Group Hails Tinubu as Stock Market Records Strong Gains

Group Hails Tinubu as Stock Market Records Strong Gains

JOEL OLADELE, Abuja

A pro-government advocacy group, the Tinubu Media Volunteers (TMV), has commended President Bola Ahmed Tinubu over what it described as significant gains in the nation’s stock market, attributing the performance to ongoing economic reforms by the administration.

In a statement signed by its Chairman, Chukwudi Enekwechi, and Secretary, Segun Ogedengbe, the group said recent policy measures introduced by the Tinubu government have continued to strengthen investor confidence and boost domestic capital formation.

“It is noted that based on the reforms embarked upon by the President Bola administration on assumption of office, local capital and domestic corporates are responding positively to the stock exchange market, while the surge of investors in the capital market is recording huge returns on investments,” the statement read.

The group noted that Nigeria’s capital market has witnessed a notable rise, with increased participation from both institutional and retail investors, alongside improved corporate performance.

“Already we are witnessing strong domestic capital mobilisation and strengthened corporate balance sheet,” the group stated.

TMV further observed that the market has recorded significant growth in recent months, pointing out that equities have risen by over 50 per cent in 2025, while companies continue to raise fresh capital and retail investors return to active trading.

“We also acknowledge that while local capital is playing a very strong role in the country’s economy today, markets have risen by more than 50% in 2025, even as issuers are raising new capital while retail investors are returning to the market, and governance standards are witnessing noticeable improvement,” it added.

According to the group, these developments indicate that Nigeria’s capital market is gradually positioning itself to support larger financial transactions and create broader wealth opportunities for investors.

“We believe that with these developments, Nigeria’s capital market is positioning itself towards supporting larger transactions and broader wealth creation opportunities for investors,” TMV said.

The statement also highlighted improved returns for investors over the past two and a half years, citing enhanced dividends and capital appreciation as evidence of renewed confidence in the economy.

“There is no doubt that this is a sign of investors’ renewed confidence in the Nigerian economy,” the group said.

TMV maintained that the reform agenda of the Tinubu administration has contributed significantly to restoring macroeconomic stability, strengthening fiscal sustainability and attracting long-term investments into the country.