Abstract: The study evaluates, the contributions of the selected sectors of the Nigerian economy to its development, so as to serve as reference point to the Nigerian government and the relevant stakeholders charged with the responsibilities of achieving the millennium goals of the Nigerian Economic Development, tagged: (vision 2020). The issues succinctly highlighted in this study relates to the general background to the study, objective of the study, relevant literature review and trends in the budgetary allocations to the selected sectors. This study made use of vector Auto-regression estimation model as tool for analyzing the contribution of the selected sectors to the Nigerian Economic Development using Gross Domestic Product (GDP) as proxy. Following this analytical tool, this study concluded that even though the selected sectors contributed to the development of the Nigerian economy, but it is important to improve and monitor the allocations to these sectors in order to meet up with the international standard.