President Tinubu Urges Nigerians to Deepen Local Investment as NGX Hits ₦100 Trillion
By Naija Enquirer Staff
President Bola Tinubu has called on Nigerians to prioritise and deepen investments in the local economy, following the Nigerian Exchange (NGX) crossing the historic ₦100 trillion market capitalisation milestone.
The President praised corporate Nigeria, individual investors, and capital market stakeholders for what he described as a landmark achievement, noting that the milestone reflects growing confidence in the country’s economic direction.
According to Tinubu, the performance of the NGX is a strong signal that Nigeria is transitioning into a more resilient and attractive investment destination.
“With the Nigerian Exchange crossing the historic ₦100 trillion market capitalisation mark, the country is witnessing the birth of a new economic reality and rejuvenation,” the President said.
He noted that in 2025, while several global markets struggled with weak growth, Nigeria’s stock market recorded one of the strongest performances worldwide.
“The NGX All-Share Index closed 2025 with a 51.19 per cent return, outperforming the 37.65 per cent recorded in 2024. This places Nigeria among the best-performing equity markets globally, ahead of indices such as the S&P 500 and FTSE 100,” Tinubu said.
The President stressed that the stock market’s performance mirrors broader economic improvements and growing investor confidence.
He highlighted strong performances across sectors, including industrials, banking, energy, technology, telecommunications, and infrastructure, noting that more indigenous companies are preparing to list on the exchange.
“We are seeing a robust pipeline of new listings, including indigenous energy firms, tech unicorns, telecoms operators and infrastructure companies. These listings will further deepen democratic ownership of the Nigerian economy,” he said.
Beyond capital markets, Tinubu pointed to improving macroeconomic indicators, including a sustained decline in inflation.
According to him, inflation eased from a 24-month high of 34.8 per cent in December 2024 to 14.45 per cent by November 2025, driven by monetary tightening, the removal of distortionary financing mechanisms, and increased agricultural investment.
He projected inflation could fall below 10 per cent before the end of 2026, improving living standards and supporting stronger GDP growth.
The President also highlighted Nigeria’s external position, noting that the country recorded a current account surplus of $16 billion in 2024, with projections of $18.81 billion in 2026.
Non-oil exports, he said, surged by 48 per cent by the third quarter of 2025 to ₦9.2 trillion, while exports to Africa rose by 97 per cent to ₦4.9 trillion.
Nigeria’s foreign reserves have exceeded $45 billion, with the Central Bank of Nigeria projecting reserves could cross $50 billion in the first quarter of 2026.
Tinubu also cited progress in infrastructure, healthcare, education, and transportation, including expanded rail networks, major highway projects, port revitalisation, improved healthcare facilities, and increased access to education funding through NELFUND.
“Nation-building is a process, not a destination. The ₦100 trillion market capitalisation is a signal to the world that the Nigerian economy is robust, productive, and open for sustained investment,” the President said.
He reaffirmed his administration’s commitment to building a transparent, inclusive, and high-growth economy anchored on fiscal discipline and structural reforms.
