President Bola Tinubu has commended corporate Nigeria, investors, and stakeholders in the capital market for driving the Nigerian Exchange (NGX) past the history's ₦100 trillion market capitalisation mark, describing the feat as evidence of a “new economic reality” for the country. In a statement issued by his Special Adviser on Information and Strategy, Bayo Onanuga, the President said the milestone should inspire greater participation in the money and capital markets, while encouraging Nigerians to deepen investments in the domestic economy.
"With the Nigerian Exchange crossing the historic ₦100 tn market capitalisation mark, the country is witnessing the birth of a new economic reality and rejuvenation," President Tinubu said.
He highlighted the NGX's strong performance in 2025, noting that the All-Share Index ended the year with a 51.19 per cent return, significantly higher than the 37.65 per cent recorded in 2024. According to him, the performance ranks among the best globally, outperforming major indices such as the S&P 500 and FTSE 100, as well as several emerging-market peers in the BRICS+ group.
"Nigeria is no longer a frontier market to be ignored; it is now a compelling destination where value is being discovered. The stock market reflects the entire economy, and its stellar performance is a significant indicator of the country's economic health and investor confidence," he said.
The President also drew attention to the robust showing of listed companies across key sectors, including industry, banking, and technology.
"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.
Tinubu attributed the achievement to his administration’s broader economic reforms, which he said have enhanced monetary stability, curbed inflation, and strengthened the naira.
“After the initial headwinds that followed our reforms, we are finally seeing a bend in the inflation curve. Crucial monetary tightening and the removal of distortionary ‘ways and means’ financing have restored stability to the naira.
“Investments in the agriculture sector have contributed to a consistent decline in inflation over the past eight months, from a 24-month high of 34.8 per cent in December 2024 to 14.45 per cent in November 2025. Inflation is projected to fall below 10 per cent by the end of this year, leading to improved living standards and accelerated GDP growth,” he said.
He further cited improvements in Nigeria’s external position, pointing to a current account surplus of $16 billion in 2024 and projections by the Central Bank that the balance will rise to $18.81 billion in 2026, from $16.94 billion in 2025. Foreign reserves, he noted, have exceeded $45 billion.
“Foreign reserves have crossed the $45 bn mark, giving the Central Bank the firepower to maintain stability. The naira has stabilised, moving away from the volatility that once fuelled speculation,” he said.
The President also referenced progress in infrastructure, healthcare, and education as signs of wider economic recovery.
“We are also seeing an expansion of the rail networks, the completion of major arterial roads, and the revitalisation of our ports. Our Medicare facilities are improving, medical tourism costs are declining, students benefit from the Nigeria Education Loan Fund, and universities are receiving increased research grants,” he said.
In conclusion, Tinubu urged Nigerians to actively participate in nation-building and the growth of the capital market.
“Nation-building is a process, not a destination. Hard work, sacrifices, and the focus of its citizens build a nation. The N100 tn market capitalisation is a signal to the world that the Nigerian economy is robust and productive. 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 1 January,” he said.
