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
Ghana rolls out Publican AI at Tema Port, with early revenue rising from GH₵2.4bn to GH₵3.6bn after deployment System flags undervaluation and fraud...
Rice is deeply rooted in diets but demand now far outpaces local supply Production has increased across the region, yet value chains remain...
Jet fuel prices surge across African markets, rising from $0.74 to $1.40 per liter in Kenya after Middle East supply...
Despite decades of declining output, South Africa remains a major gold producer. While other leading African producers show year-to-year volatility, the...
Most Read
01

Mediterrania Capital bought Australian Amcor's Moroccan packaging unit Enko Capital took ov...

Two Other African-focused Private Equity Firms to Snap Up assets shed by Global Majors
02

Enko Capital acquires Servair’s fast-food unit in Côte d’Ivoire, including the Burger King franchi...

Enko Capital Buys Burger King Côte d’Ivoire in Servair Restructuring
03

Standard Chartered arranges $2.33 billion for Tanzania railway project Funding support...

Tanzania Secures $2.33 Billion in Syndicated Financing for Standard Gauge Railway
04

Central bank to release $1 billion in cash to curb black market demand Move aims to ease inf...

Libya Opens Dollar Sales to Ease Pressure on Dinar and Prices
05

From eastern Chad, where measles and meningitis are spreading through overcrowded refugee camps, to ...

Weekly Health Update | Vaccination Gains Advance in Africa; Antimalarial Resistance Threatens Progress
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.