A multifaceted threat: Economic and social impacts of counterfeiting in Nigeria

Counterfeiting is the illegal production and distribution of fake or unauthentic goods, ranging from luxury items to medicines, and electronics. This illicit activity has significant economic and social impacts, posing risks to businesses, consumers, and public safety. Counterfeiting is a global issue that is not peculiar to our Nigerian context alone, and it comes with damaging economic and social consequences.