The focus of this paper is on business teacher education, a panacea for human capital development in Nigeria. Human capital suggests that education, and training, health and standard of living raises the productivity of workers and increases their lifetime earning capacity. Therefore, BTE is a panacea for human capital development because the programme is tailored towards providing skills, knowledge, competencies and attitudes in the students that will enable them to function effectively and efficiently in the world of work, self-reliant and/or employer of labour. Besides, business teacher education has the capacity to develop programmes that respond to current societal issues such as education for improving, basic computational skills, for meeting the needs of the bilingual and bicultural population, for eliminating occupational stereotyping, for assisting people with special needs and for helping the ordinary consumers to function effectively in the private enterprise system. It is recommended that business education in the secondary schools should contribute to the general education of all individuals by providing basic business education and to vocational education of individuals preparing for business career by providing practical training in office and marketing occupations.