Most successful economies are driven by high level of private sector participation alongside good government policies and programmes driving the framework. With this era of public sector dominance and shrinking economy in our country, a lot of attention needs to be focused on entrepreneurial skills acquisition that creates employment and growth which is lacking. Therefore, the aim of this paper is to discuss the need and importance of entrepreneurial skill in the development of a global economy. The strategies and benefits of a sound vocational awareness were x-rayed. Subsequently, conclusion was drawn and recommendations were made; Among which are that government should continue to encourage entrepreneurship culture as it relates to vocational and technical education in Nigeria. Also, as a developing nation government programmes and policies should be aimed at repositioning entrepreneurship to take a prominent place in the global economy.
Keywords: Entrepreneurship, Education, Employment and Global Economy.