Nigeria Aims to Bring Formula 1 Back to Africa with $500m Abuja Grand Prix Bid

Nigeria has officially submitted a $500 million proposal to host a Formula 1 Grand Prix in Abuja. The bid, led by Opus Racing Promotions and the National Sports Commission, seeks to position the capital as a premier destination for major global sporting events. Organisers say Abuja’s improved infrastructure and growing investment opportunities make hosting an F1 race more achievable than many expect. The plan is expected to boost tourism, stimulate economic activity, and showcase Nigeria’s ability to stage world-class competitions. If approved, the Abuja Grand Prix would be the first Formula 1 race held on African soil since 1993. Supporters believe the event could attract thousands of visitors, international media, racing teams, and investors, generating significant revenue for hospitality, transport, and related industries.

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