The paper presents SWOT analysis of Traditional Medicine (TM) in Nigeria using various results in scientific research and author's critical opinion on the past, present and future of this important sector of agriculture. The paper is based on the study of many published articles closely connected with the topic. The results emphasized that Nigeria has a long history and culture of TM, conducive climate for the growing of herbs and other materials related to it. Also, TM is available, accessible, acceptable, affordable, widely used, and perceived as effective by the people with virtually no side effects. The weaknesses are: the unverifiable and inexplicable aspects of occultic/witchcraft practices; the practitioners lack the skill for correct diagnosis of serious disorders, inadequate coordination of practitioners activities giving room to dubious and unscrupulous elements. Also, opportunities that exists for TMP are: existence of a virile Herbs and Leaves Traditional Medicines Practitioners’ Association of Nigeria, large number of population of TM practitioners with great spread over all ethnic groups coupled with a large Nigerian population of about 170million consumers. The threats: the activities and practices of charlatans, the importation of higher quality TM products and the reality of some herbs are going into extinction. It is concluded that TM occupies a pivotal position in the Nigerian rural health service delivery system which cannot be neglected. Therefore, there is the need to create an enabling environment for the development of traditional medicine and its eventual integration into the health care delivery system of the countr