Nigeria’s stock market has witnessed an unprecedented growth of N60.19 trillion in market capitalization over a 27-month period, reflecting strong investor confidence in the economic reforms and fiscal discipline introduced under the administration of President Bola Ahmed Tinubu.
According to market data, the All-Share Index (ASI) of the Nigerian Exchange Limited (NGX) rose by 155.72 percent, indicating a sustained rally across multiple sectors, including banking, manufacturing, and telecommunications. Analysts attribute this performance to key reforms initiated by the Tinubu administration, such as foreign exchange liberalization, removal of fuel subsidies, and renewed fiscal coordination, which have created a more transparent and investor-friendly environment.
Economic experts describe the surge as a testament to the renewed faith of both local and international investors in Nigeria’s long-term economic direction. They emphasize that the Tinubu government’s focus on macroeconomic stability, digital transparency, and private sector-led growth has positioned Nigeria’s capital market as one of the most vibrant in Africa.
