The development and transformation of Nigerian and the Sub -Sahara Africa is highly dependent
on youth empowerment through Entrepreneurship. They are the backbone of economic
development all over the world and play important role for employment, income and societal
changes, particularly in transition economies like Nigeria. This paper is concerned with the
extent to which entrepreneurship in Nigeria has helped to reduce youth unemployment, and
outlines the initiative taken by government to curtain unemployment and also the challenges and
prospects for the development of entrepreneurship. The study revealed that such polices and
initiative by government has affected the “transformation question”. This is due to the increase
of corruption, inadequate and inefficient infrastructural facilities and maladministration. paper
concludes that entrepreneurship country is an engine for job creation; innovation and diversity
and Nigeria’s entrepreneurs have a long way to go before they can effectively drive changes in
the economy and recommends that Government (policy makers) should genuine recognize the
essence of entrepreneurship to economic development by providing the enabling environment
and secured environment for the youth to be gainful employed for economic development and
also provide adequate infra-structural facilities (water, electricity, road network,
communications etc.).