Nigeria Formerly Joins BRICS As Partner Country
Abuja (Core Reporters) The Nigerian government has finally agreed to join BRICS as a partner country.
BRICS is an acronym for Brazil, Russia, India, China, and South Africa.
However, an Economist, Jim O’Neill created the term BRIC in 2001 for Brazil, Russia, India, and China with the belief that these economies would dominate global growth by 2050. Shortly afterward, South Africa joined the BRIC and now Nigeria has also joined.
The FG formal acceptance to participate as a partner country underscores Nigeria’s commitment to fostering international collaboration, leveraging economic opportunities, and advancing strategic partnerships that align with Nigeria’s development objectives.
A statement by acting spokesperson, Ministry of Foreign Affairs, Kimiebi Imomotimi Ebienfa said, BRICS, as a collective of major emerging economies, presents a unique platform for Nigeria to enhance trade, investment, and socio-economic cooperation with member countries.
The statement said, “Nigeria is poised to leverage this platform to advance shared goals in trade and investment, energy security, infrastructure development, technology, and climate change. This partnership also aligns with our national aspirations for inclusive growth, regional integration, and active participation in shaping a fair and equitable global economic order in line with our ethos of strategic autonomy.
“Nigeria looks forward to engaging constructively with BRICS members to drive innovation, foster people-to-people exchanges in line with our national interests and strategic priorities.”
