President Bola Tinubu has commended corporate Nigeria, investors and capital market stakeholders for pushing the Nigerian Exchange (NGX) beyond the historic N100 trillion market capitalisation threshold.
The commendation was contained in a statement issued on Thursday in Abuja by the Presidential Spokesperson, Mr. Bayo Onanuga.
Tinubu described the achievement as a clear indication of growing investor confidence and renewed trust in the country’s economic trajectory.
He encouraged Nigerians to increase investments in the domestic economy, assuring that 2026 would deliver stronger returns as ongoing reforms gain full traction.
“With the NGX surpassing the N100 trillion market capitalisation milestone, Nigeria is entering a new phase of economic transformation and renewal,” the President said.
He noted that despite challenges faced by many global markets in 2025, the NGX All-Share Index recorded a return of 51.19 per cent, surpassing the 37.65 per cent posted in 2024.
According to him, the performance ranks among the best globally, outperforming major indices such as the S&P 500, FTSE 100 and several emerging market benchmarks.
“Nigeria can no longer be dismissed as a marginal market. It has become an attractive investment destination where real value is being unlocked,” Tinubu stated.
The President said the strong performance of the stock market reflects broad-based investor confidence in the economy and affirms the effectiveness of ongoing reforms.
He highlighted notable gains across key sectors, including industry, banking, technology and infrastructure, noting that Nigerian companies are delivering sustainable returns on investment.
Tinubu said the pipeline of new listings remains robust, with companies in the energy, telecommunications, technology and infrastructure sectors seeking entry into the capital market.
He added that additional listings would further expand market capitalisation and promote wider citizen participation in economic ownership.
The President noted that reforms were also yielding positive outcomes at the microeconomic level after initial adjustment challenges.
He said inflation has continued to moderate following monetary tightening and the discontinuation of distortionary Ways and Means financing, declining from 34.8 per cent in December 2024 to 14.45 per cent in November 2025.
Tinubu projected that inflation would ease further in 2026, improving living standards and supporting stronger GDP growth.
He also pointed to improvements in Nigeria’s external accounts, noting that the country recorded a $16 billion current account surplus in 2024, with projections rising to $18.81 billion by 2026.
According to him, non-oil exports surged by 48 per cent by the third quarter of 2025 to N9.2 trillion, while exports to Africa increased by 97 per cent and manufacturing exports grew by 67 per cent year-on-year.
The President said Nigeria’s foreign reserves have risen above $45 billion, strengthening the naira and providing a buffer against external shocks, with the Central Bank projecting reserves to exceed $50 billion in the first quarter of 2026.
Tinubu also highlighted progress in infrastructure development, including rail expansion, road construction and port modernisation, citing the Lagos–Calabar and Sokoto–Badagry superhighways as transformative national projects.
He added that improvements were being recorded in healthcare delivery, reductions in medical tourism costs and expanded access to education financing through the Nigeria Education Loan Fund (NELFUND).
“Nation-building is an ongoing process. The N100 trillion market capitalisation milestone is evidence that Nigeria’s economy is resilient, productive and on a sustainable growth path,” the President said.
He reaffirmed his administration’s commitment to building a transparent, inclusive and high-growth economy anchored on fiscal and tax reforms that took effect from January 1.