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Nigeria admitted as a partner country of the BRICS bloc
ABUJA, Nigeria — Nigeria has been admitted as a “partner country” of the BRICS bloc of developing economies, according to Brazil, the group’s chair.
BRICS was formed by Brazil, Russia, India and China in 2009, with South Africa added in 2010, as a counterweight to the Group of Seven leading industrialized nations.
Last year, the bloc added Iran, Egypt, Ethiopia and the United Arab Emirates. Saudi Arabia has been invited to join. Turkey, Azerbaijan and Malaysia have formally applied to become members, and a few others have expressed interest.
Nigeria becomes the ninth BRICS partner country, joining Belarus, Bolivia, Cuba, Kazakhstan, Malaysia, Thailand, Uganda, and Uzbekistan.
“With the world’s sixth-largest population — and Africa’s largest — as well as being one of the continent’s major economies, Nigeria shares convergent interests with other members of BRICS,” Brazil’s government said in a statement Friday.
“It plays an active role in strengthening South-South cooperation and in reforming global governance — issues that are top priorities during Brazil’s current presidency.”
President-elect Donald Trump last year threatened 100% tariffs against BRICS if they act to undermine the U.S. dollar. The bloc’s leaders have voiced their commitment to introduce an alternative payment system that would not be dependent on the dollar.
Exciting News: Nigeria Admitted as a Partner Country of the BRICS Bloc!
In a historic move, Nigeria has been officially admitted as a partner country of the BRICS bloc, joining Brazil, Russia, India, China, and South Africa in this prestigious group. This decision comes after years of collaboration and cooperation between Nigeria and the BRICS member countries, showcasing the growing influence and importance of Nigeria on the global stage.
As the largest economy in Africa and a key player in the region, Nigeria’s inclusion in the BRICS bloc is a significant milestone that will bring numerous benefits to both parties. This partnership will open up new opportunities for trade, investment, and cooperation in various sectors, further boosting economic growth and development in Nigeria and the BRICS countries.
With its vast natural resources, young and dynamic population, and strategic geographical location, Nigeria is poised to make a significant contribution to the BRICS bloc and play a key role in shaping the future of the global economy. This partnership will also strengthen ties between Nigeria and other emerging economies, creating a powerful alliance that can drive positive change and progress on the world stage.
We congratulate Nigeria on this momentous achievement and look forward to seeing the positive impact of this partnership on the country’s economy and its people. Nigeria’s admission to the BRICS bloc is a testament to its growing influence and potential, and we are excited to see the great things that will come from this collaboration in the years to come.
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