Former presidential candidate Peter Obi has described Nigeria as Africa’s most promising investment hub, citing its expanding youth population and long-term economic potential.
Obi delivered the remarks on Monday in Monaco while speaking at the 4th Africa Day event organised by the Club des Entrepreneurs Monégasques en Afrique (CEMA).
He said Africa remains the “continent of tomorrow” due to its human and natural resources, noting that Nigeria’s population is projected to reach about 320 million by 2050, with roughly 200 million young people who could drive innovation and growth.
Obi argued that Nigeria’s future depends on leaders with “capacity, compassion, character and commitment” to pursue effective policies, reduce waste and curb corruption.
He added that targeted investment in security, health, education and poverty reduction could expand Nigeria’s economy to about $2 trillion by 2050 and push per capita income to approximately $7,000.
Referencing projections by Goldman Sachs, Obi said sustained reforms could place Nigeria on a trajectory to reach a $13 trillion GDP and about $30,000 per capita income by 2075.
He urged investors at the event to consider Africa—particularly Nigeria—as a strategic gateway for future opportunities.
Obi concluded by expressing optimism about the country’s prospects, saying a “new Nigeria” and a “new Africa” remain achievable with the right leadership and commitment.