A new report by the DAWN Commission has identified Southwest Nigeria as the epicentre of Africa’s largest and most diversified counterfeit goods economy, warning that the crisis is costing lives, damaging industries, and discouraging investment. The report, titled: “Southwest Nigeria Under Siege: The Counterfeit Shadow Economy”, said fake drugs, adulterated beverages, toxic cosmetics, sub-standard auto parts, and counterfeit electronics are deeply embedded in major commercial markets across the region. It estimated that counterfeit goods account for about 40% of products in Nigeria, while the shadow economy represents 57.4% of GDP,…
Read More‘Southwest Nigeria hosts Africa’s largest counterfeit economy’ – Report
