Slums exist in every known city of the world. Their problems are basically that of urban poverty and deprivation. The management of slums and governmental attitudes have varied from one country to another. Generally in most it has been one of intolerance and denial of utilities. Governments in fact pretend they do not exist. India is one country that has lived with slums and will continue to do so. It has shaped policies to recognise their usefulness and provide them with amenities, however minimal. What lessons can we learn in Nigeria from the India experience? The paper highlights the universality of slums and spontaneous settlements in most Third World Cities. It goes on to examine the Nigerian situation with a special focus on Lagos, the present Federal Capital. This is followed by an appraisal of the Indian housing situation. The Slum Upgrading Projects of New Delhi and other Indian cities are also examined in the context of the agencies involved. Finally conclusions and recommendations are made in an attempt to draw parallells and for us in Nigeria to selectively learn from the experience of another major Third World nation.