War against Fake Products Comes With Fresh Laws

There is a new route towards ascertaining the war against the manufacture and importation of sub-standard products in Nigeria as the federal government comes up with new plans that will with enable laws to prosecute fake products offenders.

At the opening ceremony of the 25^th Lagos International Trade Fair, in Lagos over the weekend, the Minister of Trade and Investment, Mr.Olusegun Aganga, revealed this. He stated that the move was part  of the ministry’s renewed efforts towards increasing the  patronage of made-in-Nigeria products, boost the productive capacity of local industries and make them more  competitive in the global market place.

As the ministry is undergoing a re-structure towards ensuring that products manufactured or imported into the country met global standards, he revealed that the ministry was partnering with the private sector to remove the barriers to increased productivity in order to create jobs, generate wealth and grow the country’s economy.

In a bid to make Nigeria one of the top 20 developed nations in the year 2020, he stated, “To achieve this, the Ministry of Trade and Investment, through the Standards Organization of Nigeria recently launched Operation Zero  Tolerance for substandard  products. And in order to ensure compliance, a consumer desk has been established in major markets in the country. Also, an enabling law is being put in place to prosecute offenders.”

The plan that is put in place to promote the economy includes the elimination of obstacles to maximal industrial production as well as the introduction of a  credit guarantee scheme to support the purchase of made-in-Nigeria  products.