JP Morgan has joined FITCH Rating and Chatham House in rating Nigeria's economy in good light.

The financial organization stated that Nigeria’s net FX reserves soared impressively, adding that the country enjoyed a robust trade boost in 2025.

The news was amplified by presidential aide O'tega Ogra to silence doubters and critics of the President Bola Tinubu administration.

He said, "So you thought the FITCH Rating Report on the Nigerian Economy or Chatham House’s statement that Nigeria now has its most competitive economy in years was wrong? Well… JP Morgan has also just released a report on Nigeria

"JP Morgan’s Latest Report: A Resounding Global Endorsement of Nigeria’s Economic Renaissance

"In a clear sign of confidence, JP Morgan has upgraded Nigeria’s economic outlook, naming us a top frontier market. From Lagos to London, investors see Nigeria’s reforms as transformative, reducing risks and unlocking prosperity.

"According to JP Morgan’s comprehensive analysis, Nigeria’s foreign exchange (FX) reforms, led by President Bola Ahmed Tinubu’s administration @officialABAT, have significantly enhanced market transparency and boosted investor confidence globally.

"The report shows that Nigeria’s net FX reserves soared impressively—from just $4 billion in 2023 to over $23.3 billion in 2024 saying that it is clear evidence of economic strength, stability, and renewed investor trust.

"Nigeria achieved a robust trade surplus of $17.5 billion in 2024, driven by prudent fiscal management and improved petroleum exports. Our economy is now anchored on transparency, discipline, and sustained growth. #NigeriaRising.

*A crucial game-changer noted by JP Morgan is President Tinubu’s restructuring of NNPC Limited—boosting efficiency, cutting down revenue leaks, and attracting strategic global partners to Nigeria’s vibrant oil sector."