Nigeria is a nation that is blessed with both human and natural resources, but larger proportion of the citizens graduates included live in abject poverty and face worsening unemployment. In a bid to mitigate the scourge of poverty and unemployment, previous regimes initiated diverse poverty reductions polices (PRPs), such as National Poverty Eradication Fund (NERFUND), Nigeria Directorate of Employment (NDE), Small and Medium Enterprise Development Agency of Nigeria (SMEDAN) et cetera, with the objectives of boasting industrial production and level of employment thereby checkmating joblessness, hopelessness and cubing crime. Despite the various poverty reductions polices (PRPs), the hydra-monster poverty and unemployment have remained endemic judging by official statistics published by reliable bodies. The failures of previous PRPs precipitated the passionate embrace with Millennium Development Goals (MDGs) and compulsory inclusion of entrepreneurship education in the curricula of the three levels of higher education in Nigeria. This research will examines entrepreneurship education as a tool for employment generation among National Youth Service Corps (NYSC) members in Ibadan North Local Government Area of Oyo State, Nigeria. From the regression analysis it could be summarized that: 1. Capacity building has a significant influence on human capital development; 2. Creativity and innovation have a significant influence on economic development; 3. Skill acquisition has a significant influence on job creation; and 4. Entrepreneurship education has a significant influence on employment generation