About $2 billion revenue, which yearly enters the nation’s economy from activities at Africa’s largest Information and Communications Technology Centre, Computer Village, Lagos, is currently under threat from counterfeiters.
This comes as operators in the market lament the impact of the economic recession on sales as they said that counterfeiting had increased by almost 50 per cent within three years of a major raid by the Standards Organisation of Nigeria on the market, located in Ikeja.
Besides the churning out of substandard products with their concomitant health and safety hazards, the nefarious activities also bleed the economy as manifested in the low volume of trade and revenue loss.
