This study examines the effect of public policy on entrepreneurship in Nigeria. Data were collected through questionnaire, face to face interview, focus group discussion, journals, text books and other relevant materials. Research questions were raised and analyzed. The analysis revealed that government ill formulated and ill implemented fiscal policies, has contributed to slow the pace of entrepreneurship development in Nigeria. Furthermore most public policies are so complex that the cost of problem solution is higher that the benefit. Based on these findings, some recommendations were proffered. Essentially, the government should integrate all stake holders in the pursuant of power/energy related policies to ensure stability in electricity supply. Adequate fund should be made available to ensure smooth implementation of business related policy.