This study seeks to evaluate the influence of change in Distribution of the national dividend/income on the welfare of the Nigerians, utilizing secondary data sourced from central bank of Nigeria statistical bulletin between the periods 1986 to 2015. To achieve the objectives of this study, Unit root test, Johansen Cointegration, and Pairwise Granger Causality test were employed. The results show that while the study variables are stationary at level, the results of Johansen‟s Cointegration and Granger Causality Test indicate the absence of any significant long run relationship as well as any significant level of support and/or promotion on the Nigerian economy and the study's explanatory variables. The results might probably be attributed to the following factors which prevail significantly in Nigeria. This factors includes Lack of feminine activity privatization especially in the business world and meagre funds disbursed to the minorities like the small and medium scale enterprises. In the light of this findings, study recommended that the nation should uphold a fairer and more lucid income distribution technique towards allocating more to those with lower income/ finally, Taxation should be done progressively to avoid the tax burden resting evenly on all income group of the economy.