The youngster recently scored his first Premier League goal against Everton.
Iwobi was brought into the first team squad this season after impressing in the club’s youth ranks.
He had to wait for his chance in the starting 11, having mostly featured in the FA Cup earlier in the campaign.
He was handed a surprise start against Barcelona in the Champions League last week, before following that up with his first Premier League goal against Everton on the weekend.
And he says the club’s stars have been more than supportive, saying he deserved to make the step up.
“The first-team players have told me that I’ve deserved to make the step up, that it comes with hard work,” he told arsenal.com.
“They advise me with a few things but most of the time they’re trying to keep me cool, relaxed and level-headed.”
“I’m just focused on playing as much football as I can for the rest of the season.”
Iwobi will now be hoping he is given further chances to impress between now and the end of the season.
Arsene Wenger will have been encouraged by the relationship he seems to be building with fellow forward Danny Welbeck, something which was evident against the Toffees.
With Olivier Giroud and Theo Walcott both struggling as well, there is no reason to not continue with him for the time being either.