The MDG 2 if achieved in Nigeria is expected to provide an increase in the number of primary school enrolment, completion and literacy rates comparable to other developed societies, yet current report by UNICEF indicated that Nigeria has 10.5 million out of school children - the highest in the world. This considerable gap in primary school enrolment, completion and literacy level, could mean complex social problems for Nigeria both now and in the future. Ensuring that the MDG 2 is achieved becomes important. The objectives of the study therefore, was to ascertain the extent to which primary school enrolment, completion and literacy rates has been impacted with the pursuit of MDGs in Nigeria; How MDGs' funding has impacted the realization of UPE and to find out the strategies in place to achieve UPE in Nigeria. In undertaking the study, we used the longitudinal structure; hence information was collected that covers a twelve year period. Data was sourced from both primary and secondary sources. Major Findings reveal that, that the pursuit of MDG 2 has not significantly impacted primary school enrolment, completion and literacy levels in Nigeria; that there are some discrepancies with MDGs funding in Nigeria, as appropriation of funds isn't correlated to the actual release of fund. The study also revealed the strategies in place to pursue MDG 2 through the MDGs funded programmes being implemented under the coordination of the Federal Ministry of Education (FME) and its parastatal. Some of the recommendations made were that the OSSAP-MDGs should promote incentives such as free lunch, uniforms, free text books and transportation to encourage school enrolment and adopt strategies that will continue to ensure that children enroll and stay in schools, especially in conflict prone areas; with the considerable gap noticed with the appropriation and disbursements of funds for the pursuit of Goal 2, the OSSAP-MDGs should develop viable measures to generate more funds as well as get states and local governments to be more financially committed to the cause of achieving success in the pursuit of Goal 2 and also the OSSAP-MDGs should improve upon the existing strategies by scaling-up educational programmes and projects under the existing MDGs interventions.