The Tinubu Media Support Group (TMSG) has described reports of 20 companies listed on the stock market jointly posting a N6.61 trillion revenue in the first quarter of 2026 as heartwarming and a reflection of a booming economy on President Bola Tinubu’s watch.
This is contrary to the false impression by the opposition who are always out to present the economy in unflattering terms as damaged and chaotic.
In a statement signed by its Chairman Emeka Nwankpa and Secretary Dapo Okubanjo, TMSG wondered how companies would generate that much revenue in an economy lampooned as poor.
“We are enthused by media reports of a total of 20 companies listed on the Nigerian Exchange Limited (NGX) declaring an estimated N6.61 trillion revenue in the first quarter (Q1), ending March 31, 2026.
“This is a clear statement about the success of the ongoing economic reforms of the President Bola Tinubu administration.
“What this means is that the economy is good enough for business to thrive.
”The 20 listed companies which are spread across sectors including manufacturing, petroleum marketing, power generation, telecommunication and breweries amongst others, show an expansion of the purchasing power of the average Nigerian.
- NCAA -
“This is contrary to the political statements emanating from opposition figures who have not stopped regaling the people with tales of despondency.
“So the question is how would an economy on the verge of collapse be incubating companies making so much revenue?
“If Nigerians are poorer now than they ever were, according to narratives from politicians, who are those spending money to the extent that 20 companies listed on the stock exchange recorded an estimated N6.61 trillion in the first three months of the year?
“We make bold to say that Nigeria is witnessing an improved macroeconomic environment. Or how else can anyone explain an 11.7 per cent increase over the N5.9 trillion reported in the same period in 2025?.
“We have no doubt that improving economic indices would eventually have a positive effect on the people in the long run,” it added.
The group urged Nigerians to continue to trust the capacity of the President and his administration to build a more stable, resilient and prosperous economy in furtherance of the ambitious vision to grow a one trillion dollar economy by 2030.
