Conference Paper

TAX POLICY AND PROMOTION OF ENVIRONMENTAL SUSTAINABILITY IN OGUN STATE

ABSTRACT Environmental sustainability has emerged as a critical global concern due to the rising threats of climate change, resource depletion, and environmental degradation. These challenges are exacerbated by the lack of effective regulatory frameworks and the absence of robust mechanisms to hold polluters accountable. Despite Nigeria’s commitment to international environmental agreements such as the Paris Agreement, domestic policies have been insufficient in addressing these issues comprehensively. This research work examined the effect of tax policies on environmental sustainability in Ogun State, Nigeria. The study investigated the relationship that exists among tax incentives, green tax policies, and environmental sustainability. The research adopted a descriptive survey research design, through primary data. The primary source of data was obtained via questionnaire. The population of the study was two hundred and thirty-two (232) respondents, while two hundred and twenty (220) properly completed questionnaires were used for the analysis. The sample size was determined using Taro Yamane Statistical Formula. The data were analyzed using frequency, percentage, and regression analysis. The findings revealed that there was a significant relationship between tax policies and environmental sustainability in Ogun State. The study concluded that tax incentives and green tax policies influenced environmental sustainability in the state. The research recommended among others that government should give greater importance to green tax policies and tax incentives as tools to promote environmental sustainability in Nigeria. Keywords: Tax Policies, Green Tax, Environmental Sustainability, Recycling and emissions-based tax rebates