Abstract
Education is considered the key to effective development strategies. Entrepreneurship is the master key that can unlock the potential of Youths through acquisition of appropriate skills relevant to the world of work and for the development of the individual in particular and national economy in general. No effective development will be achieved under the production of graduates that have no relevant skills that will get them engaged on job for profitability to themselves and the larger society. It is against this back drop that this paper examines the roles of Vocational and Technical Education in Nigeria characteristics of Nigeria Economy, Entrepreneurship and Development of small, and medium enterprises. The paper also outlines what new class of entrepreneurship can do, identify and discussed challenges faced by entrepreneurs in developing countries as well as suggestions and recommendations that will enhance a new class of entrepreneurs who will appreciate the crucial role of knowledge and innovation in the economy.
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