Training and development are a set of intangible assets that every firm requires to be alive to its responsibilities, anticipated, respond and adapt to environmental changes that characterized the dynamic nature of our present economy with a view to remain afloat as a "going concern". The paper examines the effect of training and development on workers' job satisfaction and productivity in a selected bottling company. Simple random sampling techniques was used to select Four hundred and fifty workers (N=450) as participants. Four hundred and twenty five questionnaires were retrieved back making 94% of the respondents returned the questionnaire. The findings revealed that 87.5% of the respondents agreed that training and development could promote job satisfaction and productivity while 12.5% disagreed, also, that 72.94% of the employee agreed that training and development guarantee high productivity while 29.06% disagree that this does not guarantee high productivity. The paper concludes that unless Training and Development is accorded right priority attention, a firm might find it difficult to exist and if it exists at all, the vagaries of environmental factors demanding constant adaptability of entire staff may not allow it to exist for long.