The Tinubu Media Support Group (TMSG) has described reports of 20 companies listed on the Nigerian Exchange Limited (NGX) recording a combined revenue of N6.61 trillion in the first quarter of 2026 as evidence of economic growth under President Bola Tinubu’s administration.
The group said the development contradicts opposition narratives portraying the Nigerian economy as damaged and chaotic.
In a statement signed by its Chairman, Emeka Nwankpa, and Secretary, Dapo Okubanjo, TMSG said the strong financial performance of the companies reflected the positive impact of the administration’s ongoing economic reforms.
According to the group, it would be impossible for companies to generate such significant revenue in an economy allegedly on the verge of collapse.
“We are enthused by media reports that 20 companies listed on the Nigerian Exchange Limited declared an estimated N6.61 trillion revenue in the first quarter ending March 31, 2026.
“This is a clear indication of the success of the ongoing economic reforms of the President Bola Tinubu administration,” the statement said.
TMSG noted that the companies operate across critical sectors including manufacturing, petroleum marketing, power generation, telecommunications, and breweries, adding that their performance points to improved economic activity and purchasing power among Nigerians.
The group argued that opposition figures had continued to paint a gloomy picture of the economy despite growing signs of recovery and improved macroeconomic indicators.
According to TMSG, the N6.61 trillion revenue represented an 11.7 per cent increase over the N5.9 trillion recorded by the same firms during the corresponding period in 2025.
“So the question is: how would an economy on the verge of collapse be incubating companies making so much revenue?” the group queried.
“If Nigerians are poorer now than they ever were, according to opposition narratives, who are those spending money to the extent that 20 companies listed on the stock exchange recorded an estimated N6.61 trillion in just three months?”
The group maintained that Nigeria was witnessing an improving macroeconomic environment and expressed optimism that the gains from ongoing reforms would eventually translate into broader benefits for citizens.
TMSG urged Nigerians to continue supporting the Tinubu administration, expressing confidence in the President’s ability to build a more stable, resilient, and prosperous economy in line with his vision of growing Nigeria into a one-trillion-dollar economy by 2030.
