Ethiopia has 74.3 million hectares of arable land and an irrigation potential of 3,088,395 hectares. Despite the country's vast irrigation potential, it hasn’t benefited much. A huge percentage of Ethiopia’s population is currently food insecure and a very significant portion lives under the national poverty line. Studies have confirmed the role of irrigation in alleviating poverty and promoting food security. Irrigation plays a huge role in poverty reduction, especially in developing countries like Ethiopia where agriculture is the backbone of the economy and the major source of employment. Irrigation does so by boosting farmer incomes, improving crop productivity, providing more employment and better pay rate, and contributing to the national GDP in the long run. Irrigation also promotes food security by contributing to all the dimensions including, food availability, access to food, food utilization, and stability. Given such importance of irrigation in poverty and hunger alleviation, it’s believed that the development of the sector massively contributes to the realization of sustainable development goals (SDG). Hence, this article voices the need for exploiting the huge irrigation potential and improving the irrigation sector, in order for the country to pull its population out of the misery of hunger and poverty.