News

Nigeria Bids to Host Africa’s First Formula 1 Grand Prix in Decades

Nigeria Bids to Host Africa’s First Formula 1 Grand Prix in Decades
Monday, 28 July 2025 10:34
  • Nigeria has bid to host a Formula 1 Grand Prix, with plans for a new Abuja racetrack.
  • The project includes a karting track, hotels, and a racing museum.
  •  Nigeria joins South Africa, Rwanda, and Morocco in competing to host Africa’s first F1 race in decades.

Nigeria has entered the bid to host a Formula 1 Grand Prix in Africa. Last week, the West African nation unveiled a project, supported by former footballer Marvin Sordell, aimed at bringing motor racing's premier competition to the country.

Nigeria's strategy begins with an almost complete agreement with Opus Race Promotions to construct a new racetrack in the capital, Abuja. The complex will feature a karting track, hotels, and a motor racing museum, emphasizing the historical connections between Formula 1 and Africa.

Formula 1 last raced in Africa 32 years ago at the 1993 South African Grand Prix, held at the Kyalami circuit near Johannesburg. South Africa has leveraged this history in its bid to host a Grand Prix, as has Rwanda, whose ambitions are backed by racing star Lewis Hamilton.

Nigeria's entry into the competition follows Morocco's preparations to present its own significant project. The North African nation is developing an infrastructure plan valued at $1.2 billion. This complex, planned for northern Tangier, will be designed to international motor racing standards and led by Éric Boullier, former director of McLaren and the French Grand Prix.

The goal is to attract not only Formula 1, but also MotoGP, according to some sources. These expressions of interest in hosting motor racing competitions in Africa, announced after agreements between the Democratic Republic of Congo and AC Milan and FC Barcelona, highlight the growing recognition among African leaders of sport as a key tool for national promotion.

Servan Ahougnon

On the same topic
African startup M&A hits record 67 deals in 2025 Consolidation driven by funding pressures and expansion strategies Fintech leads deals as “Big Four”...
S&P rated Africa Finance Corporation A/A-1 with positive outlook Strong risk management, low NPLs support infrastructure-focused...
Glencore issued 2026 copper guidance, withheld cobalt forecast amid uncertainty DRC cobalt exports constrained by quotas, copper production...
The World Bank is preparing a $250 million grant-funded project to support SME financing in Niger. The project aligns with Niger’s national...
Most Read
01

Except for Tunisia entering the Top 10 at Libya’s expense, and Morocco moving up to sixth ahead of A...

Global Firepower Index 2026: Egypt, Algeria, Nigeria Lead Africa's Military Rankings
02

Circular migration is based on structured, value-added mobility between countries of origin and host...

Circular migration as a lever to turn Africa’s student exodus into value
03

BRVM listed the bonds of the FCTC Sonabhy 8.1% 2025–2031, marking Burkina Faso’s first securitiz...

BRVM Lists Burkina Faso’s First Securitization Fund Bonds
04

CBE introduced CBE Connect in partnership with fintech StarPay. The platform enables cross-border...

Ethiopia’s CBE launches digital platform to channel diaspora remittances
05

President Tinubu approved incentives limited to the Bonga South West oil project. The project tar...

Nigeria approves targeted incentives to speed up Shell’s Bonga South West project
Enter your email to receive our newsletter

Ecofin Agency provides daily coverage of nine key African economic sectors: public management, finance, telecoms, agribusiness, mining, energy, transport, communication, and education.
It also designs and manages specialized media, both online and print, for African institutions and publishers.

SALES & ADVERTISING

regie@agenceecofin.com 
Tél: +41 22 301 96 11 
Mob: +41 78 699 13 72


EDITORIAL
redaction@agenceecofin.com

More information
Team
Publisher

ECOFIN AGENCY

Mediamania Sarl
Rue du Léman, 6
1201 Geneva
Switzerland

 

Ecofin Agency is a sector-focused economic news agency, founded in December 2010. Its web platform was launched in June 2011. ©Mediamania.

 
 

Please publish modules in offcanvas position.