The central feature of federalism is the notion of shared autonomy, and this essential idea of the concept, reflecting a shared sovereignty represents the common ground among scholars of federalism in contemporary time. This study hence, attempt to ascertain, the bane of Nigeria brand of federalism with data empirically generated from the secondary source, to analyze the relationship between the structure of Nigeria federalism and the relentless demand for restructuring. Using the pluralist theory as its framework of analysis, this study reveals that there is a positive correlation between the inabilities of the federating units to access enough financial resources to carry-out their statutory functions and the prevailing agitation for total restructuring in Nigeria. It is also of the view that the sectional monopoly of political leadership in the country is related to the inexorable demand for total restructuring. It therefore, recommends that a development model rooted on the notion that sharing of Government revenue and the struggle to control the federal government must give way to a new structure that will challenge and drive productivity in different regions across the country. It contends that this new model must take into account that the factors driving productivity in today’s world are no longer driven by fossil oil but rather the proliferation of a knowledge-based economy.