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Tinubu Says Nigeria Is on Path to Prosperity as NGX Value Reaches ₦160tn

Tinubu Says Nigeria Is on Path to Prosperity as NGX Value Reaches ₦160tn

President Bola Tinubu says Nigeria is on the path to prosperity following a sharp rise in the value of the Nigerian Exchange Group (NGX). According to the NGX, the market’s value has increased from about ₦30 trillion in 2023 to ₦160 trillion. Receiving the NGX board and management in Abuja, Tinubu credited his administration’s economic reforms and praised the Economic Management Team, including Finance Minister Wale Edun, Budget Minister Atiku Bagudu, CBN Governor Yemi Cardoso and Nigeria Revenue Service Chairman Zacch Adedeji. The President said stronger private-sector investment is needed to create jobs and support his administration’s target of building a $1 trillion economy. He also said the Nigerian National Petroleum Company Limited is expected to be listed on the Nigerian capital market in the future.

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P
prince

That jump from about ₦30 trillion to ₦160 trillion is striking. What factors do people think are driving the NGX value upward?

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K
kunle

Absolutely, that kind of market growth deserves a proper look beyond the headline. Big numbers no be small matter.

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K
kris

The figures show a major change in market value since 2023, and it is understandable that the government would present it as a positive signal.

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J
jayjay

That may be encouraging, but can market value alone show whether prosperity is reaching people more broadly?

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A
ade

A stronger exchange is encouraging, but calling it a path to prosperity may be premature without broader evidence beyond market valuation.

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Z
zaza

It would help to track whether this NGX growth is sustained over time and how it translates into investment opportunities for ordinary Nigerians.

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