President Bola Ahmed Tinubu has applauded corporate Nigeria, investors, and stakeholders in the capital market following the Nigerian Exchange’s (NGX) historic attainment of a N100 trillion market capitalisation, describing the achievement as a powerful signal of renewed economic confidence and resilience.
In a statement issued on Wednesday by his Special Adviser on Information and Strategy, Bayo Onanuga, the President said the milestone marked the emergence of “a new economic reality” and urged Nigerians to channel more investments into the domestic economy as reforms continue to yield positive results.
“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,” President Tinubu said.
He noted that despite global economic headwinds, Nigeria’s capital market recorded one of the strongest performances worldwide in 2025.
“In 2025, while many of the world’s markets struggled with stagnation or tepid recovery, the NGX All-Share Index was on the ascent. It closed 2025 with a 51.19% return, higher than the 37.65% recorded in 2024. This performance ranks among the highest in the world. Year-to-date returns have significantly outpaced the S&P 500, the FTSE 100, and even many of our emerging-market peers in the BRICS+ group,” he stated.
According to the President, the market’s performance reflects growing investor confidence in Nigeria’s economic direction.
“Nigeria is no longer a frontier market to be ignored—it is now a compelling destination where value is being discovered. As the stock market reflects the entire economy, its stellar performance is a significant indicator of the country’s economic health and the confidence investors have in our economy,” Tinubu said.
He highlighted strong performances across multiple sectors of the economy, noting that Nigerian companies are increasingly delivering competitive returns.
“On the NGX, we have witnessed remarkable performances from listed companies across all sectors. From blue-chip industrial giants that have localised their supply chains, to a banking sector that has demonstrated resilience and technological innovation, Nigerian companies are proving that the country can deliver strong returns on investment,” he added.
The President also revealed that the outlook for new listings on the Exchange remains robust, with several indigenous firms preparing to access the public market.
“And we are just getting started. The pipeline for new and upcoming listings looks robust. More indigenous energy firms, tech unicorns, telecoms, and infrastructure-heavy entities are seeking to access the public market to fund their expansion. As these firms are listed, they will boost market capitalisation and deepen democratic ownership of the Nigerian economy,” he said.
Beyond the stock market, Tinubu pointed to broader economic indicators showing signs of sustained recovery, including a steady decline in inflation.
“We are not celebrating the superlative stock market performance in isolation. We are also celebrating the microeconomic effects of our reforms. After the initial headwinds that followed our reforms, we are finally seeing a bend in the inflation curve,” he noted.
He disclosed that inflation had dropped significantly from its peak.
“From a 24-month high of 34.8% in December 2024, inflation decelerated to 14.45% as of November 2025, with projections indicating it will reach 12% in 2026. Indeed, inflation is likely to fall below 10 per cent before the end of this year, leading to improved living standards and accelerated GDP growth. The year 2026 promises to be an epochal year for delivering prosperity to all Nigerians,” Tinubu said.
The President further highlighted improvements in Nigeria’s external accounts, foreign reserves, and trade performance.
“In 2024, Nigeria posted a surplus of $16 billion. According to the Central Bank of Nigeria (CBN), our current account balance is projected to rise to $18.81 billion in 2026, up from $16.94 billion in 2025,” he said.
He added that non-oil exports surged by 48 per cent by the third quarter of 2025, while exports to Africa increased by 97 per cent, alongside a significant rise in manufacturing exports.
Tinubu also noted that Nigeria’s foreign reserves have crossed $45 billion, with projections that they would exceed $50 billion in the first quarter of 2026, helping to stabilise the naira.
Highlighting infrastructure and social sector gains, the President cited ongoing expansion of rail networks, major highways, ports, healthcare facilities, and education financing through the Nigeria Education Loan Fund (NELFUND).
“Nation-building is a process, not a destination. Hard work, sacrifices, and the focus of its citizens build a nation. The N100 trillion market capitalisation is a signal to the world that the Nigerian economy is robust and productive,” Tinubu said.
He reaffirmed his administration’s commitment to sustained economic growth and inclusive prosperity.
“As your leader, I pledge to continue working unrelentingly to build an egalitarian, transparent, and high-growth economy that will be further catalysed by the historic tax and fiscal reforms that came into full implementation from January 1,” the President added.
The statement was signed by Bayo Onanuga, Special Adviser to the President on Information and Strategy, and dated January 8, 2026.
