President Bola Tinubu has commended corporate Nigeria, investors, and other stakeholders in the capital market for pushing the Nigerian Exchange (NGX) beyond the historic N100 trillion market capitalisation milestone.
The President described the achievement as a strong signal of renewed confidence in the Nigerian economy and an inspiration to both local and foreign investors participating in the money and capital markets.
According to a statement issued by the Special Adviser to the President on Information and Strategy, Bayo Onanuga, President Tinubu urged Nigerians to deepen their investments in the domestic economy, assuring that 2026 would deliver even greater returns as the impact of his administration’s economic reforms continues to strengthen.
President Tinubu said the NGX’s performance reflects the emergence of a new economic reality, noting that the market’s growth underscores the resilience and renewed momentum of Nigeria’s economy.
He noted that in 2025, while many global markets struggled with stagnation or weak recovery, the NGX All-Share Index closed the year with a 51.19 per cent return, surpassing the 37.65 per cent recorded in 2024 and ranking among the best-performing markets globally.
The President said Nigeria is no longer a frontier market to be ignored but a compelling destination where value is being discovered, adding that the stock market’s strong showing mirrors the overall health of the economy and growing investor confidence.
He highlighted strong performances across sectors, from industrial companies that have localised supply chains to a resilient and technologically innovative banking sector, demonstrating Nigeria’s capacity to deliver sustainable returns on investment.
President Tinubu also pointed to a robust pipeline of new listings, with indigenous energy firms, technology companies, telecoms operators, and infrastructure-heavy entities preparing to access the capital market to fund expansion and deepen democratic ownership of the economy.
He said the administration’s reforms are delivering broader microeconomic gains, including a steady decline in inflation, improved monetary stability, and a more stable naira following decisive fiscal and monetary policy actions.
The President disclosed that Nigeria recorded a $16 billion current account surplus in 2024, with projections from the Central Bank of Nigeria indicating a rise to $18.81 billion in 2026.
He further revealed that non-oil exports surged by 48 per cent by the third quarter of 2025, while exports to Africa rose by 97 per cent, alongside significant growth in manufacturing exports.
President Tinubu added that Nigeria’s foreign reserves have crossed the $45 billion mark, with projections that they will exceed $50 billion in the first quarter of 2026, strengthening the Central Bank’s capacity to maintain economic stability.
He said the expansion of rail networks, completion of major arterial roads, and revitalisation of the nation’s ports are progressing steadily, with transformative infrastructure projects such as the Lagos-Calabar and Sokoto-Badagry superhighways expected to significantly boost trade, connectivity, and economic growth across the country.
The President also cited improvements in healthcare delivery, declining medical tourism costs, expanded access to education through the Nigeria Education Loan Fund, and increased research grants for universities.
He reaffirmed his commitment to building an egalitarian, transparent, and high-growth economy, describing the N100 trillion market capitalisation as a strong signal to the world that Nigeria’s economy is resilient, productive, and open for investment.
Editor: Ken Eseni
