Nigerian online scams harm international business and investment in the country

Nigerian online scams harm international business and investment in the country

Every emerging third world nation needs help to get its products into world markets. They also need investment capital dollars coming into the nation so they can scale up their business ventures and grow their economies. There are indeed huge risk issues when investing in foreign emerging markets, but there is also the potential for huge rewards and profits. One nation on the world map of emerging nations is Nigeria. It is an oil rich country and has many advantages.

Nigeria also has a bad stigma due to email scams and international wire transfers coming from criminal elements within their nation. What is so unfortunate is that many businessmen in the United States and elsewhere have been introduced to the nation of Nigeria through these email scams and phishing scams. It is now highly unlikely that American business will be willing to invest in Nigeria or take on Nigerian business partners.

Therefore, the country of Nigeria has developed a terrible reputation in the world and this will affect their future growth. Trust is critical when dealing with foreign business suppliers or partners, without it the cash flow of business investments slows down and this hurts future potential. One question on many people’s minds when considering this issue is: Will Nigeria’s economic development and public relations teams succeed in standing up to the fence and restoring faith and trust in this 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 and wanted to offer you an investment opportunity? Think about it, do you see the problem there?

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