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This paper examined the contributions of historical consciousness to the development of the Nigerian political terrain. Using the Nigerian example, it posits that a distinguishing feature of historical consciousness is in its quest to promote a sense of history among members of a given group or society. This enables it to play a significant role in the task of national development. It proceeded to demonstrate that promoting historical awareness could lead to greater political stability. Having demonstrated the role of historical consciousness to national development, the paper concluded that since development is a product of change, and the subject matter of history focuses on continuity and change, it follows that development can only be understood and appreciated within the context of history. It is this strategic role of history in facilitating development that makes historical societies incubators of development.