Art historians posit that the advent of photography following the Industrial Revolution early in the 19th century, revolutionized art as a new image-making process in tune with the “modern” mood. Although art became available not only for the noble and aristocrat but for everybody, photography was a major and almost disturbing development as new questions were posed about the nature and purpose of art. But it also opened up new possibilities in form rendition and mass communication especially in two dimensional arts, but the three dimensional art of sculpture was not as universally revolutionized, rather there is the dearth of statues and commemorative sculptures in Contemporary Nigerian art. This paper attempts to highlight the need to invigorate the art of statues and commemorative sculptures in Nigeria in order to make it a viable income-earning venture in a society where unemployment has become a debacle of sort. Qualitative and philosophical deductions were used for analyzing the study. Both primary and secondary sources of information were employed in order to study. The research revealed that only relatively few sculptures of notable citizens; adorn our public spaces which are not even recent works, not out of lack of well trained sculptors, but patronage and re-orientation. The study recommends that patrons of art, including government and non governmental agencies should employ the three dimensional art of sculpture, as a veritable medium of communication, to celebrate the values of the people and encourage our teaming art graduates who have chosen sculpture as specialty churned out yearly from various art schools across the nation towards entrepreneurship, and sustainable development.