70 % of textile workers lose jobs to fake products

Over 70 per cent of textile workers in Nigeria have lost their jobs to closure of textile manufacturing companies and fake clothing materials from China, just as global counterfeiting estimate could hit N1.7trilion by next year, an Executive of International Trademark Association (INTA), Lara Kayode, has said.
Speaking on the sidelines of a stakeholders’ summit on counterfeiting of products in Nigeria, Lara, whose organisation is committed to curbing the proliferation of counterfeiting goods through advocacy, said companies and manufacturers have lost huge revenue to the activities of fake producers. Continue Reading