President Bola Tinubu has commended corporate Nigeria, investors and other stakeholders in the capital market for pushing the Nigerian Exchange (NGX) past the N100 trillion market capitalisation mark.
He described the feat as a signal of renewed economic strength and investor confidence.
In a statement issued on Thursday by his Special Adviser on Information and Strategy, Bayo Onanuga, the President said the milestone marked the emergence of “a new economic reality” for Nigeria and should inspire Nigerians to deepen their investments in the local economy.
The president noted that the NGX All-Share Index closed 2025 with a return of 51.19 per cent, up from 37.65 per cent in 2024, ranking among the strongest performances globally.
He said year-to-date returns had outperformed major indices such as the S&P 500 and FTSE 100, as well as several emerging markets.
According to the President, the strong performance of listed companies across sectors including industry, banking, energy and technology demonstrates Nigeria’s capacity to deliver attractive returns on investment.
He added that a robust pipeline of new listings, including indigenous energy firms, tech companies, telecoms and infrastructure-related entities, is expected to further boost market capitalisation and broaden ownership of the economy.
He linked the stock market rally to wider economic reforms undertaken by his administration, citing declining inflation, improved currency stability and stronger external balances. He said inflation had eased from a peak of 34.8 per cent in December 2024 to 14.45 per cent by November 2025, with projections pointing to a further decline in 2026.
The President also highlighted improvements in Nigeria’s current account position, which posted a $16 billion surplus in 2024 and is projected by the Central Bank of Nigeria (CBN) to rise to $18.81 billion in 2026.
He said non-oil exports had grown significantly, while foreign reserves had surpassed $45 billion, with expectations of crossing $50 billion in early 2026.
Tinubu further pointed to ongoing investments in infrastructure, healthcare and education, including expanded rail networks, major highway projects, improved medical facilities and increased access to education financing through the Nigeria Education Loan Fund.
Describing the N100 trillion market capitalisation as a positive signal to global investors, the President pledged to continue pursuing policies aimed at building a transparent, inclusive and high-growth economy, supported by recently implemented tax and fiscal reforms.
