The need for employment creation in Nigeria did not arise until the mid-1980s, when the economy of Nigeria collapsed and youth and graduate unemployment became a major issue of the economy of the country, particularly the latter (Arogundade, 2011). Prior to this period, the focus was in occupying positions created by the colonial masters for the smooth running of their colonial administration as well as filling the positions that the colonial masters were vacating which was occasioned by the political independence gained by the country. In this way, both graduates and non-graduates were occupying vacancies so created (Alarape, 2008). However, by the mid–1980s unemployment had reared its devastating effect on the Nigerian economy. This was occasioned by various factors such as economic recession, production of jobless educational institutions’ graduates, low labour absorbing capacity by companies, mass lay off of civil servants, embargo on employment in the civil service, unemployability of our educational institutions’ graduates for lack of relevant skills, irrelevance of curricula offered in educational institutions, closure and relocation of some business enterprises and infrastructural deficits (Olufemi & Adebola, 2008; Oviawe, 2010; Idogho & Aniabor, 2011; Joseph, 2011; Shadare & Tunde, 2012).