This paper discuses the relevance and importance of dividend of democracy in our democratic system. The paper was of the view that because of the way and manner the leaders and politicians handle leadership position and government in Nigeria, the real meaning   of the term dividend of democracy is not only lost but also thrown away. The term dividend of democracy, is now understood and seen by most Nigerians and common man as the benefits of those in government, the politicians and those who are close to them and members of their family. It is no Longer for the benefits of masses. No wonder there is now big doubt whether dividend of democracy is really possible in our Nigerian democratic dispensation. The paper was of the view that instead of dividend of democracy what we see now is democratic failures and dividend. The paper concludes by saying that most of the conflicts and electoral violence we see in Nigeria today is as a result of our neglect and betrayal of the dividend of democracy. Elections in Nigeria have become  a “do or die” affairs. It finally, recommended a way forward which includes a fight against corruption, and removal of this special class called the godfathers who make sure their godsons win elections by all means so that they will be there to service them. Finally, the pattern of appointing people to the position of authority ministers and commissioners should stop.