Former presidential candidate, Mr. Peter Obi, has unequivocally designated Nigeria as Africa’s leading investment destination, primarily citing its massive youthful population and economic potential.
Obi presented his vision on Monday, the 17th November, 2025, as a guest speaker at the 4th Africa Day event, which was organized by the Club des Entrepreneurs Monégasques en Afrique (CEMA) in Monaco. He began by asserting that Africa remains the “continent of tomorrow” due to its abundant natural resources and human capital.
Obi specifically highlighted Nigeria’s demographic strength, noting that “By 2050, Nigeria is projected to have a population of about 320 million, with roughly 200 million youths in their productive age.” He suggested that this cohort is capable of driving significant innovation, productivity and growth.
He stressed that Nigeria’s long-term economic success is fundamentally dependent on leaders who possess “capacity, compassion, character and commitment” to diligently implement appropriate policies while simultaneously curbing “waste and corruption.”
The former Governor outlined a clear path to prosperity through strategic investment, arguing that prioritising expenditure in security, health, education, and poverty alleviation could enable Nigeria to grow its economy to an estimated “about $2 trillion and approximately $7,000 per capita” by 2050.
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In a statement detailing his presentation, Obi wrote: “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.”
Obi confidently projected the potential trajectory: “With competent 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.”
He concluded his address with a passionate appeal to the international audience: “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.”