President Bola Ahmed Tinubu has projected that Nigeria’s current account balance will increase to $18.81 billion in 2026, up from an estimated $16.94 billion in 2025, attributing the expected growth to ongoing economic reforms.
The President made this known on Thursday, commending corporate organisations, investors, and other stakeholders in Nigeria’s capital market for pushing the market capitalisation on the Nigerian Exchange (NGX) beyond the N100 trillion mark.
In a statement issued by his Special Adviser on Information and Strategy, Bayo Onanuga, Tinubu described the milestone as a record-breaking achievement that should inspire greater confidence among investors in the money and capital markets.
According to the President, Nigerian companies across key sectors are demonstrating strong performance and long-term potential, citing industrial firms that have localised supply chains and a banking sector noted for resilience and technological innovation.
He noted that the outlook for the capital market remains positive, with a strong pipeline of new listings expected from indigenous energy companies, technology firms, telecom operators, and infrastructure-focused enterprises seeking public funding to drive expansion. Tinubu said these listings would further grow market capitalisation and promote broader public ownership of the economy.
The President also highlighted progress in infrastructure development, including the expansion of rail networks, completion of major roads, revitalisation of ports, and the construction of landmark projects such as Lagos–Calabarabar Sokoto–Badagryagry superhighways.
He added that improvements are being recorded in healthcare delivery, with reduced costs of medical tourism, while students are benefiting from the Nigeria Education Loan Fund (NELFUND) and increased research grants for universities.
Tinubu described the N100 trillion market capitalisation as a strong signal to the global community of Nigeria’s economic strength and productivity.
Reaffirming his commitment to economic growth, the President pledged to continue pursuing policies aimed at building a fair, transparent, and high-growth economy, noting that recently implemented tax and fiscal reforms would further accelerate development from January 1.
