It is still unknown how the MDGs have impacted the socioeconomic situations of the elderly in Nigeria. This has become essential to appraise the attainability of the MDGs in Nigeria. Quantitative data were collected through an individual-based questionnaire. Multistage sampling was employed to select local government areas, enumeration areas, and individuals for the study. In all, 810 respondents were interviewed. The study shows that more than 3 out of every 10 female respondents mentioned trading; more than a quarter of their male counterparts mentioned the same. Only 3.5% of the female respondents and 7.5% of their male respondents mentioned investment as their sources of income. A few of the respondents live above a dollar daily. The general response among the respondents is that the impact of MDGs is yet to felt. The paper asserts that primitive capital accumulation via corruption causes poverty for some, increased social inequality, and geographical objectives, which are currently insufficiently alleviated by policy action. (Contains 3 tables.)