Globalization is the integration of national economies through trade and financial interaction with the international economy. Globalization has transformed the world into a global village. Nigeria with current democratic dispensation from 29th May 1999 under the leadership of Chief Olusegun Obansanjo (GCON) has made bold efforts in liberalization and deregulation of the economy in line with current global trends. However, Nigeria is handicapped in this drive on account of the current state of poor infrastructural facilities, the hydra headed corrupt practices within the economy, very high level of wastage and leakages within the economy and the over reliance on crude oil export as the current main stay of the economy. Nigeria is yet to reap the benefits accruing from e-government, e-commerce, tele-education/tele-training, tele-medicine/tele-health, etc. Nigeria needs to clear above impediments before it can actively participate in the current globalization drive.