The Impact of Tax Policies on Entrepreneurship Development in Nigeria

This study examines the multifaceted relationship between tax policies and entrepreneurship development in Nigeria, analyzing how fiscal instruments shape the entrepreneurial ecosystem. Through a comprehensive review of Nigeria's tax framework, this paper explores the effects of various tax policies on business formation, growth, and sustainability. The analysis reveals that while Nigeria's tax system presents opportunities for entrepreneurial growth through various incentives, significant challenges persist, including multiple taxation, complex compliance procedures, and inconsistent policy implementation. The research identifies critical areas where tax policy reforms could enhance entrepreneurial activities and contribute to economic diversification. Eight evidence-based recommendations are proposed to optimize Nigeria's tax policies for entrepreneurship development, addressing issues of tax burden, administrative efficiency, incentive structures, and policy consistency.