President Bola Ahmed Tinubu has expressed delight over the Nigerian Exchange (NGX) reaching a historic milestone after its market capitalisation crossed the ₦100 trillion mark, describing the achievement as a strong indicator of renewed investor confidence in Nigeria’s economy.
In a statement released by his media aide, the President congratulated market operators, investors and corporate institutions, noting that the feat reflects growing trust in the country’s economic direction and reform agenda. According to him, the performance of the capital market demonstrates the resilience of Nigeria’s financial system despite prevailing global economic uncertainties.
Tinubu said the landmark valuation underscores the positive impact of ongoing economic reforms aimed at restoring macroeconomic stability, improving fiscal discipline and creating a more attractive environment for both local and foreign investors. He added that the stock market’s strong showing mirrors increased participation by Nigerians and institutions that now see long-term value in domestic investments.
The President highlighted the impressive performance of the NGX All-Share Index, which recorded significant growth over the past year, outperforming several global and emerging market indices. He attributed this progress to stronger corporate earnings, improved market governance and clearer economic policies that have boosted confidence across key sectors of the economy.
According to Tinubu, the surge in market capitalisation also reflects the growing depth of Nigeria’s capital market, with contributions from banking, industrial, telecommunications, energy and technology stocks. He expressed optimism that more companies, particularly indigenous firms, will consider listing on the exchange to raise capital and expand operations.
The President urged Nigerians to take advantage of opportunities in the capital market, stressing that increased local participation is essential for sustainable economic growth. He noted that channeling savings into productive investments would not only strengthen the economy but also promote wealth creation and financial inclusion.
Tinubu further assured investors that his administration remains committed to policies that support market transparency, stability and long-term growth. He said government efforts to tame inflation, stabilise the foreign exchange market and improve ease of doing business are expected to yield even stronger results in the coming years.
Market analysts have described the ₦100 trillion milestone as a defining moment for Nigeria’s financial markets, noting that it signals rising confidence in the economy’s recovery path. They believe sustained reforms and policy consistency will be crucial to maintaining momentum and attracting increased foreign investment.
As Nigeria navigates a challenging global economic environment, the President said the NGX’s achievement provides optimism and reinforces confidence in the country’s economic prospects, positioning the capital market as a key driver of national development.
