For achieving the N100 trillion milestone on the Nigerian Exchange (NGX), President Bola Tinubu has praised business Nigeria, Nigerians, and other participants in the country’s capital market.
In a statement released on Thursday by his media assistant, Bayo Onanuga, the president described the historic accomplishment as a source of motivation for investors who work in the money and capital markets.
As his administration’s economic reforms continue to produce stronger results, he encouraged Nigerians to increase their investments in the local sector, promising that 2026 will provide even bigger rewards.
“A new economic reality and revitalization are emerging in the country as the Nigerian Exchange (NGX) surpasses the landmark N100 trillion market capitalization threshold.
“The NGX All-Share Index was rising in 2025 when many global markets suffered from stagnation or a weak recovery. With a 51.19% return at the end of 2025, it outperformed the 37.65% return in 2024.
According to the president, this performance is among the best in the world. The year-to-date returns have greatly exceeded those of the FTSE 100, the S&P 500, and even several of our BRICS+ group emerging-market rivals.
“Nigeria is a compelling destination where value is being discovered; 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’ faith in our economy since it represents the entire economy.
We have observed outstanding results from listed companies in every industry on the NGX. Nigerian businesses are demonstrating that the nation can provide significant 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 have only just begun. The pipeline for future and new listings appears to be strong. In order to finance their growth, more domestic energy companies, tech unicorns, telecoms, and infrastructure-heavy organizations are attempting to enter the public market. These companies’ listing will increase market capitalization and strengthen democratic control over the Nigerian economy.
“We are not just commemorating the exceptional performance of the stock market. We are also commemorating our policies’ microeconomic impacts. The inflation curve is finally bending after the early challenges that accompanied our measures. The withdrawal of distortionary “Ways and Means” funding and significant monetary tightening have brought stability back to the naira.
Additionally, over the last eight months, there has been a steady decline in inflation due to investments in the agriculture sector. Inflation fell to 14.45% as of November 2025 from a 24-month high of 34.8% in December 2024, and estimates show it will reach 12% in 2026. In fact, before the end of this year, inflation is probably going to drop below 10%, which will raise living standards and spur GDP growth. In terms of bringing prosperity to every Nigerian, 2026 is expected to be a historic year.
The state of our country’s current account, a reliable indicator of our general economic well-being, is also significant. Nigeria reported a $16 billion surplus for 2024. The Central Bank of Nigeria (CBN) predicts that our current account balance will increase from $16.94 billion in 2025 to $18.81 billion in 2026.
“Under our leadership, Nigeria is importing less of what we can make domestically and exporting more. By the third quarter of 2025, non-oil exports reached N9.2 trillion, a 48% increase. Africa alone saw a 97% increase in exports to N4.9 trillion. The second quarter of 2025 had a 67% year-over-year gain in manufacturing exports, indicating a successful end to the year.
Nigeria now has more than $45 billion in foreign reserves, which gives the central bank the ability to keep the country stable. The naira’s volatility, which had previously encouraged speculation, has subsided. In its most recent forecast, the Central Bank of Nigeria predicts that in the first quarter of 2026, foreign reserves will surpass $50 billion.
Additionally, our ports are being revitalized, key arterial highways are being completed, and rail networks are expanding. The country’s infrastructure is expanding thanks to the revolutionary Sokoto-Badagry and Lagos-Calabar superhighways.
“Our Medicare facilities are getting better, and the cost of medical travel is going down. The Nigeria Education Loan Fund (NELFUND) benefits our students, and universities are getting more funding for research.
