Stock market rally reflects Nigeria’s economic health – Tinubu
President Bola Tinubu attributes the recent rise in the Nigerian stock market to increased investor confidence and a strengthening economy as the government launches a new industrial policy.
During the launch of the National Industrial Policy 2025 in Abuja, President Bola Tinubu highlighted the significance of the ongoing rally in the Nigerian stock market, stating that it is a testament to the growing confidence among investors and indicates an improving economic landscape. Represented by Vice President Kashim Shettima at this official event, Tinubu expressed that the recent increases in stock values reflect a resilient economy, even amidst ongoing challenges.
Tinubu pointed out that the performance of the stock market could excite anyone observing its trends, referencing a recent example where a colleague saw a significant valuation change in stock within a short period. His comments emphasize a broader narrative focused on revitalization and economic recovery, suggesting that positive market performance is a crucial indicator of financial health and stability in the country.
The unveiling of the National Industrial Policy complements these sentiments, aiming to lay a foundation for future industrial growth by addressing productivity and setting the stage for Nigeria's industrial future. This policy is aimed at further strengthening the economy, as the government seeks to build upon the current momentum reflected in stock market trends.