The world has witnessed phenomenal changes, even development, in the last few decades. What with the internet and the social media with their attendant plethora of opportunities for both positive and negative minded individuals, corporate bodies, institutions and even governments, to bring their reaches within their grasp! Theatre practice in Nigeria has not been left out. However, unlike other areas of the profession, the live stage has not fared so well. Where the others have progressed, the living stage has retrogressed to the point that there appears to be a shift from the production of stage plays to other forms of performance, notably, the one man comic genre which makes appearance on the live stage on occasion, but which is otherwise, a product of the cinematic genre. This paper takes a retrospective historical glance at the reasons for this shift in order to proffer suggestions for a revival, if possible, of the conventional stage production of plays. The writer is of the view that all the stake holders in the industry among whom are governments at all levels, culture ministries and parastatals; academics and professional theatre practitioners, are all liable and as such, should contribute towards a revival because the main of the theatre revolves on collectivism rather than individualism towards which the profession is presently tilting in the name of stand-up comedy. The paper concludes on the note that though stand-up comedy is a theatrical form, it lacks that aura and spirit on which a nation’s cultural and theatrical pride traditionally depend and by which a nation is recognized universally and accepted.