Tinubu Praises Economic Team for Market Growth Success

President Bola Ahmed Tinubu recently commended his economic team for their foresight, dedication, and diligence during a meeting at Aso Rock. The team included Taiwo Oyedele, the Minister of Finance and Coordinating Minister of the Economy; Atiku Bagudu, the Minister of Budget and National Planning; Yemi Cardoso, the Governor of the Central Bank of Nigeria; and Zacchaeus Adedeji, the Executive Chairman of the Nigeria Revenue Service.

The Nigerian Exchange Group (NGX) was represented by its Chairman, Umaru Kwairanga, and Managing Director, Temi Popoola. Tinubu acknowledged the challenges faced upon taking office and expressed gratitude for the team's contributions.

He noted that the NGX's market capitalization grew from N30 trillion in 2023 to N160 trillion, attributing this growth to economic reforms. Oyedele highlighted the stock market's performance, stating it is one of the best-performing globally and a vital wealth creation tool for Nigerians.

The NGX has seen a rise of over N60 trillion in capitalization this year, reflecting the positive impact of the Tinubu administration's reforms.