President Tinubu Administration has credited itself for Nigerian stock market boom.
NewsOnline Nigeria reports that the federal government has announced a remarkable surge in the Nigerian stock market, attributing the unprecedented growth to the economic reforms implemented since President Bola Ahmed Tinubu assumed office on May 29, 2023.
The Nigerian Exchange (NGX) has witnessed its All-Share Index (ASI) and market capitalisation more than triple, signaling strong investor confidence and the positive effects of the Tinubu administration’s policies.
Bayo Onanuga, Special Adviser to the President on Information and Strategy, revealed that at President Tinubu’s inauguration, the NGX All-Share Index was at 52,973.88 points, with a market capitalisation of ₦28.845 trillion.
ALSO: FirstHoldCo Announces Retirement of Executive Director Samson Ariyibi, Expresses Appreciation
As of Tuesday, August 12, 2025, the benchmark index skyrocketed to 146,055.89 points, marking a year-to-date return of 41.90% while market capitalisation reached ₦92.40 trillion, up slightly from the previous trading session’s ₦92.33 trillion.
“Since 2023, market capitalisation has increased by over 300% under President Tinubu’s leadership,” Onanuga emphasized.
Corporate Gains and Rising Investor Confidence
The bullish market rally has been broad-based, with significant valuation gains from leading companies such as Nestle Nigeria, Presco, Okomu Oil, Dangote Cement, BUA Cement, MTN Nigeria, Guinness Nigeria, Lafarge Africa, Nigerian Breweries, NAHCO, and top banks including GTBank, Zenith Bank, UBA, Stanbic IBTC, and First Bank Holdings.
Both domestic and international investors have benefited from this uptrend, which analysts link to the government’s pro-market reforms especially foreign exchange liberalization, fiscal discipline, and enhanced investor relations.
“Under President Tinubu, the Nigerian stock market is flourishing, ushering in a new era of prosperity for investors nationwide,” Onanuga added.
Reform-Driven Economic Growth
The stock market’s impressive performance reflects broader economic reforms targeting currency stability, foreign direct investment attraction, and improved regulatory transparency.
The administration’s focus on infrastructure and private sector partnerships has also boosted market sentiment, contributing to the expanding capital market landscape.
Despite criticisms from political opponents, data indicates Nigeria’s capital market is robust and positioning the country as a leading investment destination in Africa.
Outlook
Market experts suggest the NGX is poised for continued growth, driven by new listings, stronger corporate earnings, and ongoing macroeconomic stability.
Today, the Nigerian stock market stands not just as a financial gauge but as a clear signal of the country’s economic recovery and upward growth trajectory.
