Abstract: Entrepreneurial policies are generally enacted by governments to promote entrepreneurship and help sustain Small and Medium Enterprises (SMEs). However, in Nigeria, despite laudable policies, the implementation of those policies relating to entrepreneurship as well as technology incubation programme leaves a lot to be desired. Thus, the Nigerian version of business incubation is yet to attain success stories in comparison with some other developing nations. Consequently, the entrepreneurship development is also in the path of decline.