Online scams in Nigeria hurt investment and international business in the country

Every emerging third world nation needs help getting its products to world markets. They also need investment capital dollars coming into the nation so they can scale up their business efforts and grow their economies. In fact, there are big risk issues when investing in foreign emerging markets, but there is also the potential for big rewards and profits. One nation on the world map of emerging nations is Nigeria. It is an oil-rich country and has a lot going for it.

Nigeria also carries a bad stigma due to email scams and international wire transfer fraud coming from criminal elements within their nation. What is so unfortunate is that many business people in the United States and elsewhere have entered the nation of Nigeria through these email phishing scams. Now, it is highly unlikely that US companies would be willing to invest in Nigeria or hire Nigerian business partners.

Therefore, the country of Nigeria has developed a horrible reputation in the world and this will affect its future growth. Trust is critical when working with suppliers or business partners abroad, without it business investment money flows are reduced to a trickle and this hurts future potential. A question on many people’s minds when considering this issue is: Will Nigeria’s economic development and public relations teams be able to hold the fence and restore faith and trust in that country?

Would you trust someone from Nigeria as a supplier for your company? Would you trust someone who told you they were an official from Nigeria who wanted to offer you an investment opportunity? Think about it, do you see the problem there?