Revamping our economy is a situation where the economy is made boastful; enabling national development, enhancing employment and empowerment, good governance, security and justice. There is no doubt that our economy is in recession; and that is why the greatest cry of all Nigerians is the high cost of living, limited resources and hyperinflation on all sectors of our economy. This paper focused on: The concept of revamping Nigeria economy through Home and Rural Economics. It also highlighted on the characteristics, images and challenges of rural economics. Benefits of revamping Nigeria economy was diagrammatically represented. It was concluded that unless our economy is revamped, we may find ourselves in continuity of circle of crises. The paper recommended among other things, allowing home and rural smallholder farmers who cannot approach commercial banks for loans to get Central Bank of Nigeria (CBN) intervention called Anchor Borrowers’ Programme (ABP). Keywor