The Tinubu Media Support Group (TMSG) has described the N6.61 trillion revenue jointly posted by 20 companies listed on the Nigerian Exchange Limited (NGX) in the first quarter of 2026 as a strong indication that Nigeria’s economy is rebounding under President Bola Tinubu’s administration.
The group said the impressive performance by the firms across critical sectors of the economy contradicts persistent opposition claims that the nation’s economy is in chaos.
In a statement signed by its Chairman, Emeka Nwankpa, and Secretary, Dapo Okubanjo, TMSG said the development reflects growing business confidence and the positive impact of the administration’s ongoing economic reforms.
“We are delighted by reports that 20 companies listed on the Nigerian Exchange Limited recorded a combined revenue of N6.61 trillion in the first quarter ending March 31, 2026.
“This is a clear indication that the economic reforms introduced by President Bola Tinubu are yielding positive results and creating an enabling environment for businesses to thrive.
“The companies, which cut across sectors such as manufacturing, petroleum marketing, telecommunications, power generation and breweries, could not have recorded such impressive earnings in a failing economy as being portrayed by opposition figures.
“What this simply means is that economic activities are expanding and consumer spending power is improving despite attempts by critics to paint a gloomy picture of the nation’s economy.
“It is therefore contradictory for anyone to describe the economy as collapsing when businesses are posting record revenues and showing sustained growth.
“The N6.61 trillion revenue also represents an 11.7 per cent increase over the N5.9 trillion recorded within the same period in 2025, which further confirms that the macroeconomic environment is improving steadily.”
The group added that while economic reforms often require time to fully impact the populace, the current indicators show that the country is on the path to long-term stability and prosperity.
TMSG urged Nigerians to continue supporting the Tinubu administration’s reform agenda, expressing confidence in the President’s vision of building a resilient economy capable of achieving the target of a one trillion dollar economy by 2030.
