By Seye Oladejo
Lagos APC Chieftain
Nigeria’s emergence as the world’s best-performing equity market in dollar terms has been described as a powerful global endorsement of President Bola Ahmed Tinubu’s economic reform agenda, despite sustained criticism from opposition figures and social media commentators.
In an opinion article, Lagos All Progressives Congress, APC chieftain Mogaji Seye Oladejo said the remarkable performance of the Nigerian Exchange reflects growing confidence from international investors in the country’s economic direction under the Tinubu administration.
According to Oladejo, many critics had predicted that the removal of fuel subsidy, the unification of the foreign exchange market, and other key reforms would trigger economic collapse, drive away investors, weaken the naira, and cripple businesses. However, he argued that recent developments have disproved those forecasts.
He maintained that global capital responds to confidence, consistency, and credible policies rather than political narratives, noting that investors are increasingly choosing Nigeria over several emerging markets because of the government’s willingness to implement difficult but necessary reforms.
Oladejo stated that for decades, successive administrations postponed critical economic reforms due to political considerations, allowing fuel subsidies, multiple exchange rates, and excessive borrowing to distort the economy. President Tinubu, he said, took the bold decision to confront these long-standing structural challenges despite the temporary hardships they imposed on citizens.
While acknowledging that inflation and the rising cost of living remain major concerns, he stressed that economic recovery is a gradual process and that renewed investor confidence is an important foundation for sustainable growth.
He also argued that a stronger capital market would enable Nigerian companies to raise funds for expansion, support entrepreneurship, strengthen pension assets, attract foreign investment, and create more jobs over time.
The APC chieftain criticized the opposition for what he described as persistent negativity, saying they have failed to present practical alternatives while dismissing every positive economic development.
According to him, the international investment community has already delivered its verdict through increased capital inflows, demonstrating confidence in Nigeria’s reform agenda.
Oladejo concluded that the country’s global stock market performance represents more than an economic milestone.
He described it as a vote of confidence in President Tinubu’s Renewed Hope Agenda, insisting that sustainable prosperity is achieved through bold leadership, disciplined reforms, and the courage to make difficult decisions in the national interest.
