The study explored the trend and effects of macroeconomic conditions on poverty (using household consumption as proxy for poverty) in Nigeria. It also analyzed how foreign migration remittances affect aggregate household poverty. It relied on secondary data analyzed using trend and cointegration analysis. It was found that on the long run, when gleaned from the perspective of aggregate household consumption, level of poverty in the country could be explained by economic growth (GDP per capita current USD, lngdp), volume of export trade as percentage of GDP (lnexptrgdp), official exchange rate of Nigerian Naira to USD (lnforex), inflation rate (lninf) and age dependency ratio of population (proxy for aggregate level of unemployment) (lnagedprat). Efforts must be put in place to promote youth employment opportunities, export market access to Small and medium scale enterprises, proper management of foreign exchange regimes. Since migration is not a sustainable source of income for the country, Nigerian authorities must provide education and skills acquisition opportunities too and enhanced working conditions to reduce dependency on immigration as a source of poverty reduction in households.