This research is a desk-based study that examines the processes of migration decision-making and the livelihood vulnerability that rural farm households face in Nigeria. It focuses on the socio-economic and environmental factors such as how vulnerability at the household level interacts with the decision to migrate some members of the households to other destination using secondary data sources using the concept of household assets characteristics in explaining the link between livelihood vulnerability and migration decisions among rural households in Nigeria. The study argued that household assets mediate between the vulnerability that households experience and their decision to embark on migration as an alternative livelihood strategy and contrary to some findings, the study submitted that migration as a livelihood strategy of households is mainly used as an ex-ante risk management strategy-accumulation of assets rather than as an ex-post coping strategy to deal with stress or shocks confronting households.