This study investigated experiential learning and entrepreneurial intentions among Business Education undergraduates at the University of Lagos, Nigeria, with emphasis on how practical learning experiences influence students’ entrepreneurial mindset and intentions. A descriptive survey research design was adopted, and data were obtained from 300 respondents through a structured questionnaire. The findings revealed that students had a moderate level of exposure to experiential learning (grand mean = 3.06), with group projects recording the highest mean score (3.25) while internship exposure recorded the lowest (2.85). The results further showed that respondents demonstrated a generally positive entrepreneurial mindset (grand mean = 3.25), particularly in creativity (mean = 3.40) and opportunity recognition (mean = 3.20), although risk-taking was relatively moderate (mean = 3.05). Entrepreneurial intention among respondents was also high (grand mean = 3.19), with strong interest in entrepreneurship as a career option (mean = 3.40), but lower engagement in active business planning (mean = 2.95). Regression analysis indicated that experiential learning significantly influences entrepreneurial mindset (β = 0.62, p < 0.05), entrepreneurial intention (β = 0.48, p < 0.05), and job creation potential (β = 0.44, p < 0.05). The study concludes that experiential learning plays a significant role in shaping entrepreneurial readiness and improving entrepreneurial outcomes among undergraduates.