\n\nPresident Bola Ahmed Tinubu has commended Nigeria’s economic management team and the Nigerian Exchange Group (NGX) over what he described as encouraging signs of economic stability and renewed investor confidence.
The President made the remarks on Thursday in Abuja when he received members of the NGX Board and Management at the State House. According to the Presidency, Tinubu said recent economic indicators and positive assessments from experts suggest that Nigeria is moving towards a brighter economic outlook.
The development comes as the Nigerian capital market continues to record significant growth. The NGX has reported that the market capitalisation of listed companies has risen dramatically from about ₦30 trillion in May 2023 to more than ₦150 trillion in 2026.
Tinubu attributed the progress to the economic reforms being implemented by his administration, saying the reforms were designed to strengthen the country’s macroeconomic foundations, attract investment and create a more competitive business environment.
The President also praised the NGX for its role in supporting the growth of Nigeria’s capital market and helping to mobilise investment into the economy.
He said the administration would continue working with financial institutions, investors and other stakeholders to consolidate the gains recorded so far and ensure that economic growth translates into better opportunities for Nigerians.
The Presidency maintained that the improving market indicators provide an important signal that investor confidence is returning, while stressing that the government remains focused on sustaining reforms and strengthening the economy.
The latest development comes amid renewed attention on Nigeria’s economic performance, with businesses and investors closely monitoring inflation, foreign exchange stability, interest rates and the government’s ongoing fiscal reforms.
