The Study examined the extent of the innovativeness and proactiveness of SMEs in Southwest Nigeria. The study adopted a descriptive survey research design. Primary data was employed for the study. The study population comprises of 26744 SMEs in South western Nigeria (NBS-SMEDAN, 2017 Report). A sample size of 394 derived using the Taro Yamani (1967) formula for sample size determination was used for the study. Multi stage sampling technique was used to select the sample size for the study. The descriptive statistics using means revealed the mean score of innovativeness and proactiveness to be moderately high (Mean score:( INN= 3.85, PRO = 3.73). The total value of the mean for both innovativeness and proactiveness was 3.79. This shows that the innovativeness and proactiveness of SMEs in Southwest are high. Premise on the findings, the study concluded that the SMEs in Southwest Nigeria is high.