Segun Atanda/
President Bola Ahmed Tinubu has applauded investors and stakeholders in Nigeria’s capital market for pushing the Nigerian Exchange (NGX) past a historic N100 trillion market capitalisation, describing the milestone as proof of a rejuvenated economy and renewed investor confidence.
In a State House statement today, the President says the record achievement should inspire Nigerians to deepen investments in the local economy, assuring that 2026 will deliver even stronger returns as his administration’s economic reforms take firmer root.
“With the NGX crossing the N100 trillion mark, Nigeria is witnessing the birth of a new economic reality,” Tinubu stated, noting that the market’s performance in 2025 stood out globally. He disclosed that the NGX All-Share Index closed the year with a 51.19% return, up from 37.65% in 2024, outperforming major benchmarks such as the S&P 500 and FTSE 100, as well as several emerging-market peers.
According to the President, the rally reflects broad-based strength across sectors, from blue-chip industrial firms that have localised supply chains to a resilient banking sector driven by technology and innovation.
He added that a robust pipeline of new listings, spanning indigenous energy companies, tech unicorns, telecoms and infrastructure-heavy firms, would further deepen democratic ownership of the economy and lift market capitalisation.
Tinubu linked the stock market’s momentum to wider macroeconomic improvements. He said inflation had been on a sustained downward path following decisive monetary tightening and the removal of distortionary “Ways and Means” financing, alongside rising agricultural output. Inflation, which peaked at 34.8% in December 2024, eased to 14.45% by November 2025, with projections pointing to 12% in 2026 and a possible dip below 10% before year-end.
The President also highlighted Nigeria’s strengthening external position. He noted that the country recorded a $16 billion current account surplus in 2024, with projections of $18.81 billion in 2026, citing data from the Central Bank of Nigeria. Non-oil exports surged 48% by Q3 2025 to N9.2 trillion, while exports to Africa jumped 97% to N4.9 trillion. Manufacturing exports rose 67% year-on-year in Q2 2025.
Nigeria’s foreign reserves, Tinubu added, crossed $45 billion and are expected to exceed $50 billion in the first quarter of 2026, helping to stabilise the naira and curb speculative volatility.
Beyond markets, the President pointed to progress in infrastructure, expanding rail lines, upgraded ports, and major highways, as well as gains in healthcare, education financing through NELFUND, and increased research grants for universities.
“The N100 trillion market capitalisation is a signal to the world that the Nigerian economy is robust and productive,” Tinubu stated, pledging to sustain reforms and build “an egalitarian, transparent, and high-growth economy” powered by landmark tax and fiscal changes that took effect on January 1, 2026.
The statement was signed by Bayo Onanuga, Special Adviser to the President on Information and Strategy.
0Related posts:
Buhari Delivers 2018 Budget of Consolidation to National Assembly
Full 2020 Budget Speech
Interrogating Two Years of Nigeria’s Foreign Policy Under President Tinubu
Why We Are Borrowing, FG Explains as Minister Presents Buhari’s 2019 Scorecard *Says There’s No Cause for Alarm
Full Text of 2022 Budget Proposal, By President Muhammadu Buhari
Tinubu Hails Capital Market Boom, Pledges More Reforms as NGX Invites Him to Trading Floor