This report delves into the strategies employed by Small and Medium Enterprises (SMEs) in Nigeria for internationalization, alongside the challenges and barriers they encounter. Focusing on the agribusiness sector, the report highlights the importance of internationalization for Nigerian SMEs, given the sector's significance in the national economy and employment. It examines the benefits of internationalization, such as access to free trade, technological advancements, and expanded customer bases. The report identifies various barriers to internationalization, including financial, managerial, and industry-specific hurdles. It explores specific challenges such as knowledge gaps, resource limitations, and procedural obstacles, including financial constraints, intellectual property rights, and bureaucratic processes. The report emphasizes the need for proactive strategies, including strong financial planning and entrepreneurial management, to overcome these barriers and improve export performance. It also discusses the types of barriers, including knowledge, resource, and procedural barriers, impacting the Nigerian economy and businesses. The report provides a comprehensive overview of the complexities of SME internationalization, offering valuable insights for businesses and researchers in the field.
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