President Bola Tinubu has commended corporate Nigeria, investors and other stakeholders in the capital market for pushing the Nigerian Exchange (NGX) past the historic ₦100 trillion market capitalisation milestone.
The President described the achievement as a strong source of inspiration for investors in the money and capital markets, urging Nigerians to deepen their investments in the local economy.
He expressed confidence that 2026 would deliver even greater returns as the administration’s economic reforms continue to yield results.
President Tinubu noted that despite global market challenges in 2025, the NGX All-Share Index recorded an impressive 51.19 per cent return, outperforming the 37.65 per cent achieved in 2024.
He said the performance ranks among the best globally, surpassing major indices such as the S&P 500, FTSE 100 and several emerging markets, including BRICS peers.According to him, Nigeria is no longer a frontier market to be overlooked but an increasingly attractive investment destination where real value is being unlocked.
He added that the strong performance of the stock market reflects broader economic health and growing investor confidence in the Nigerian economy.
The President highlighted remarkable performances across all sectors of the NGX, noting that from industrial giants localising supply chains to a resilient and innovative banking sector, Nigerian companies are demonstrating their capacity to deliver strong returns on investment.
He further disclosed that under the current administration, Nigeria is exporting more and importing less of what it can produce locally. Non-oil exports rose by 48 per cent to ₦9.2 trillion by the third quarter of 2025, while exports to Africa jumped by 97 per cent to ₦4.9 trillion.
Manufacturing exports also increased by 67 per cent year-on-year in the second quarter of 2025.
President Tinubu added that Nigeria’s foreign reserves have exceeded $45 billion, strengthening the Central Bank’s capacity to maintain economic stability, with projections indicating a rise to $50 billion in the first quarter of 2026.
He also noted that the naira has stabilised, moving away from the volatility that previously encouraged speculation.
On infrastructure, the President said the country is witnessing expanded rail networks, completed arterial roads and revitalised ports, alongside transformative projects such as the Lagos–Calabar and Sokoto–Badagry superhighways, which are expected to further boost economic growth.
Reporting by Zaccheaus Babalola