Former presidential candidate and Labour Party leader, Peter Obi, has once again drawn attention to Africa’s leadership crisis, declaring that the continent is not poor, but simply mismanaged.
Speaking at the London Business School, where he was hosted by the Africa Business Club, Obi addressed the theme “From Promise to Prosperity: Charting Africa’s Development with Political Will and Vision.”
In a passionate speech, Obi stated, “Africa is not poor. We are only poorly managed.”
According to him, Africa holds about 30% of the world’s known mineral reserves, over 60% of uncultivated arable land, and a massive share of the world’s solar energy potential. Yet, millions across the continent still suffer from energy poverty, food insecurity, and unemployment.
“We can’t keep crying with 30% of world’s minerals in our pocket,” he warned.
The speech, which generated reactions online, was shared by Peter Obi himself in a post on his official X (formerly Twitter) handle.
Obi pointed out that Africa is home to the youngest population on earth, with over 60% of its 1.4 billion people classified as youth. By 2050, he noted, 40% of the world’s youth will be African — a huge demographic asset, if properly harnessed.
He contrasted Africa with Asia, citing that Asia contributes over 35% to global GDP, while Africa lags behind at less than 3%. The reason, according to Obi, lies in leadership priorities.
He stressed that while Asia invests in education, healthcare, and production, African leaders often focus on wasteful spending.
Obi called for purposeful, accountable, and competent leadership, stating that the time had come for Africa to invest in its people, especially through education, health, productivity, and security.
“Africa doesn’t lack potential,” he said. “What we lack is competent, visionary, and compassionate leadership.”
He concluded with a message of hope: “A new Nigeria and a new Africa are POssible.”
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