He added that Lagos would have become the world’s financial center, surpassing cities like London and New York.
Senegalese-American singer Akon has opened up that Nigeria would have been a better country if it had saved its oil wealth.
According to him, if Nigeria had retained 100% of its oil revenues since independence in 1960, it would have been a great country.
He added that Lagos would have become the world’s financial center, surpassing 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.”