The majority of Nigeria population, the poor people in affluent society, is enmeshed in the net of poverty. The Nigerian government seem to have failed in its contractual obligation to respect and sustain its social contract with the people. There is a seemingly total collapse of social security, increase in unemployment rate and consequently inbreed of youth restiveness. This study sets out to investigate the relationship between unemployment, poverty and insecurity of lives and properties in the country. The primary objective of this article is to ascertain whether the increased wave of violence in Nigeria is as a result of unemployment and poverty. The study underscores that unemployment and poverty are universal phenomena, not necessarily a peculiar characteristic of any particular segment of the society. The research revealed that unemployment and poverty have direct link to security challenges in Nigeria. There is need for a radical reform in the areas of skill acquisition centres, agricultural development scheme for creation of employment opportunities and holistic restructuring of peace building mechanisms to curb these social ills and reposition the drifting nation to a more purposeful track.