Economy loses N22.7bn to substandard imports this year — SONEconomy loses N22.7bn to substandard imports this year — SON boss Nigeria

Advert Africa
Advert Africa
2 Min Read

The nation’s economy lost about N22.7 billion to importation of substandard goods this year, the Director General of the Standard Organisation of Nigeria, SON, Osita Aboloma, has said. DIRECTOR-General SON, Osita Aboloma Disclosing this yesterday at a sensitisation workshop for maritime stakeholders held in Lagos, Aboloma said the substandard goods which were seized during this period have either been destroyed or awaiting destruction.

He, however, noted that the destruction of the products is not just a loss to the economy but a means of safeguarding the lives and properties of Nigerians from the harmful effect of these products. He said some of the affected items include tyres, electric cables, liquefied petroleum gas (LPG) cylinders; lubricants, communication cables, unfortified sugar, among many others.

He stated: “The Nation’s economy and the lives of Nigerians are also further endangered due to the influx of substandard goods. It is worthy to note that the value of substandard products that the SON has seized in the past one year is estimated to be over N22.7 billion, both destroyed and awaiting destruction. “The essence of this workshop is to interact with you maritime players, to discuss import/export businesses, with the objective of getting you deeply committed to doing the right things, especially concerning import processes and procedures. But Aboloma lamented that non-involvement of SON at some Ports of entry in the country has continued to pose challenges, particularly to the agency’s compliance and monitoring units. “In some Ports, SON only gets invitation for cargo examination when deemed necessary”, he stated.

Source: vanguardngr.com

TAGGED:
Share This Article
Follow:
Welcome to Afronewswire.com, your premier destination for exploring the vibrant tapestry of African history, culture, business, and talent. Powered by Advert Africa, we offer an immersive journey into the heart of the continent's diverse narratives. Embark on a journey of discovery with Afronewswire.com, where every click unveils a treasure trove of insights and stories. From ancient civilizations to contemporary innovations, we are dedicated to showcasing the dynamic essence of Africa. Whether you seek the latest news, insightful features, or effective brand management solutions, Advert Africa stands as your trusted partner. Elevate your online presence and engage with a global audience through our comprehensive services. Connect with us today via call or WhatsApp at +233531868098, and let's illuminate the world with the richness of Africa together. Explore Afronewswire.com and experience the power of African storytelling at your fingertips.
Leave a comment

Leave a Reply

Your email address will not be published. Required fields are marked *