Dare Babalola
President Bola Tinubu has hailed the Nigerian Exchange (NGX) surpassing the N100 trillion market capitalization milestone, describing it as “the birth of a new economic reality and rejuvenation.”
Bayo Onanuga, Special Adviser to the President on Information and Strategy, released the statement, quoting Tinubu on Thursday.
The statement urged Nigerians to deepen their investments in the local economy, assuring that 2026 will yield even greater returns as his administration’s economic reforms continue to deliver stronger outcomes.
“The NGX crossing the historic N100 trillion market capitalisation mark is a significant indicator of the country’s economic health and the confidence investors have in our economy.
“This achievement is a testament to the resilience and potential of the Nigerian economy, and a reflection of the trust investors have in our policies and reforms,” Tinubu said in the statement.
The President highlighted the NGX’s impressive performance, noting that it closed 2025 with a 51.19% return, outpacing the S&P 500, FTSE 100, and many emerging-market peers.
He added, “Nigeria is no longer a frontier market to be ignored—it is now a compelling destination where value is being discovered.
“The stellar performance of the NGX is a clear indication that Nigeria is on the right path, and that our economic reforms are yielding results.”
Tinubu attributed the success to the administration’s economic reforms, citing declining inflation, a stable Naira, and increased investments in agriculture.
“After the initial headwinds that followed our reforms, we are finally seeing a bend in the inflation curve,” he said, projecting inflation to reach 12% in 2026.
“This is a significant achievement, and we expect it to continue to trend downwards, leading to improved living standards and accelerated GDP growth.”
The President also highlighted improvements in infrastructure, healthcare, and education, assuring Nigerians of a brighter future.
He said, “The year 2026 promises to be an epochal year for delivering prosperity to all Nigerians. We are seeing an expansion of the rail networks, the completion of major arterial roads, and the revitalisation of our ports. Our medicare facilities are improving, and medical tourism costs are declining. Our students benefit from the Nigeria Education Loan Fund (NELFUND), and universities are receiving increased research grants.”
Tinubu emphasised that nation-building is a process, not a destination, and that hard work, sacrifices, and focus are required to achieve success.
“The N100 trillion market capitalisation is a signal to the world that the Nigerian economy is robust and productive.
“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.”
