President Bola Tinubu has lauded Nigeria’s N100 trillion NGX market capitalisation milestone, signaling a robust and renewed economy and urging Nigerians to deepen their local investments. This historic achievement signifies “the birth of a new economic reality and rejuvenation” for the nation, according to a statement from the President’s office. The Nigerian Exchange (NGX) has demonstrated remarkable resilience, with its All-Share Index closing 2025 with a 51.19% return, significantly outperforming major global indices like the S&P 500 and FTSE 100. This stellar performance underscores a growing confidence in Nigeria’s economic trajectory, positioning it as a compelling destination for investors seeking value. The market’s ascent reflects the collective efforts of corporate Nigeria, investors, and stakeholders who have driven growth across various sectors, particularly in industrial firms and the banking sector. These companies are proving that Nigeria can deliver strong returns on investment through localized supply chains and technological innovation. As more companies, including indigenous energy firms, tech unicorns, telecoms, and infrastructure entities, prepare to access the public market, the NGX is set for further expansion. This influx of new listings will not only boost market capitalization but also deepen democratic ownership within the Nigerian economy, fostering broader participation. The President linked this stock market success to the positive macroeconomic effects of ongoing reforms. After initial adjustments, inflation is showing signs of a downward trend, supported by crucial monetary tightening and the removal of distortionary ‘Ways and Means’ financing. This has restored stability to the Naira, contributing to a consistent decline in inflation over the past eight months. What is the inflation rate in Nigeria? Inflation has significantly decelerated from a 24-month high of 34.8% in December 2024 to 14.45% as of November 2025, with projections indicating a fall to 12% in 2026 and potentially below 10% before the end of the year. This easing inflation is expected to improve living standards and accelerate GDP growth, making 2026 an epochal year for prosperity. Nigeria’s external position has also seen notable improvements. The nation posted a current account surplus of $16 billion in 2024, with projections to rise to $18.81 billion in 2026. This reflects an increase in exports and a reduction in imports of goods that can be produced locally. Non-oil exports surged by 48% by the third quarter of 2025, totaling N9.2 trillion, with exports to Africa alone rising by 97%. Furthermore, Nigeria’s foreign reserves have crossed the $45 billion mark, providing the Central Bank with the capacity to maintain currency stability. The Naira has moved away from its past volatility, with projections indicating foreign reserves will cross the $50 billion threshold in the first quarter of 2026. Progress is also evident in infrastructure development, with the expansion of rail networks, completion of major roads, and revitalization of ports. Transformative projects like the Lagos-Calabar and Sokoto-Badagry superhighways are contributing to national infrastructure growth. Improvements in healthcare facilities and declining medical tourism costs, alongside initiatives like the Nigeria Education Loan Fund (NELFUND) and increased research grants for universities, further contribute to the nation’s development. The N100 trillion market capitalization serves as a powerful signal to the global community, demonstrating that the Nigerian economy is robust, productive, and a worthwhile destination for investment. President Tinubu reaffirmed his commitment to continuing economic reforms and fostering inclusive growth, driven by historic tax and fiscal reforms implemented from January 1. This dedication aims to build an egalitarian, transparent, and high-growth economy for all Nigerians. Investing in the Nigerian Exchange (NGX) offers a unique opportunity to capitalize on this economic resurgence.
