In the present-day era, some people strive and adopt any means to measure up with the requirement of society. For some what matter is how successful one is, with little or no regard for the means of the attainment of such success. Hence, they employ theories of man being a wolf to a fellow man, survival of the fittest and might is right in their dealings, leaving behind the moral system which is paramount in human relations. This work aims to examine Friedrich Nietzsche's philosophy, especially his notion of nihilism to relate it to the Nigerian society. It also exposes the decline in the Nigerian value system to proffer solutions to them. We shall employ the method of analysis in this work for a better understanding and clarification of the concepts under discussion. It finds that Nietzsche's concept of nihilism plays out a scene in Nigerian society. We suggest a revaluation of Nigeria's moral system to treat people as an end in themselves and to seek the common good.