The economic power of languages is a major determinant in the modern world due to its peculiar relevance in bringing people of diverse linguistic backgrounds together for the economic, cultural, and social development of human societies, the world over. The linguistic dichotomy at national and international levels would become very cumbersome as human societies are more or less pluralistic in nature. Multilingual nations are plagued with so many challenges such as language barriers which make communication difficult and thereby affect the socio-economic activities of the country. In the case of Nigeria, the advent of colonialism gave rise to the use of a foreign language (English Language) as the national or official language which opened the opportunity for the social, cultural, and economic advancement of the people for the overall benefit of the country. This paper has explored the numerous advantages offered by the multilingual nature of Nigeria with respect to