The Director-General of NAFDAC, Mojisola Adeyeye, put the street value of the confiscated and destroyed fake products at over N750 million. “Four trailers cannot carry the fake products we moved out from here.”By all accounts, fake and adulterated products have become a major problem in Nigeria with devastating effects on the health of citizens, local manufacturers, and importers of genuine products. Undoubtedly, Nigeria has had a long battle with fake and substandard products; only the methods and the scale of proliferation have changed. Aside from this, counterfeit products also have adverse economic effects. An estimate by PwC, a global consultancy, indicated that Nigeria loses about N200 billion annually to counterfeit medicines (excluding substandard drugs).

Source: Punch December 26, 2023 12:47 UTC