President Bola Tinubu, on Thursday, said Nigeria’s current account balance was projected to rise to $18.81 billion in 2026, up from $16.94 billion in 2025, on the back of the ongoing economic reforms.
The President stated this while applauding corporate Nigeria, citizens, and other stakeholders in the Nigerian capital market for surpassing the N100 trillion milestone on the Nigerian Exchange (NGX).
Bayo Onanuga, Special Adviser to the President on Information and Strategy, said the President described this “record achievement” as an inspiration for the investing public operating in the money and capital markets.
“From blue-chip industrial giants that have localised their supply chains, to a banking sector that has demonstrated resilience and technological innovation, Nigerian companies are proving that the country can deliver strong returns on investment.
And we are just getting started. The pipeline for new and upcoming listings looks robust. More indigenous energy firms, tech unicorns, telecoms, and infrastructure-heavy entities are seeking to access the public market to fund their expansion. As these firms are listed, they will boost market capitalisation and deepen democratic ownership of the Nigerian economy.
We are also seeing an expansion of the rail networks, the completion of major arterial roads and the revitalisation of our ports. With the transformative Lagos-Calabar and Sokoto-Badgry superhighways, the nation’s infrastructure is growing.”
“Our medicare facilities are improving, and medical tourism costs are declining. Our students benefit from the Nigeria Education Loan Fund (NELFUND), and universities are receiving increased research grants. The N100 trillion market capitalisation is a signal to the world that the Nigerian economy is robust and productive.”
“As your leader, I pledge to continue working unrelentingly to build an egalitarian, transparent, and high-growth economy that will be further catalysed by the historic tax and fiscal reforms that came into full implementation from January 1”, President Tinubu concluded.
The President noted that the country was not just celebrating the superlative stock market performance in isolation, but “we are also celebrating the microeconomic effects of our reforms.”
