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.

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