Engineering education in Nigeria is critical for national technological development and economic transformation. However, the sector faces persistent challenges, including inadequate funding, obsolete curricula, poor laboratory facilities, a shortage of qualified academic staff, and weak industry‑academia linkages. This article provides a comprehensive analysis of the current state of engineering education in Nigerian universities and polytechnics. Using a mixed‑methods approach comprising a review of policy documents, institutional surveys, and comparative benchmarking with global best practices, the study identifies key bottlenecks. Results show that only 38% of accredited engineering programmes meet minimum laboratory equipment standards, and student‑to‑lecturer ratios exceed 35:1 in 70% of institutions. Additionally, less than 20% of engineering graduates undergo industrial training of acceptable quality. The article presents a detailed table of accreditation status from the Council for the Regulation of Engineering in Nigeria (COREN) and another on graduate employability. Findings indicate a widening gap between curricular content and industry needs, leading to high graduate unemployment despite reported skill shortages. Recommendations include a sustainable funding model, mandatory curriculum revision every five years, establishment of regional engineering hubs, and a compulsory one‑year industry residency for lecturers. Policy implications for the National Universities Commission (NUC) and COREN are discussed. The article concludes that without urgent structural reforms, Nigeria’s vision of becoming a technologically driven economy by 2030 will remain unattainable.