Former presidential candidate Peter Obi has highlighted Nigeria’s immense investment potential, describing the country as Africa’s leading frontier for business and economic growth.

Obi spoke at the 4th Africa Day event organized by the Club des Entrepreneurs Monégasques en Afrique (CEMA) in Monaco on Monday, November 17, emphasizing the continent’s vast human and natural resources.

He pointed out that Nigeria, with its projected population of 320 million by 2050, will have around 200 million youths in their productive years — a demographic poised to drive innovation, productivity, and economic growth.

“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 said.

The former governor stressed that Nigeria’s long-term economic success depends on competent leadership with “capacity, compassion, character, and commitment” to implement the right policies while tackling waste and corruption.

He outlined critical areas for investment that could transform Nigeria’s economy: security, health, education, and poverty alleviation. According to Obi, prioritizing these sectors could help Nigeria achieve:

A $2 trillion economy by 2050

A per capita income of around $7,000

Looking further ahead, he referenced projections by Goldman Sachs that suggest Nigeria could reach a GDP of $13 trillion and per capita income of $30,000 by 2075, if growth is sustained.

Obi encouraged global investors to consider Nigeria as a gateway into Africa, highlighting the immense opportunities the country offers for business expansion and economic engagement.

“I passionately urged all attendees to invest in Africa, especially Nigeria, as their gateway into the continent. I reassured them of a new Nigeria that is possible and indeed a new Africa that is also possible.”

With its youthful population, natural resources, and strategic position on the continent, Obi believes Nigeria is poised to remain Africa’s top investment frontier for decades to come.