This paper is a critical appraisal of Karl Marx’s theory of historical materialism and a deployment of its emphasis on economic factor in addressing Nigeria’s socio-economic situation. As we applaud Marx’s materialistic approach to history as an account that is rich enough to promote contextual understanding of past events in various part of the world, we identify its limitation in providing a scientific framework that could serve as the sole interpretation of world history. In this paper, we exposed Marx’s explanation which holds that it is simply the human- productive forces that drives history. Since there are many interpretations of historical materialism among Marxist’s scholars , we limit our reference to ‘historical materialism’ in ...