President Bola Tinubu has commended corporate Nigeria, investors and other stakeholders for pushing the Nigerian Exchange (NGX) past the historic ₦100 trillion market capitalisation mark, describing the feat as a clear signal of renewed confidence in the nation’s economy.
The President, who urged Nigerians to deepen investments in the local economy, assured that 2026 would deliver even stronger returns as his administration’s economic reforms continue to mature.
Tinubu’s remarks were contained in a statement issued on Thursday by his Special Adviser on Information and Strategy, Bayo Onanuga, following the NGX’s record-breaking performance.
According to the President, the ₦100 trillion milestone marks the emergence of what he described as “a new economic reality and rejuvenation” for Nigeria’s capital market.
“With the Nigerian Exchange crossing the historic ₦100 trillion market capitalisation mark, the country is witnessing the birth of a new economic reality,” the statement reads.
Tinubu noted that while many global markets struggled in 2025, Nigeria’s stock market recorded exceptional growth, with the NGX All-Share Index closing the year with a 51.19 per cent return, outperforming major global indices including the S&P 500, FTSE 100 and several emerging-market peers.
He added that the market’s performance showed Nigeria was no longer a peripheral investment destination.
“Nigeria is no longer a frontier market to be ignored—it is now a compelling destination where value is being discovered,” Tinubu said.
The President also highlighted strong performances across key sectors of the economy, including banking, industry and technology, attributing the growth to resilience, innovation and increasing localisation of supply chains.
He further disclosed that several indigenous energy firms, tech companies, telecoms and infrastructure-focused entities are preparing to access the capital market.
Beyond equities, Tinubu said recent reforms were yielding broader macroeconomic gains, including a sustained decline in inflation, improved foreign reserves and increased export performance.
According to him, inflation fell from a 24-month high of 34.8 per cent in December 2024 to 14.45 per cent by November 2025, with projections indicating a further drop to 12 per cent in 2026.
The President also revealed that Nigeria’s foreign reserves have exceeded $45 billion, while the Central Bank of Nigeria projects they will surpass $50 billion in the first quarter of 2026.
Tinubu said Nigeria’s current account balance remained strong, with a surplus of $16 billion in 2024, and projections of $18.81 billion by 2026, driven largely by rising non-oil exports and reduced import dependence.
He added that infrastructure expansion, improvements in healthcare delivery, reduced medical tourism costs, and increased access to education financing through the Nigeria Education Loan Fund (NELFUND) were part of the broader economic turnaround.
Describing nation-building as a continuous process, the President said the ₦100 trillion market capitalisation milestone sends a strong message to the global investment community about Nigeria’s economic resilience.
“The ₦100 trillion market capitalisation is a signal to the world that the Nigerian economy is robust and productive,” he said, pledging to continue driving reforms aimed at building a transparent, inclusive and high-growth economy.