Tinubu hails NGX N100 trn milestone, urges Nigerians to invest more at home
President Bola Tinubu has commended corporate Nigeria, investors and other stakeholders for pushing the Nigerian Exchange (NGX) past the historic N100 trillion market capitalisation mark, describing the achievement as a strong signal of renewed confidence in the nation’s economy.
In a statement issued on Wednesday by his Special Adviser on Information and Strategy, Bayo Onanuga, the President said the milestone reflects a “new economic reality and rejuvenation” driven by ongoing reforms under his administration.
Tinubu noted that the NGX’s performance in 2025 ranked among the strongest globally, with the All-Share Index delivering a 51.19 per cent return, up from 37.65 per cent in 2024. According to him, the returns outperformed major global indices such as the S&P 500, FTSE 100 and several emerging markets, positioning Nigeria as an increasingly attractive investment destination.
“Nigeria is no longer a frontier market to be ignored—it is now a compelling destination where value is being discovered,” the President said, adding that the stock market’s performance mirrors growing confidence in the broader economy.
He attributed the gains to strong performances across sectors, including industrial companies that have localised supply chains and a banking sector showing resilience and technological innovation. Tinubu also revealed that the pipeline of new listings remains robust, with indigenous energy firms, technology companies, telecoms and infrastructure-focused entities preparing to access the capital market to fund expansion.
Beyond the stock market, the President highlighted what he described as improving macroeconomic fundamentals. He said inflation has been on a steady decline following monetary tightening and the removal of “Ways and Means” financing, dropping from a peak of 34.8 per cent in December 2024 to 14.45 per cent by November 2025, with projections of 12 per cent in 2026 and possibly below 10 per cent before the end of the year.
Tinubu also pointed to Nigeria’s improving external position, noting that the country recorded a current account surplus of $16 billion in 2024, with projections of $18.81 billion by 2026. Non-oil exports, he said, rose by 48 per cent by the third quarter of 2025 to N9.2 trillion, while exports to Africa surged by 97 per cent.
According to the President, foreign reserves have exceeded $45 billion and are projected by the Central Bank of Nigeria to cross $50 billion in the first quarter of 2026, helping to stabilise the naira and reduce volatility.
He further cited progress in infrastructure, healthcare and education, including expanded rail networks, major highway projects, improved medical facilities, reduced medical tourism costs, and increased access to education financing through the Nigeria Education Loan Fund.
Calling on Nigerians to deepen their participation in the local economy, Tinubu assured that 2026 would deliver even stronger returns as reforms continue to take effect.
“The N100 trillion market capitalisation is a signal to the world that the Nigerian economy is robust and productive,” he said, pledging to continue pursuing transparent, inclusive and high-growth economic policies anchored on tax and fiscal reforms that took full effect from January 1.
