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Urbanization processes are country specific and the sets of challenges are also unique to different countries. There is, therefore, a need to assess the unique challenges and ways forward for urbanization as prerequisites for realizing the potential of urbanization for fostering economic growth, bringing social transformation and contributing to poverty reduction. The pace of urbanization and its subsequent population growth all over the world is becoming a pressing issue for most urban centers, as most local governments are facing difficulties in fulfilling the basic needs of their urbanization borne population mainly as a result of limited resources. To this effect, lack of an adequate infrastructure, basic amenities such as housing and pure water supply and poverty are prevailing particularly in cities of most developing nations. Having this in mind, developing a policy oriented Urban Indicators that might help for research, bench-marking, monitoring & evaluation could facilitate the interventions sought towards fighting the challenges.