Nigeria loses US$325 million every year in customs duty and Value Added Tax (VAT) because of smuggled textile products coming into the country.

This was revealed by Abiodun Ogunkoya, chairman of the Nigerian Textile Manufacturers Association (NTMA).

Daily Trust quoted Ogunkoya saying that about 85% of textiles being sold in Nigeria are smuggled into the country.

He said that wax print fabrics produced in China carry fake trade marks of Nigerian manufacturers and counterfeit Standards Organisation of Nigeria (SON) markings.

Ogunkoya added that infrastructure problems such as poor power supply and Nigeria's bad roads are further making it difficult for local textile manufacturers.