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President Bola Ahmed Tinubu, on Thursday in Abuja, said growing positive reviews of the economy by experts and favourable economic indicators signal a brighter future for all Nigerians.
The President, who received the Board and Management of the Nigerian Exchange Group at the State House, said all the reforms satisfied global best practices and helped stimulate the economy, setting the foundation for long-term sustainable growth.
The Nigerian Exchange Group, led by the Chairman, Dr Umaru Kwairanga, and the Group Managing Director/Chief Executive Officer, Temi Popoola, briefed the President on the rebound of the market from N30 trillion in 2023 to N160 trillion today.
President Tinubu commended the Economic Management Team, made up of the Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele; the Minister of Budget and National Planning, Atiku Bagudu; the Central Bank Governor, Yemi Cardoso, and Chairman/CEO of the National Revenue Service, Dr Zacch Adedeji, for their foresight, dedication and diligence.
“I can see the excitement in the room. All I can do is to celebrate you all today. It is a thing of joy to have this feedback. When we took over, it was very challenging. I had to talk to myself and define my background to accept the assets and liabilities of my predecessor.
“I asked for the job, and I have to do it. And my capable partner in one of the thinking and reasoning days was Yemi Cardoso, whom I put at CBN.
“I found a partner in the CBN Governor, Yemi Cardoso. We were in the negative with monetary policy and the reserve. We had N30 trillion printed, and there were liabilities. I thank you very much, Yemi Cardoso.
“The rest of the team, we owe a duty to the country and our self-belief that this is doable. Nigeria can build a nation of prosperity by itself. If the stock market is doing well, then we are doing well.
“We can teach this in classrooms to our undergraduates. If they can be in the classroom without the harrowing feeling of how to pay and what to pay, then we can build a nation of success and prosperity,’’ he said.
“Thank you to the Chairman of the NRS and all the people in the economic team for what we are doing. My assurance to you is that I won’t stop reading, thinking and supporting you,’’ he added.
The President said the private sector has a big role to play in the economy in creating jobs and supporting the government.
“If we can push the private sector to invest in the economy wisely, then we will grow. It is one reason why I backed Aliko Dangote even before I became a President. God bless the soul of Muhammadu Buhari. We discussed how we can support the private sector to go into the refinery business.
•PHOTO: President Bola Ahmed Tinubu receives the NGX performance report from the Chairman Nigerian Stock Exchange (NGX Group), Alhaji (Dr.) Umaru Kwairanga (Left) and Group Managing Director and Chief Executive Officer of Nigerian Exchange Group (NGX Group), Temitope Popoola, (Right) at the State House, Abuja, Thursday, August 6, 2026