Technical Vocational Education and Training (TVET), as entrenched in the Nigerian National Policy on Education, (NPE) identifies one of the aims of TVET to be that of giving training and imparting necessary skills leading to the production of craftsmen and self-reliant technicians and technologists in Technical & Vocational areas. Specifically, in construction trades, the construction industry faces different, challenges in area of skilled artisans/craftsmen. Therefore, the paper is designed to find out the level of competency skill possessed by craftsmen, contribution of TVET institutions in preparing competent workforce and strategies for improving skill acquisition of craftsmen in the construction industry. A descriptive survey research design was used. A duly validated structured questionnaire on 5 points rating scale was used for data collection. The population for the study consists of 115 engineers/site managers in the construction industry and TVET teachers. Data were analyzed using mean, SD and t-test statistics to test the null hypotheses at 0.05% level of significance. Analysis through the use of SPSS computer programme was carried out on the responses of 107 respondents who returned the questionnaires. The findings revealed among other things that: majority of craftsmen are not competent in handling the job; TVET institutions have not been fully involved in the training of craftsmen especially those who acquired their skills through the apprenticeship training scheme. It is recommended that TVET institutions should improve on preparation of craftsmen to sufficiently enhance skilled workers in order to satisfy the needs of the construction industry. Considering the nature of TVET programme, TVET institutions should focus their research work on promoting skill acquisition and development of employable workforce.