In the past few years, there has been deliberate effort to move from agriculture to agribusiness in Nigeria. Government at all levels realised that a vital corridor to rejuvenate Nigeria agriculture and to make it more attractive particularly to the teeming youths and a more profitable venture is through agricultural entrepreneurship. Agricultural entrepreneurship also known as agripreneurship have the potential to contribute to a wide range of socioeconomic development of Nigeria and Nigerians such as providing employment and livelihood for majority of the people, foreign exchange earnings, contributing significantly to GDP, poverty reduction, income generation, and improvements in nutrition, health and overall food security in the national economy. Agripreneurship has potential to generate growth, diversifying income, providing widespread employment and entrepreneurial opportunities in rural areas. This paper focused on essential principles of agripreneurship, entrepreneurship skills, and needs of agripreneurship development in Nigeria along with major reason for promoting agripreneurship development in the country.