This study focused on entrepreneurship training: A panacea for socio-economic gains. The main objective of the study was to attempt to show that entrepreneurship training can contribute to unemployment and poverty reduction in Nigeria. Information was collected from secondary sources. Based on the findings it was concluded that entrepreneurship training plays a crucial role in determining the level of reduction of unemployment and poverty in the economy. The paper recommended that Federal government should establish Entrepreneurship Training Information Administration (ETIA) agencies to generate information for entrepreneurship training – researches, development and growth in the country; to develop policies for professional bodies’ collaboration. Government should allocate more funds for entrepreneurship training.