Former presidential candidate, Mr Peter Obi, has described Nigeria as Africa’s leading investment destination, citing its youthful population and economic potential.
Obi, who was a guest speaker at the 4th Africa Day event
organised by the Club des Entrepreneurs Monégasques en Afrique, CEMA, in Monaco
on Monday, November 17, said Africa remains the “continent of tomorrow” due to
its abundant human and natural resources.
He noted that by 2050, Nigeria’s population is projected to
reach about 320 million, with an estimated 200 million youths who could drive
innovation, productivity and growth.
According to him, the country’s long-term economic success
is dependent on leaders with “capacity, compassion, character and commitment”
to implement the right policies while reducing waste and corruption.
Obi stressed that prioritising investment in security,
health, education and poverty alleviation could help Nigeria grow its economy
to about $2 trillion by 2050 and achieve a per capita income of around $7,000.
He wrote: “Why Nigeria Remains Africa’s Greatest Investment
Frontier
“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.”
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