Nigerian Agribusiness: SME Internationalization Strategies Review

This report presents a literature review on strategies for the internationalization of Small and Medium Enterprises (SMEs) within the Nigerian agribusiness sector. The review analyzes secondary resources, including previous research papers and reports, to explore the challenges, barriers, and opportunities associated with SME internationalization. It examines the significance of the agricultural sector to the Nigerian economy and the need for SMEs to adopt internationalization strategies to compete globally. The report discusses various theories of internationalization, such as the Uppsala Theory, Location Advantage Theory, Comparative Advantage Theory, and the role of entrepreneurial orientation. It also highlights the impact of financial barriers, managerial challenges, and the importance of innovation and intellectual property rights. The review emphasizes the need for Nigerian agribusinesses to develop proactive strategies to overcome risks and leverage location advantages for international expansion, concluding with a discussion of the importance of financial planning and technological advancements for successful international operations. The report is a valuable resource for understanding the complexities of internationalization within the Nigerian agribusiness context.