President Bola Ahmed Tinubu has commended corporate Nigeria, individual investors, and stakeholders in the capital market following the historic crossing of the N100 trillion market capitalisation mark on the Nigerian Exchange (NGX).
The President described the milestone as a powerful inspiration for investors in Nigeria’s money and capital markets, noting that it reflects renewed confidence in the country’s economic direction.
He urged Nigerians to deepen their investments in the local economy, assuring that 2026 would bring even greater returns as the impact of his administration’s economic reforms continues to strengthen.
According to Tinubu, the NGX’s achievement signals the emergence of a new economic reality for Nigeria.
“With the Nigerian Exchange crossing the historic N100 trillion market capitalisation mark, the country is witnessing the birth of a new economic reality and rejuvenation,” he said.
The President highlighted the exceptional performance of the Nigerian stock market despite global economic challenges.
He noted that while many global markets struggled in 2025, the NGX All-Share Index closed the year with a 51.19 per cent return, surpassing the 37.65 per cent recorded in 2024.
Tinubu said the performance ranked among the highest globally, with year-to-date returns significantly outperforming major indices such as the S&P 500 and the FTSE 100, as well as several emerging markets.
“Nigeria is no longer a frontier market to be ignored. It is now a compelling destination where value is being discovered,” he stated.
The President said the strong performance of the stock market mirrors broader economic health and growing investor confidence.
He pointed to impressive performances by listed companies across sectors, including industrial firms that have localised supply chains and banks demonstrating resilience and technological innovation.
Tinubu also revealed that the pipeline for new listings remains robust, with indigenous energy firms, technology companies, telecom operators, and infrastructure-heavy entities preparing to access the capital market.
He said these listings would further boost market capitalisation and deepen democratic ownership of the Nigerian economy.
Beyond the capital market, Tinubu said his administration’s reforms are delivering tangible microeconomic benefits.
He disclosed that inflation has steadily declined over the past eight months, dropping from a 24-month high of 34.8 per cent in December 2024 to 14.45 per cent in November 2025, with projections pointing to 12 per cent in 2026.
The President added that Nigeria’s current account surplus stood at $16 billion in 2024 and is projected to rise to $18.81 billion in 2026.
He noted that non-oil exports surged by 48 per cent by the third quarter of 2025, while manufacturing exports rose by 67 per cent year-on-year in the second quarter.
Nigeria’s foreign reserves, he said, have crossed $45 billion and are projected to exceed $50 billion in the first quarter of 2026, providing stability for the naira.
Tinubu also highlighted progress in infrastructure, healthcare, and education, citing expanded rail networks, major road projects, improved medical facilities, reduced medical tourism costs, and increased access to education funding through the Nigeria Education Loan Fund (NELFUND).
He described nation-building as a continuous process requiring sacrifice, discipline, and collective effort.
“The N100 trillion market capitalisation is a signal to the world that the Nigerian economy is robust and productive,” Tinubu said.
The President pledged to continue working towards building a transparent, inclusive, and high-growth economy, driven by historic tax and fiscal reforms that took full effect from January 1.
