Appraisal of Major Factors Inhibiting the Internationalization of Small and Medium-Sized Agricultural Exporters in Nigeria

Abstract:

As domestic markets become saturated with competition and less profitable, businesses around the world are rapidly expanding their operations into foreign country markets to achieve business growth. This study was designed to address the major factors inhibiting the internationalization of small and medium-sized agricultural exporters in Nigeria. It determined the major reasons for internationalization by small and medium-sized agricultural exporters; examined the effectiveness of internationalization to their performance, among other objectives. The study adopted survey-based cross-sectional research design. Primary data were obtained from 348 managers and operators of small and medium-sized agricultural exporters using a structured questionnaire. The data obtained were analyzed and interpreted using descriptive statistics. The study made major findings in line with its objectives. On the basis of the findings, practical recommendations were made to guide policy-makers and players in the agricultural sector. Also, suggestions were presented to guide the trajectory and scope of similar future research.