Poverty is the absence or deficiency of materials necessary for the maintenance of normal existence. Of late, poverty has also been described in terms of one living below the ‘poverty line’, i.e. the dividing line between incomes that are insufficient or sufficient to purchase or pay for one’s needs. Beyond shelter, clothing and food, poverty is also reflected in health, education, transport and capacity to take/implement decisions on one’s life. Declining or persistently low national budget to health and education institutionalize poverty. Our unemployment figures are still in the double digits, as able-bodied citizens, including graduates of various leanings and levels, are daily being disengaged from their existing government and private jobs under the guise of various economic terminologies. We all know also, that government/public sector ability, genuine commitment and attention to providing adequate funding from available resources, for the provision of basic socioeconomic infrastructure – good roads, healthy water and dependable electricity – have never been so poor. There have been chronic shortage or absence of social amenities in rural and poor urban areas, and increasing poor capacity strengthening or capacity building in the various fields. The time has therefore come for a realistic patriotic review and exchange of experiences in order to halt and reverse the prevailing and worsening poverty in the land. Various stakeholders in the Nigerian project are waging the poverty war from several fronts. In their effort to pursue various social and economic policies within their chosen fronts, little or no sincere and effective attention had been paid to the need to gain an understanding of the impact of the economic policies and programs being undertaken. As the implementation of these policies continues, opportunities to critically review their impact on the various segments of our society have hardly been created and or utilized. In order to achieve the first Millennium Development Goal (MDG) which is to halve the number of people living in such poverty by 2015, we must now adopt and frankly pursue policy options for addressing health, economic, social, educational and infrastructure inequalities. Despite all the earnings of this country since the advent of both SAP and HIPC, the economies of many countries around the world have continued to be swelled and sustained with the resources of Nigeria. At a time like this, the Nigeria and Nigerians would benefit from an open and informed cross-ethnic dialogue on the subject of our un-abetting poverty regime. It must be noted that genuine dialogue enhances participation, and remains key to poverty reduction and development.