The Tinubu Media Support Group (TMSG) has described the exponential growth of the Nigerian stock market as clear evidence of economic stabilization under President Bola Tinubu’s administration.
In a statement signed by Chairman Emeka Nwankpa and Secretary Dapo Okubanjo, the group highlighted that overall equity market capitalization on the Nigerian Exchange rose from N30tn in May 2023 to nearly N160tn by August 2026. TMSG asserted that the surge reflects heightened local and international investor confidence following key structural policy adjustments.
The group noted that expanded market valuation points to increased capital injection across manufacturing, consumer goods, energy, and banking sectors. It added that figures from market operators indicate the sustained equity rally has expanded retail investor wealth, creating hundreds of thousands of new millionaires across the country.
While acknowledging that small-scale enterprises continue to navigate recovery challenges, TMSG emphasized that targeted fiscal measures—including targeted tax exemptions—are gradually easing operational pressures for small businesses as macroeconomic stability takes hold.
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