Japan to Help Nigeria Battle Fake Items

To fight against substandard and fake products in the country, the Japanese Government has undertaken the responsibility to assist Nigeria in the same.

In a conversation with the News Agency of Nigeria (NAN) in Lagos recently, Mr Taku Miyazaki, the Trade Commissioner, Japan External Trade Organization (JETRO) made this vow and said shoppers and financial specialists should be shielded from the negative effects of duplicating, which had demolished the economy, business ventures and worldwide exchange connections.

As indicated by him, his legislature will team up with applicable government offices in Nigeria to help boost personnel through different workshops to distinguish phoney and substandard items and securely protected innovation.

According to him, the unfair business practice was one of the biggest worries of investors in Nigeria. He further stressed on upgrading the skills of customs authorities and those of other important offices to promote financial development, flourishing and economic improvement.

He also added that to enhance the economies of the United Arab Emirates (UAE), India besides other Asian countries, the Japanese government has utilised the training in these countries also.

He was sure that the arrival of these training to Nigeria would help the Federal Government to actualise the goals its Economic and Recovery Growth Plan (ERGP), plug income spillages and manufacture a virile economy.

“It will be a win-win circumstance for the two nations. Trust will be upgraded, exchange volume, ventures and profitability will build,” he said.

Miyazaki said it was basic to take part in satisfactory sensitisation of shoppers, manufacture solid establishments and requirement ability to adequately handle duplicating.

Owing to counterfeiting, since 2000, more than one million Nigerians working in the textile companies had lost their business, The Standard Organization of Nigeria (SON) uncovered.

According to the estimates of industry experts, a huge amount of N15 billion is lost every year because of counterfeiting leading to the crumple of numerous manufacturing units.