Lagos Could Lead The World Financially - Akon On Nigeria’s Oil Revenue

Senegalese-American artist Akon recently shared his view that Nigeria could have been more prosperous if it had wisely managed its oil wealth.

He stated that had the country kept all of its oil earnings since gaining independence in 1960, it might have reached remarkable economic heights.

Akon also suggested that Lagos could have emerged as a leading global financial hub, potentially rivaling cities like London and New York.

He stated this in a post on Instagram and wrote: “What if Nigeria had kept 100% of its oil money since 1960 instead of letting Shell and Exxon take it? We’re talking about two trillion dollars that could have stayed in African hands. Lagos would be the world’s financial capital today, not London or New York. Nigerian universities would lead global innovation, producing the next generation of tech giants. Nollywood wouldn’t just compete with Hollywood, it would completely dominate global entertainment.

“The ripple effects would be even more dramatic. London’s banking district would be empty as major firms relocate to Abuja. Nigerian passports would be more valuable than American ones. Europeans would be crossing the Mediterranean in search of work opportunities in Africa.

“The global power structure would flip entirely. Instead of brain drain, Nigeria would attract the world’s brightest minds. One decision in 1960 could have changed everything. Africa controlling its own resources would have reshaped the entire world order.

“The possibilities are endless but it’s never too late.”