ABUJA, Nigeria — President Bola Ahmed Tinubu says rising investor confidence and a record-breaking stock market reflect strengthening economic fundamentals, as he marked three years in office.
In his anniversary address on May 29, 2026, the president pointed to significant gains in the Nigerian Exchange, noting that the All Share Index climbed from 53,000 in 2023 to 250,000 in 2026, while market capitalisation rose from ₦30 trillion to ₦160 trillion.
“Investor confidence is growing. The stock market is booming… companies are declaring record profits and dividends,” Tinubu said.
He attributed the surge to reforms introduced by his administration, including the removal of fuel subsidies and the unification of the foreign exchange system, which he said improved transparency and restored market stability.
According to the president, the reforms have made Nigeria’s economy more competitive and better positioned for sustainable growth, with increasing interest from both domestic and foreign investors.
Tinubu also noted improvements in public finances, stating that state and local governments now have greater resources to invest in development projects, further stimulating economic activity.
While acknowledging ongoing challenges, including inflationary pressures, he maintained that the upward trend in capital markets signals renewed confidence in Nigeria’s economic direction.
The president added that his administration remains focused on consolidating these gains and ensuring that economic growth translates into broader opportunities for businesses and citizens.
