Nigeria Loses About N15bn Annually To Counterfeit Products – SON
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.
Related Posts
Don’t let fake goods ruin your Christmas
The law states that all toys have to be safe but dangerous toys are still out...
Cops bust fake printer ink syndicate
KUALA LUMPUR: Police busted an international syndicate that been raking in...
Increases in tobacco tax opposed by businesses
Retailers and distributors urged state lawmakers Tuesday to snuff out a bill that...
Counterfeit industry tools seized in raids
DOHA: Thousands of counterfeit Stanley Black & Decker products were seized...