The role of higher education in preparing youths for the labour market is becoming more challenging in the modern society. This is visible in the high number of tertiary institutions' graduates that are unemployable for lack of necessary skills, which would make them contribute profitably to any employer of labour. This paper examines the history of higher education; assessment of employability of graduates in the Nigerian labour market; necessity for innovation in curriculum content and delivery methods in Nigerian higher education; innovative strategies in curriculum content for sustainable national development; curriculum delivery mode. It was concluded that management of higher education deserves relevant innovation in curriculum content and delivery mode to meet the reality of education in this modern world. It was recommended among other things that; there should be partnership between employers and higher education in order to explore the development of employable courses. Modern pedagogical approaches to curriculum implementation in Nigeria educational institutions should be included in curriculum delivery.