Abstract
The paper examines barriers and challenges of introducing environmental taxation in Nigeria which are intensifying pressure on the Federal Government to find ways of reducing environmental impairment through pollution while minimising harmful effect on the economic growth. The absence of any estimation of damage costs and lack of implementing best practices of environmental taxes as done in other countries awareness for the need of public acceptance and support for environmental taxes is felt need. Benefits received and stakeholder theories were used, and data collected through primary and secondary sources. Yaro yamani formula was used to determine the sample size of the population. The results of the study revealed that the industries are making mere promises to the government in their effort to control pollution through regulatory mechanisms without compliance. The researcher recommends that considering the seriousness of this environmental hazards posed by these industries, Federal Government of Nigeria should formulate plans to design a tax process that might encompass environmental tax policies, so that the levy of tax be designed placing its burden on those who are responsible for causing a particular environmental problem, or problems and also make provision for statutory incentives to minimize administrative cost to the government and compliance cost imposed on the tax payers.
Published Version
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