The Federal Government records a loss of about N53 billion per year to the illegal importation of iron and steel products
According to Galvanised Iron and Steel Manufacturers Association, the illegal importation may lead to the collapse of up to 60 per cent in the production of galvanised iron and steel companies in Nigeria
The group’s consultant, Obiorah Ifoh says the development will result in loss of more than 50,000 jobs.
Mr. Ifoh adds that seven of its members have shut down operations as a result of the activities of illegal importers.
