In Nigeria, it is not difficult to spot fake goods. Massive amounts of them are easily accessible on our streets, main roads, improvised stores, and even markets. But Nigeria is not the only country where this manufacturer’s nightmare is at play. This unlawful industry is so large that it is believed to be worth $450 billion, making it a global problem. A few of the many negative effects this underground market has on producers, customers, and authorities include tarnished reputations, lost income, linked health risks, and tax losses (the government).
Because counterfeiting may be a question of survival, especially for underdeveloped and emerging countries, the business is still thriving despite these enormous hazards. It is not unexpected that many customers who cannot afford to buy the genuine product find the fake product enticing given that counterfeit goods are supplied in Nigeria, where over 70 million people currently live in abject poverty. Here are a few of the goods that are most frequently imitated in Nigeria.
Medicines are one of the most counterfeited product in Nigeria.
The most commonly counterfeited product in Nigeria is probably pharmaceutical products, especially pharmaceuticals. According to the National Agency for Food and Drug Administration and Control (NAFDAC), it is the largest market for fake medications in the developing countries. According to the regulatory body, 13% to 15% of the pharmaceuticals in the nation are bogus. It has seized drugs worth 2 trillion naira ($4.8 billion) during the previous three years. Drug dealers in improvised pharmacies, online, and brick-and-mortar stores who dispense uncertified fake pharmaceutical products to unwary customers are the main drivers of the proliferation of these drugs on the market.
A lot of Nigerians often find these subpar goods appealing partly due to their decrease in price. However, they are followed by severe and life threatening health and financial repercussions. Thousands of individuals die each year from using bogus drugs, from internal bleeding, stomach ulcers and cancer to kidney failure. On a similar negative note, it puts companies and individuals in the health sector that offer real products’ profitability in jeopardy, which in turn discourages investments.
Products in circulation does not correspond with these outlets’ capability.
Another sector that is troubled by this issue is the fashion industry, from shoes to jewelry. Top fashion labels with high-end prices like Gucci, Louis Vuitton, Jordan, and Adidas have had their luxury goods faked to cater to the demands of people who lack the means to use the brand. In Nigeria, some of these designer labels have few retail locations. Therefore, it becomes obvious there is a murky market when the volume of products in circulation does not correspond with these outlets’ capability. Roadside shops, markets, and social media vendors have all emerged as popular sources for these counterfeit goods.
For instance, prior to its official sale date by Nike during the 2018 World Cup, reproductions of the Super Eagles shirt were available in markets. The transaction was so explosive that a broker told BBC that he had sold more than 3,000 pieces before the scheduled release. While some of these products are clearly counterfeit, others have distinctive attributes that deceive many consumers into believing they are buying genuine goods. People now view it as a reliable and alternative source for assimilating into a fashion culture or trend, which is why it has gained popularity.
Fake automotive parts are used by mechanics to cut down costs.
There’s a good chance that if you’ve ever been to a mechanic’s shop in Nigeria, you’ve seen the use of fake automotive parts. Since it allows technicians to save money, the market is booming. According to the Standards Organization of Nigeria (SON), around 75% of the vehicle parts in the nation are bogus. It is not unexpected that they need repairs frequently because the majority of cars brought into the nation are second-hand foreign vehicles.
Related Link
CIA: Website
Fact-Checking Tool – Snopes.com
Products that are somewhat fake in Nigeria – Counterfeit products are readily available across the nation. – Express your point of view.
We should be able to regulate the usage of products. It is pathetic we have a lot of fake products out there in Nigeria. It will affect us if we don’t check them.
Given that counterfeit goods are offered in Nigeria, it is not surprising that many consumers who cannot afford to purchase the original thing find the imitation product alluring.
There’s need to check all stores. Stores who dispense uncertified fake pharmaceutical products are main driver of the sales of these drugs. Perpetrators should must be seriously dealt with, these are harmful drug that will potentially lead to something else in the body system.
Check every store. These medications are sold mostly by unlicensed pharmacies. These dangerous drugs might cause other health issues, so perpetrators should be punished.
We ought to have the ability to impose restrictions on how products are used. It is embarrassing that there are so many imitation goods available in the market in Nigeria. If we don’t check them, it will have an effect on us.
It is not shocking that many buyers who cannot afford to buy the genuine article find the copycat product enticing given that counterfeit goods are sold in Nigeria.
Tracing fake products would have been easier if every store was registered. Buh then there are numerous stores in the local neighborhood that the government and its agencies don’t know about. S it makes it easy for these people to sell fake drugs
If all stores were registered, bogus products might have been traced. The government and its authorities are unaware of many local stores. So they can sell bogus medications easily.
This nightmarish scenario for manufacturers is not unique to Nigeria but occurs in other countries as well.
This terrible scenario for manufacturers is not unique to Nigeria; it occurs in a number of different countries.
Despite the immense risks involved, the counterfeiting industry is still booming. This is especially true in developing and rising nations, where it may be a matter of life or death to engage in such activity.
Products that are somewhat fake in Nigeria. They should be some security in charge watching and checking all this product
Given that Nigeria is a market for counterfeit goods, it should not come as a surprise that many buyers who lack the financial means to purchase the real product find the imitation product to be more appealing.
The growth of these drugs is mostly attributable to drug dealers who, either online or in physical storefronts, sell unlicensed counterfeit pharmaceuticals to unsuspecting buyers.
When the amount of products that are being sold does not correspond with the capacity of the outlets that are available, it is clear that there is a shady market.
The growth of these drugs is mostly attributable to drug dealers who, either online or in physical storefronts, sell unlicensed counterfeit pharmaceuticals to unsuspecting buyers.
Nigerians do not believe health is wealth because if they do definitely our country will not be dumping ground for counterfeit drugs of all shades despite government attempt to curb all these it I still prevailing.
We need to keep in check of all product to find out the fake product and stop it there are alot of fake product in the country which can cause damage to the body all this harmful drug should be stop in consuming
There are counterfeit products in every part of the country. A lot of lives have been lost due to this. I think federal government should look into this area too and address it.
We have so many fake and counterfeit products that flooded Nigerian market. The one of major concern is drugs in which there are counterfeiting drugs endangering lots of lives. Government should intervene and correct this anomaly.