Abstract

The paper examines the relationship between corporate governance and taxation in Nigeria, emphasizing public policy implications. It highlights how these two critical components of economic development relate and impact tax compliance, business transparency, and economic growth. The research aims to explore how corporate governance influences tax behaviour among Nigerian firms and the effectiveness of tax policies in mitigating tax evasion. Methodologically, the study adopts a qualitative approach, leveraging on thematic analysis with secondary data sources. It underscores the challenges of weak governance and inefficient tax administration, which foster tax avoidance and hinder revenue generation. Findings indicate that despite reforms, issues like poor enforcement, regulatory capture, and corruption persist, weakening the governance framework. This, in turn, exacerbates tax compliance challenges due to Nigeria's over-reliance on oil revenues and a low tax-to-GDP ratio. Recommendations include strengthening enforcement mechanisms, enhancing transparency, and fostering ethical corporate practices. The paper advocates for an integrated policy framework that aligns governance standards with tax compliance requirements, urging greater stakeholder engagement. Addressing these issues could
enhance tax revenue, boost investor confidence, and contribute to sustainable economic growth in Nigeria.

Keywords: Corporate Governance, Development, Economic Growth, Public Policy, Taxation.