Why are Nigerians yet to make a financial/Business success of the Internet?

Trust

With every e-commerce venture comes an element of trust....

If you can't trust the seller then there is no business to transact....

Please tell me who will support you when you sit at home and try and cook up one venture and your bills are mounting. That is why the diaspora people have not done it. I would mention that there have been a few UK consultant millionaires like Amosu (ringtones) and others. But it is not as rampant as it should be.

A major factor is labour costs, not just trust. Who will you tell to help you for nothing till the business takes off? Nobody, every one is in a rush. "i just have to get paid this week" or "I am doing my masters".

Also you cannot look at the diaspora without taking a backview of where they are coming from. Think of it they will tell you oh!  I need to send western U. for so so and so that is why I am doing 3jobs. How can they now have winning ideas under such pressure, impossible.

SOLUTIONS:
A key way out of this mess is for forumns like this to act as liverage for peoples ideas. So you get like minded people knocking heads together.

Another alternative is to get the people back home working and not just expecting handouts from those abroad. So say introducing Outsourcing work. So if a nigerian man in australia has an idea of say: online market, all he needs is the data, send it back to nigeria they build the database and by the time he is rolling out his business plan the site is live.

Anyway a lot of people to be honest don't know where to start...