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The presidency has called on opposition leaders Atiku Abubakar and Peter Obi to acknowledge that President Bola Tinubu’s economic reforms are yielding results, following data showing Nigerian equities are the best-performing stock market globally.
Special Adviser to the President on Information and Strategy, Bayo Onanuga, said on Friday that the stock market performance validated the government’s reform agenda.
“Latest report: Nigeria’s equities market is the best globally in dollar terms. I hope Abubakar Atiku and Peter Obi will read this and accept that President Tinubu’s reforms are working and will surely lead Nigeria to prosperity,” Onanuga wrote on his verified X handle.
Latest report: Nigeria’s equities market is the best globally in dollar terms. I hope Abubakar Atiku and Peter Obi will read this and accept that President Tinubu’s reforms are working and will surely lead Nigeria to prosperity. https://t.co/q9Fb0jCwy8
— Bayo Onanuga, OON, CON (@aonanuga1956) July 9, 2026
According to data compiled by Bloomberg across 92 global stock exchanges, Nigeria’s benchmark stock index has returned 67 percent in dollar terms year-to-date, overtaking South Korea’s Kospi index, which has gained 66 percent.
South Korea’s equity market has entered a technical bear market after falling 22 percent from its June 19 peak.
Atiku and Peter Obi, who are both the 2027 presidential candidates of the African Democratic Congress and Nigeria Democratic Congress, respectively, are yet to publicly respond to Onanuga’s comments.
