The purpose of this paper was to examine graduates’ unemployment in Nigeria; Technical Education and Entrepreneurial Development; Concept of employability and self-reliance of graduates aspiring to own their enterprises and effectively manage resources rather than waiting for government jobs. The paper also identified major challenges of entrepreneurial ventures in Nigeria which include: Lack of credit facilities; Corruption; Inconsistent government policies; Multiple taxation; Poor state of infrastructure. Another objective of this study was to find out new ways to address the issue of unemployment problems in Nigeria. Among the recommendations advanced in the study are: Government needs to create an investor friendly environment for businesses, curtails corruption and revitalize dilapidated infrastructural facilities in the country.
Keywords: Framework for a New Venture, Opportunities for Income Generation, Unemployment
