President Bola Tinubu has lauded the Nigerian capital market, corporate citizens, and domestic investors for a historic achievement as the Nigerian Exchange (NGX) crossed the N100 trillion market capitalisation threshold.
In a statement by Bayo Onanuga, his Special Adviser on Information and Strategy, on Thursday, the President described the milestone as the birth of a new economic reality and a clear indicator of the country’s economic rejuvenation.
He urged Nigerians to seize the moment by deepening their local investments, promising that the rewards of his administration’s reforms will be even more evident in the coming year.
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Tinubu highlighted that while many global markets faced stagnation in 2025, the NGX All-Share Index was on a meteoric ascent.
The index closed 2025 with a 51.19% return, significantly outperforming the 37.65% recorded in 2024.
Nigerian stocks have outpaced the S&P 500, the FTSE 100, and many peers within the BRICS+ group.
The President noted a robust pipeline of upcoming listings, including indigenous energy firms, tech unicorns, and telecoms.
“Nigeria is no longer a frontier market to be ignored—it is now a compelling destination where value is being discovered,” Tinubu declared.
The President tied the stock market’s success to the broader microeconomic recovery.
He revealed that crucial monetary tightening and the removal of “Ways and Means” financing distortions have successfully stabilised the Naira and cooled the economy.
Nigeria’s inflation rate stood at 34.8% in December 2024 before declining sharply to 14.45% by November 2025, with projections indicating a further drop to around 12% in 2026, as authorities aim to bring it below 10%.
Meanwhile, the country’s foreign reserves, which were not specified in December 2024, rose to over $45 billion by November 2025 and are projected to exceed $50 billion in the first quarter of 2026.
Beyond the financial markets, the President noted a massive shift in Nigeria’s trade balance.
The nation posted a $16 billion current account surplus in 2024, which the Central Bank projects will rise to $18.81 billion by the end of 2026.
Non-oil exports surged by 48 per cent in the third quarter of 2025, reaching a total value of ₦9.2 trillion. Exports to African countries recorded an even stronger performance, rising by 97 per cent to ₦4.9 trillion over the same period.
The President also highlighted major infrastructure achievements, including the expansion of rail networks and the completion of key arterial roads such as the Lagos–Calabar and Sokoto–Badagry superhighways.
Tinubu pledged to remain relentless in building a transparent and high-growth economy.
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He noted that the historic tax and fiscal reforms that came into full effect on January 1, 2026, would further catalyse the nation’s prosperity.
“The N100 trillion market capitalisation is a signal to the world that the Nigerian economy is robust and productive,” he added, reminding citizens that nation-building is a continuous process fueled by hard work and local focus.
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