Nigeria Can Reach $2 Trillion Economy By 2050 With Right Leadership, Peter Obi Says

By Onoja Baba, Nigeria 

Former Anambra State governor and Labour Party presidential candidate Peter Obi has declared Nigeria Africa’s greatest investment frontier, projecting that with competent leadership and disciplined implementation of developmental policies, the country can grow its economy to approximately two trillion dollars and seven thousand dollars per capita by 2050.

Speaking on Monday as guest speaker at the 4th Africa Day event organised by the Club des Entrepreneurs Monégasques en Afrique (CEMA) in Monaco, Obi told the gathering of international investors that Africa remains the continent of tomorrow, blessed with vast resources and a youthful population that will drive innovation and productivity.

He highlighted that by 2050 Nigeria is expected to have a population of about 320 million, with roughly 200 million youths in their productive age.

With leadership that demonstrates capacity, compassion, character and commitment, while drastically cutting waste and corruption, Obi said Nigeria can sustain the trajectory to meet the Goldman Sachs projection of a thirteen trillion dollar GDP and thirty thousand dollars per capita by 2075.

Obi passionately urged the attendees to invest in Africa through Nigeria, describing the country as the continent’s gateway because of the immense opportunities ahead.

He reassured the investors of a new Nigeria that is possible and a new Africa that is also possible.