This paper examined the implications of reform for national development of Nigeria with particular reference to Obasanjo’s regime (1999-2007), with a view to leveraging scholarly-cum-policy insights. Relying on secondary sources of data, the paper positsthat the various reform programmes undertaken during Obasanjo’s regime contributed in repositioning the target-sectors. The paper observes that the reforms were nonetheless marred by systemic contradictions that tended to negate their efficacy and sustainability. In the main, the legacies of Obasanjo’s reforms are interrogated in with a view to setting agenda for post-2015 development reform in Nigeria.