Tinubu hails NGX’s historic N100tn milestone as beacon of Nigeria’s economic rebirth
President Bola Tinubu
Abdullateef Fowewe
President Bola Tinubu has celebrated the Nigerian Exchange (NGX) surpassing the N100 trillion market capitalization mark, calling it a “new economic reality and rejuvenation” that signals Nigeria’s rise as a top global investment destination.
In a statement issued Thursday by Bayo Onanuga, Special Adviser to the President on Information and Strategy, Tinubu praised corporate Nigeria, citizens, and capital market stakeholders for the achievement.
He highlighted the NGX All-Share Index’s stellar 51.19% return in 2025—outpacing the S&P 500, FTSE 100, and many BRICS+ peers—amid global market struggles.
“With the Nigerian Exchange (NGX) crossing the historic N100 trillion market capitalisation mark, the country is witnessing the birth of a new economic reality and rejuvenation,” Tinubu said.
He enjoined Nigerians to invest more locally, assuring that his administration’s reforms would deliver even stronger returns in 2026.
Tinubu linked the stock market surge to wider reforms, noting remarkable performances across sectors like banking, industry, and energy.
He pointed to a robust pipeline of upcoming listings from tech unicorns, telecoms, and infrastructure firms, which will deepen market participation.
Key economic indicators underscore the progress:
• Inflation dropped from a 24-month high of 34.8% in December 2024 to 14.45% in November 2025, with projections below 10% by year-end.
• Current account surplus rose to $16.94 billion in 2025, projected at $18.81 billion in 2026.
• Non-oil exports surged 48% to N9.2 trillion by Q3 2025, with African exports up 97% to N4.9 trillion.
• Foreign reserves exceeded $45 billion, eyeing $50 billion in Q1 2026.
“Nigeria is no longer a frontier market to be ignored—it is now a compelling destination where value is being discovered,” the President emphasised, crediting monetary tightening, agricultural investments, and infrastructure projects like the Lagos-Calabar and Sokoto-Badagry superhighways.
Tinubu framed nation-building as an ongoing process driven by hard work, pledging continued focus on tax reforms effective from January 1 to foster an “egalitarian, transparent, and high-growth economy.”
