Nigeria, endowed with abundant natural resources and a population of over 220 million people, paradoxically remains one of the countries with the highest rates of extreme hunger and poverty in sub-Saharan Africa and indeed the world. This paper examines the political economy of hunger and poverty in Nigeria through the lens of Structural Functionalist theory. The paper argues that the systemic failure of Nigeria's political, economic, and social institutions to perform their assigned functions effectively lies at the root of the country's persistent hunger and poverty crisis. Drawing on the explanatory research design, secondary data, government reports, policy documents, and existing academic literature, this study critically interrogates how dysfunctional state structures, endemic corruption, poor governance, institutional decay, and elite capture have continued to reproduce conditions that sustain mass poverty and food insecurity among the Nigerian populace. The paper identifies that hunger and poverty in Nigeria are not accidental phenomena but are deeply embedded in the structural arrangements of the Nigerian state from its colonial heritage to its post-independence governance trajectory. Furthermore, this study examines the disturbing nexus between poverty, hunger, and rising criminality, particularly kidnapping and hostage-taking, which have become alarming by-products of systemic socio-economic exclusion. The findings revealed that sustainable eradication of hunger and poverty in Nigeria requires a fundamental restructuring and reorientation of its key institutions; the legislature, executive, judiciary, civil service, security apparatus, and civil society toward the delivery of their core social functions. The paper recommends institutional reforms, investment in agricultural development, equitable resource distribution, and the promotion of inclusive governance frameworks capable of lifting millions of Nigerians out of the poverty trap.