This study examines the Akam-Olulumo (Okuni) boundary conflict in historical perspective with the aim of determining the causes of the conflict as well as its impact on the socio-economic development of the area. Using the resource-need theory of conflict, the study argues that the struggle for territorial space is inherent in man and hence a necessary consequence of human survival instinct. It further argues that in spite of the inter-dependent nature of the world, individuals, groups and communities continue to struggle for identity, purpose and power, negating the idealist philosophy which is primarily concerned with minimizing conflicts and promoting co-operation among peoples and giving credence to moral and human rights. The study submits that both communities should develop peaceful resolution strategies and promote co-operation between them to engender socio-economic development.