In this study, the wind speed characteristics and energy potential in five selected locations in the southwestern part of Nigeria were investigated using monthly mean wind speed data of 51 years obtained from the Nigeria Meteorological Agency. The data were subjected to the 2-parameter-Weibull and other statistical analyses. The outcome showed that the wind speed measured at a height of 10 m ranged from 1.3 to 13.2 m/s while the modal wind speed ranges from 3.0 to 5.9 m/s. 83.6% of the data were found to be greater than 3.0 m/s. The average monthly wind speed ranged from 2.72 to 7.72 m/s. Seasonally, average wind speeds ranged between 3.47 to 6.55 m/s and 3.83 to 6.94 m/s for dry (October to March) and wet (April to September) seasons, respectively. The two parameters of the Weibull statistics were found to lie between 2.99 ≤ k ≤ 5.32 and 3.02 ≤ c ≤ 8.57, respectively. The annual mean power densities are 65.09, 145.07, 176.96, 387.07 and 87.34 W/m2 for Abeokuta, Akure, Ibadan, Ikeja and Oshogbo respectively. It was further shown that the respective mean annual values of the most probable wind speed are 3.82, 4.97, 5.23, 7.03 and 4.01 m/s, while the annual values of the wind speed carrying maximum energy are 4.12, 5.48, 5.87, 7.50 and 4.55 m/s. These results indicate that wind speed has the viable potential for wind-to-electricity at height of 10 m for most of the locations assessed but it will be more viable in all the stations at a height above 10 m.