An Investigation of the Severity, Causes, Impact and Actions Against Counterfeiting and Smuggling in Nigeria

Abstract

This paper provides evidence-based information through survey that counterfeiting and smuggling are severe
problems to the manufacturing sector and the economy of Nigeria and with significant negative effects. The several factors
facilitating the counterfeiting and smuggling activities and the subsisting initiatives against these illegal undertakings were
explored. A major reason uncovered why these initiatives have not been effective in curtailing the menace of counterfeiting and
smuggling is the lack of coordination among stakeholders. The paper therefore concludes that to make success of the fight
against counterfeiting and smuggling and their undesired effects on businesses and the economy requires an integrated
approach from stakeholders. Accordingly, a number of recommendations are proposed.