This paper examines the implications of Covid 19 a globally pandemic originally from Wuhan in china spreading to Iran, Europe, United States of America, the Americas and Africa overwhelming health infrastructure and systems, with consequences in spread and deaths. The paper triangulates among the global capital theory, the opportunity theory or entrepreneurship and the dependency theory to show that Nigeria could be a net gainer but rather a great loser after the cloud of the pandemic have settled on nations. Data from the Nigeria Center for Disease Control (NCDC) was used to illustrate geopolitical zones cases of covid 19 and deaths flow in Nigeria in relations to the existing socio-economic and political holes in the national development in Nigeria. The trajectories therefrom suggest that existing poverty, inequalities, dearth of healthcare infrastructures, and pervasive corruption in governments and governance pictured gloomy outcomes in the Covid experiences in Nigeria. This view become critical to considering the implications and future of the Covid experience in Nigeria due to the still explored novelty associated with Covid 19 in its symptomatic and asymptomatic spread, tendency to be spread by children, general lack of herd-immunity to it and the unavailability of vaccines especially in developing countries such as Nigeria for at least next two to three years. The paper recommends among other things that Nigeria government must take led in supporting the ministry of science and technology towards garnering seasoned and experienced academics, scientists and technologists, national business and entrepreneurs towards creating concrete innovations to prevent, control and fight Covid 19

Keywords : Covid 19, National Development, Pandemic.