RismadarVoice Reporters
January 8, 2026
President Bola Ahmed Tinubu has lauded corporate Nigeria, investors, and stakeholders in the capital market for pushing the Nigerian Exchange (NGX) past the historic N100 trillion market capitalization mark, describing the feat as a powerful signal of renewed economic confidence.
In a statement issued on Thursday, signed by Mr. Bayo Onanuga, Special Adviser to the President on Information and Strategy, the President said the milestone reflects the emergence of a new economic reality driven by sustained reforms and growing investor trust in the Nigerian economy. He urged Nigerians to deepen their investments at home, assuring that 2026 would deliver even stronger returns as reform outcomes continue to crystallise.
President Tinubu noted that despite global economic headwinds in 2025, Nigeria’s stock market recorded exceptional performance, with the NGX All-Share Index closing the year with a 51.19 per cent return, outperforming major global indices such as the S&P 500, FTSE 100, and several emerging markets.
“Nigeria is no longer a frontier market to be ignored. It is now a compelling destination where value is being discovered,” the President said, adding that the strong stock market performance mirrors broader economic recovery and investor confidence.
He highlighted robust performances across sectors, including industrial, banking, energy, technology, and telecommunications, noting that more indigenous firms are preparing to list on the Exchange, a development expected to further deepen market capitalisation and expand democratic ownership of the economy.
President Tinubu also pointed to improving macroeconomic indicators, including a sustained decline in inflation following initial reform-related pressures. He disclosed that inflation had eased from a 24-month high of 34.8 per cent in December 2024 to 14.45 per cent by November 2025, with projections of further moderation to about 12 per cent in 2026.
According to the President, Nigeria’s external position has also strengthened, with the country recording a $16 billion current account surplus in 2024 and projections of $18.81 billion by 2026. Non-oil exports surged by 48 per cent by the third quarter of 2025, while exports to African markets grew by 97 per cent, signalling improved industrial output and competitiveness.
He further revealed that Nigeria’s foreign reserves had crossed the $45 billion mark and are projected to exceed $50 billion in the first quarter of 2026, providing stability for the naira and cushioning against external shocks.
President Tinubu also cited ongoing investments in infrastructure, healthcare, education, and transport, including major highway projects, rail expansion, port revitalisation, improved medical facilities, and enhanced access to education financing through the Nigeria Education Loan Fund.
Describing the N100 trillion NGX milestone as a global signal of Nigeria’s economic resilience and productivity, the President reaffirmed his commitment to building a transparent, inclusive, and high-growth economy anchored on fiscal and tax reforms that took effect from January 1.
“Nation-building is a process, not a destination. The N100 trillion market capitalisation is a testament to the hard work, resilience, and focus of Nigerians,” Tinubu said.
