Peter Obi Advocates Leadership and Investment for Nigeria’s Economic Growth.
Peter Obi Advocates Leadership and Investment for Nigeria’s Economic Growth.
Peter Obi, a former presidential candidate, has emphasized Nigeria’s status as Africa’s premier investment destination, highlighting its youthful population and vast economic potential. Speaking at the 4th Africa Day event organized by the Club des Entrepreneurs Monégasques en Afrique (CEMA) in Monaco on November 17, Obi described Africa as the “continent of tomorrow,” rich in human and natural resources.
Obi pointed out that Nigeria’s population is expected to reach approximately 320 million by 2050, with about 200 million youths in their productive years. He believes that this youthful demographic could be a catalyst for innovation, productivity, and economic growth, provided the country is governed by leaders with capacity, compassion, character, and commitment. Such leadership, he argued, must focus on implementing sound policies while reducing waste and corruption.
He stressed that prioritizing investments in security, healthcare, education, and poverty alleviation could significantly boost Nigeria’s economy, projecting it to reach around $2 trillion by 2050 and a per capita income of approximately $7,000. Obi also referenced Goldman Sachs’ projection that Nigeria’s GDP could hit $13 trillion with a per capita income of $30,000 by 2075 if current growth trajectories are sustained.
In his address, Obi urged international investors to see Nigeria as a gateway into Africa’s promising opportunities. He highlighted that Nigeria’s future is promising, and with the right investments and leadership, both Nigeria and Africa as a whole can achieve remarkable progress. Obi reassured stakeholders that a “new Nigeria” and a “new Africa” are not only possible but within reach.
