Tinubu applauds NGX N100trn milestone, urges Nigerians to invest more locally

President Bola Tinubu has commended corporate Nigeria, investors, and other stakeholders in the Nigerian capital market for surpassing the historic N100 trillion market capitalisation on the Nigerian Exchange (NGX).

Describing the achievement as a “new economic reality and rejuvenation,” President Tinubu said the milestone reflects the growing confidence of investors in Nigeria’s economy.

He urged Nigerians to deepen their investments locally, assuring that 2026 would deliver even stronger returns as his administration’s economic reforms continue to take effect.

“While many global markets struggled in 2025, the NGX All-Share Index recorded a 51.19% return, outperforming major international indices including the S&P 500 and FTSE 100,” he said. “Nigeria is no longer a frontier market to be ignored—it is now a compelling destination for investment.”

The President highlighted strong performances across various sectors, including industrial, banking, energy, technology, and telecoms, noting that upcoming listings from indigenous firms would further boost market capitalisation and promote wider economic participation.

Beyond the stock market, Tinubu cited broader economic improvements under his administration.

Inflation has declined from a 24-month high of 34.8% in December 2024 to 14.45% in November 2025, with projections to reach 12% by the end of 2026.

Nigeria’s current account surplus is expected to rise to $18.81 billion, while foreign reserves have surpassed $45 billion. Non-oil exports grew by 48% in 2025, with manufacturing exports up 67% year-on-year.

Infrastructure developments, including expanded rail networks, new highways, and revitalised ports, were also highlighted, alongside improvements in healthcare, education funding, and medical tourism.

President Tinubu concluded by pledging continued efforts to build a transparent, egalitarian, and high-growth economy, reinforced by the ongoing tax and fiscal reforms that took effect in January 2026.