President Bola Tinubu has praised Nigerian corporations, citizens, and other capital market participants for achieving the N100 trillion milestone on the Nigerian Exchange (NGX).
The president described the unprecedented accomplishment as an encouragement for the investing public involved in the money and capital markets in a statement released on Thursday by his media assistant, Bayo Onanuga.
As his administration’s economic reforms continue to produce stronger results, he encouraged Nigerians to increase their investments in the local economy, promising even higher returns in 2026.
“A new economic reality and revitalization are emerging in Nigeria as the Nigerian Exchange (NGX) surpasses the landmark N100 trillion market capitalization threshold.
“The NGX All-Share Index was rising in 2025 while many global markets battled stagnation or a weak recovery. Compared to the 37.65% return in 2024, it ended 2025 with a 51.19% return.
According to the presidency, this performance is among the best in the world. The S&P 500, the FTSE 100, and even many of our emerging-market rivals in the BRICS+ group have not kept up with the year-to-date returns.
“Nigeria is an attractive destination where value is being uncovered; it is no longer a frontier market to be disregarded. The stock market’s outstanding performance is a key reflection of the nation’s economic health and investors’ trust in our economy since it represents the entire economy.
We have seen outstanding performance from listed companies in every industry on the NGX. Nigerian businesses are demonstrating that the nation can provide high returns on investment, from blue-chip industrial titans that have localized their supply chains to a banking industry that has shown resilience and technological innovation.
And we’re just getting started. There appears to be a strong pipeline for future and new listings. In order to finance their growth, more domestic energy companies, tech unicorns, telecoms, and infrastructure-heavy organizations are looking to enter the public market. These companies will increase market capitalization and strengthen democratic ownership of the Nigerian economy as they go public.
“The exceptional stock market performance is not the only reason we are celebrating it. The microeconomic results of our policies are also being celebrated. We are finally witnessing a bend in the inflation curve following the first challenges that accompanied our measures. The naira has regained stability as a result of significant monetary tightening and the elimination of distorting “Ways and Means” funding.
Additionally, over the last eight months, investments in the agriculture sector have helped to consistently lower inflation. Inflation fell to 14.45% as of November 2025 from a 24-month high of 34.8% in December 2024, and forecasts suggest it will reach 12% in 2026. In fact, before the year is out, inflation is probably going to drop below 10%, which will boost GDP growth and raise living standards. 2026 is expected to be a historic year for bringing prosperity to every Nigerian.
The state of our country’s current account, a reliable indicator of our general economic health, is also remarkable. Nigeria had a $16 billion surplus in 2024. Our current account balance is expected to increase from $16.94 billion in 2025 to $18.81 billion in 2026, according to the Central Bank of Nigeria (CBN).
“Nigeria is exporting more and importing less of what we can produce domestically under our rule. By the third quarter of 2025, non-oil exports had increased by 48% to N9.2 trillion. To N4.9 trillion, exports to Africa alone increased by 97%. In the second quarter of 2025, manufacturing exports rose 67% year over year, indicating a successful end to the year.
Nigeria’s foreign reserves have surpassed $45 billion, providing the central bank with the ability to sustain stability. The instability that once fueled speculation has subsided as the naira has stabilized. According to the Central Bank of Nigeria’s most recent forecast, foreign reserves would surpass $50 billion in the first quarter of 2026.
Additionally, key arterial highways are being completed, rail networks are expanding, and our ports are being revitalized. The country’s infrastructure is expanding thanks to the revolutionary Lagos-Calabar and Sokoto-Badagry superhighways.
“Medical tourism is becoming less expensive, and our Medicare facilities are getting better. Universities are getting more research grants, and our students benefit from the Nigeria Education Loan Fund (NELFUND).