In an AI-curated video posted on his Instagram page on Tuesday, the 52-year-old artist argued that had Nigeria retained 100 percent of its oil revenues since gaining independence in 1960, the country could have amassed trillions of dollars.
“What if Nigeria had kept 100 per cent of its oil money since 1960 instead of letting Shell and Exxon take it? We’re talking about $2 trillion that could have stayed in African hands,” Akon said. “Lagos would be the world’s financial capital today, not London or New York. Nigerian universities would lead global innovation, churning out the next generation of tech giants. Nollywood wouldn’t just compete with Hollywood but completely dominate global entertainment. The ripple effects get even crazier. London’s banking district would be empty as every major firm relocates to Abuja.”
The singer, who rose to international fame in 2004 with the hit “Locked Up” featuring Styles P, further suggested that Nigerian passports could have rivaled or even surpassed the value of American ones. According to him, Europe could have become a continent where people migrate to Africa for work opportunities rather than the other way around.
“The global power structure would flip completely upside down. 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 changes the entire world order,” he added.
In the caption accompanying the video, Akon emphasised optimism, writing: “The possibilities are endless. But it’s never too late.”
Akon, also known for his philanthropic work and business ventures, last made headlines in September when his wife, Tomeka Thiam, filed for divorce after nearly three decades of marriage. Thiam cited irreconcilable differences and sought joint legal custody of their 17-year-old daughter, requesting physical custody.