Values throughout the world are a universal concept. Nigeria as a pluralistic society is characterized by many goals and sets of values. The social, political, economic and religious institutions associated with this society are made up of many diverse groups. Each of these groups has its individual rules and values. The rules and values of these institutions very often conflict, yet many people continue to see the society as having a set of values. However, the conflict between the rules and values which characterize the various institutions in a given social framework collectively substantiate and constitute enough evidence as to the pluralistic nature of many modern societies ‘Nigeria’. Value-based education in Nigeria has been identified as the main condition for the growth and sustainable development of any nation of the world. With particular reference to these conflicting values in pluralistic society like ours Social Studies education has a critical role to play to actualize this dream. The paper therefore is beamed at exploring: the changing role of education and implication for values and versa, objectives of value-based education in the modern context, types of values, the role of Social Studies in inculcating value-based education, Social Studies education and spatial dimension of value-based education, Social Studies education and cognitive, and affective dimension of value-based education, Social Studies education and character based-education, Social Studies teacher’s function as a model for value development, the Nigerian core values and some recommendations were made.