Financing backing for African new startup kept on falling this year. Countries, for example, Nigeria saw probably the greatest drops. The Serious Deal showed that financing has fallen across various measurements, with Nigeria, which used to be a leader, falling far behind its friends.Venture Capital won't partner if you are not planning to expand .There are several reasons why Nigerian startups should consider expanding internationally or globally:


1. Access to Larger Markets: Expanding internationally allows Nigerian startups to tap into larger markets with a greater customer base. This can lead to increased sales and revenue potential.

2. Diversification of Revenue Streams: By expanding internationally, startups can reduce their reliance on a single market. This diversification helps mitigate risks and provides stability in the face of economic fluctuations or local market challenges.

3. Learning and Innovation: International expansion exposes startups to new ideas, technologies, and business practices. This can foster innovation and help them stay competitive in the global market.

4. Access to Talent and Resources: Expanding internationally allows startups to access a broader pool of talent, including skilled professionals and experts in various fields. It also provides access to resources, such as funding opportunities, partnerships, and infrastructure.

5. Brand Recognition and Reputation: Expanding internationally can enhance a startup's brand recognition and reputation. Operating in multiple markets can boost credibility and attract more customers and investors.


6. Scaling Opportunities: Expanding internationally provides startups with the opportunity to scale their operations and grow at a faster pace. This can lead to increased market share and profitability.


7. Strategic Partnerships: International expansion opens doors to potential partnerships with global companies, investors, and organizations. These partnerships can provide access to new markets, technology, expertise, and funding.

8. Competitive Advantage: Expanding internationally can give startups a competitive advantage over domestic competitors. By offering unique products or services in international markets, startups can differentiate themselves and gain a foothold in new territories.

It's important for Nigerian startups to thoroughly research and plan their international expansion strategies. They should consider factors such as market demand, cultural differences, regulatory requirements, and competitive landscape. Seeking guidance from experts, networking with industry peers, and leveraging government initiatives and support programs can also be beneficial in the international expansion process.