The present study considered the current state of internet of things in Nigeria, future prospects and challenges to the usage of the technology in Nigerian Agriculture. In Nigeria, IoT has been used to dispense feed and water to chicks, virtual fences for monitoring farmlands and forest trees, cashless sales and purchases of farm produce and input, monitoring and management of staff performances on the farm and e-wallet for input, loan and information accessibility on agricultural issues. However, there is room for improvement in the area of security for the animals (animal tracking), weather forecasting and real-time soil monitoring, livestock and crop health surveillance. Challenges faced in the usage of IoT in Nigeria are inadequate/lack of capital, skilled manpower, facilities. In conclusion, IoT has great potentials to move Nigerian agriculture to an enviable position.