The sale of counterfeit products is a problem in most countries. Every year, about 7% of world trade, valued at about 280 billion USD, is lost due to counterfeiting. In the information technology sector, products worth an estimated 20 billion USD are currently in circulation. But the huge financial losses incurred by manufacturers and individual customers as a result of the trafficking of fake goods are overshadowed by the tragic human costs: the pharmaceutical industry, and consequently the marketplace, are flooded with counterfeits. In this article, Dora Akunyili warns of the dangers of low public awareness of these potentially lethal products and describes the campaigns and strategies to protect the public in Nigeria and other countries in Africa.
Africa, Nigeria, counterfeits, NAFDAC, cross-border legislation