The Standards Organisation of Nigeria (SON) has said the country has lost N1.6 trillion so far this year to the sale of substandard products.
It lamented that substandard motor lubricants account for N250billion yearly loss to the economy.
A representative of SON, Benedict Preke, who spoke during the anniversary ceremony of MotorMechanics and Technicians Association of Nigeria (MOMTA) at the Lagos Chamber of Commerce and Industry (LCCI) office yesterday in Lagos, lamented the loss of N1.6trillion to the patronage of substandard products.
The occasion which was had: Effects of Adulterated/Sub-standard Lubricants and Fake Spare Parts in Nigeria Automobile Industry as its theme, brought speakers from both the public and private sectors together to proffer solutions to the problem.
Also speaking, the Managing Director, MRS Oil Plc, Andrew Ndume, lamented that N250billion is lost from the sale of fake and adulterated lubricants yearly across the country.
Preake advised end users, particularly the auto mechanics, to the use of standard products and parts, he said government was looking seriously at ways of enforcing standards in the operations of mechanics and ways of imposing stiffer sanctions on fakr auto products peddlers in the country.
“We advise end users to adhere to standards. When you buy products, ensure you get receipt and if upon discovery that a product is fake, report to SON. After investigation, if found to be true, your money will be refunded to you by the seller,” he assured.
Ndume said the enforcement of local content policy in the lubricant sub-sector and insistence of MOMTAN members to use only standard lubricants to service their client’s automobiles will help curb the problem.
In his welcome address on the occasion, Chairman, Lagos State chapter of MOMTAN, Alhaji Moruf Arowolo, said the purpose of the topic was to let the government and the public know and appreciate the problems mechanics face especially in the area of lubricants and motor spare parts.
He said: “The effect of substandard oil and motor parts is an important issue that needs urgent attention and remedy; this is seriously affecting the jobs of mechanics in the country as clients no longer have confidence in us. They believe that we are the ones using such products for them causing damages to their vehicles.”