NIGERIA 100 TRILLION NAIRA MARKET CAPITALIZATION THRESHOLD

Commendation on Historic Economic Milestones and a Powerful Forward Trajectory

Your Excellency, President Bola Ahmed Tinubu, GCFR,

I write to formally and enthusiastically commend your leadership and that of your dedicated economy team for achieving a transformative milestone for our nation.

One of my most closely monitored indicators throughout 2024 has been the Nigerian Stock Exchange's daily market capitalization. It is with immense pride that I note the momentous occasion where Nigeria’s equity market valuation crossed the 100 Trillion Naira threshold. This achievement is not merely a statistic; it is a resounding vote of confidence from both domestic and international investors in the economic direction you have set.

This progress is further amplified by the remarkable growth in our Foreign Reserves, now exceeding $43 Billion. These figures collectively signal a profound and positive shift in the fundamental narrative of the Nigerian economy.

The significance of this turnaround cannot be overstated. For context, the period from 2015 to 2023 was marked by a severe and consistent downward slope, eroding value and confidence. Nigeria, tragically, was labeled a global epicenter of capital poverty. The devastating irony of a nation of 230 million people surpassing a nation of over 1 billion as the world's poverty capital was a stain on our collective potential.

During the 2023 general elections, I, like many analysts, publicly expressed that whichever candidate emerged would require years to even begin reversing the profound economic mismanagement of that eight-year period. Your administration, however, has engineered a swifter and more robust response than many anticipated.

Whatever the strategic focus the “Tinubu Magic,” as some call it demands not just acknowledgment, but rigorous study. The political courage to implement necessary, albeit initially challenging, reforms is now yielding visible fruit in the capital markets, which are a leading indicator of future economic health.

This data starkly illustrates the transition:

The inherited legacy (2015-2023): A trajectory of capital poverty, eroded reserves, and crippling investor pessimism.

The current trajectory (2023-Present): A 100 Trillion Naira market cap, fortified reserves, and a powerful signal of renewed economic vitality.

Your Excellency, you have my strongest commendation for this pivotal redirection. The work is ongoing, but this milestone proves that Nigeria is demonstrably #OpenForBusiness, regaining its status as a #PremierInvestmentDestination. This is the foundation upon which sustainable growth, job creation, and shared prosperity for all Nigerians can be built.

I urge you to sustain this momentum. The nation is witnessing, and the world is taking note.

Respectfully,

Oyugbo Osagie Jonah 

#TheTinubuEffect #EconomyOnTheRise #FromPovertyToProsperity #100TrillionMilestone #InvestInNigeria #RenewedHopeDelivering #MarketCapitalization #EconomicTurnaround #ForwardEver #LeadershipInAction

#RenewedHopeAgenda

#PresidentTinubu 

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