This study assessed Resources for Training Prospective Teachers in Business Education at the colleges of Education at South South Nigeria. Business Teacher Education programmes are set up to produce competent teachers for the secondary schools and skilled labour force for the private sector. These products of Business Education programme at the colleges of Education seem to lack the requisite skills and knowledge who are employed to teach Business studies in Junior Secondary Schools. This also seems to reflect in Business studies in Junior Secondary School Certificate Examination (JSSCE) result where the rate of failure of students is high. Four Research questions guided the study. A descriptive survey design was adopted for the study. The population which also served as sample comprises 145 lecturers of eight Colleges of Education. A standard checklist containing 42 items based on NCCE (2002) Minimum Standards for Business Education programme was adopted for the study. The data collected were analysed using descriptive statistics. The findings are: (a) Dearth of qualified lecturers (b) all teaching facilities/equipment are inadequate (c) Physical facilities are inadequate. It was recommended that adequate qualified lecturers, teaching facilities and physical facilities should be provided by the school authorities.