Tinubu Hails NGX’s ₦100trn Market Boom, Urges Nigerians to Invest More at Home

 

President Bola Ahmed Tinubu has applauded corporate Nigeria, investors, and capital market stakeholders for driving the Nigerian Exchange (NGX) beyond the historic ₦100 trillion market capitalisation mark, describing the feat as a major boost for national confidence and economic renewal.

The President said the milestone sends a powerful signal to both local and global investors that Nigeria’s economy is regaining strength and credibility.

In a statement issued by his spokesman, Bayo Onanuga, Tinubu called on Nigerians to deepen their investments in the domestic economy, assuring that 2026 will deliver even stronger returns as ongoing economic reforms continue to yield results.

“With the NGX surpassing the ₦100 trillion mark, Nigeria is ushering in a new era of economic vitality and renewal,” the President said.

NGX Among World’s Top Performers

Tinubu noted that while many global markets struggled with stagnation in 2025, the NGX recorded outstanding performance, with the All-Share Index rising by 51.19 percent, surpassing the previous year’s 37.65 percent growth and ranking among the best-performing markets globally.

According to him, year-to-date gains on the NGX outpaced major global benchmarks such as the S&P 500, FTSE 100, and several BRICS+ emerging markets.

“Nigeria has evolved from a once-overlooked frontier market into a prime destination for value-driven investment,” he said, adding that the stock market’s performance reflects growing investor confidence in the broader economy.

Strong Corporate Performance, More Listings Ahead

The President highlighted the strong showing of listed companies across key sectors, including industrial firms localising supply chains and a resilient banking sector driving innovation.

He disclosed that a strong pipeline of new listings—spanning indigenous energy companies, tech unicorns, telecoms, and infrastructure firms—is expected to further boost market capitalisation and expand inclusive ownership of the economy.

“This is just the beginning,” Tinubu said.

Reforms Delivering Tangible Results

Tinubu attributed the ₦100 trillion milestone to the benefits of his administration’s economic reforms, noting that inflation has begun to decline after initial challenges.

He said inflation dropped from a 24-month peak of 34.8 percent in December 2024 to 14.45 percent by November 2025, with projections of 12 percent in 2026 and single-digit inflation before the end of the year.

He added that Nigeria’s current account surplus rose from $16 billion in 2024 to $16.94 billion in 2025, and is projected to hit $18.81 billion in 2026.

Exports, Reserves and Infrastructure Growth

According to the President, non-oil exports surged by 48 percent to ₦9.2 trillion by Q3 2025, with exports to African countries rising by 97 percent and manufacturing exports increasing by 67 percent year-on-year.

He also said Nigeria’s foreign reserves have exceeded $45 billion and are projected to cross $50 billion by Q1 2026, strengthening the naira and reducing volatility.

Tinubu highlighted ongoing infrastructure upgrades, including expanded rail networks, major highways such as the Lagos–Calabar and Sokoto–Badagry superhighways, port revitalisation, healthcare upgrades to curb medical tourism, and increased funding for education and research through NELFUND.

Call for National Commitment

“Nation-building demands hard work, sacrifice, and focus,” the President said, adding that the ₦100 trillion market capitalisation milestone demonstrates Nigeria’s resilience and economic dynamism.

“As your President, I remain committed to building an equitable, transparent, and high-growth economy—supercharged by our tax and fiscal reforms now fully in effect from January 1,” Tinubu assured.