Why Nigeria Remains Africa’s Greatest Investment Frontier

By Peter Obi

Yesterday, Monday, 17th November, I was in Monaco as a guest speaker at the 4th Africa Day event, organised by the Club des Entrepreneurs Monégasques en Afrique (CEMA). I spoke on the future of Africa, especially Nigeria, by 2050.

In my presentation, I reemphasised the fact that Africa remains the continent of tomorrow, blessed with enormous resources, particularly its youthful population—60% of whom are young people who will drive innovation and productivity.

By 2050, Nigeria is projected to have a population of about 320 million, with roughly 200 million youths in their productive age. With competent leadership—leadership with capacity, compassion, character, and commitment—to faithfully and simultaneously implement the right developmental policies, while drastically reducing waste and corruption, Nigeria can achieve remarkable progress.

With a firm commitment to invest strictly in critical areas of development: security, health, education, and poverty alleviation, Nigeria will be able to grow from 2030 to 2050, reaching an economy of about $2 trillion and approximately $7,000 per capita. By sustaining this growth trajectory, Nigeria can meet the Goldman Sachs projection of about $13 trillion GDP and $30,000 per capita by 2075.

I passionately urged all attendees to the event to invest in Africa, especially Nigeria, as their gateway into the continent, in view of the immense opportunities ahead.

I reassured them of a new Nigeria that is Possible and indeed a new Africa that is also Possible.