, 2025

Hong Kong customs has seized 120,000 suspected counterfeit items in a...

More than 1,000 containers of illicit alcohol seized at border
August 7, 2017

More than 1,000 containers of illicit alcohol have been seized at the...