This paper discusses the various moral decadences taking place in Nigeria in the present dispensation. It looks at the opinions of scholars that the school system should be the actual place to eliminate these banes through character development especially in the youths. It highlights the relevance of character development in Nigerian education in restructuring the nation to bring it out of the abyss of moral decadences it has fallen into, to return it to that golden era of people having values and respect for the nation. Modalities for inculcating character development are expressed. Recommendations on the agents of socialization like the family, schools and social media to be more proactive in their activities to bring the nation to its glory are hereby given.