Nigeria joins BRICS as a partner country

BRICS Summit in Kazan, Russia, Thursday, Oct. 24, 2024. (Maxim Shemetov, Pool Photo via AP, File)

Nigeria is now the ninth partner country in BRICS

UNB

Publisted at 5:15 PM, Sat Jan 18th, 2025

Nigeria has been accepted as a "partner country" of the BRICS group of emerging economies, as confirmed by Brazil, the current chair of the bloc, reports AP.

Established in 2009 by Brazil, Russia, India, and China, BRICS expanded in 2010 to include South Africa, positioning itself as a counterbalance to the group of seven leading industrialised nations.

In the previous year, the bloc welcomed Iran, Egypt, Ethiopia, and the United Arab Emirates. Saudi Arabia has been extended an invitation to join, while Turkey, Azerbaijan, and Malaysia have submitted formal membership applications. Several other nations have also shown interest.

Nigeria is now the ninth partner country in BRICS, joining Belarus, Bolivia, Cuba, Kazakhstan, Malaysia, Thailand, Uganda, and Uzbekistan.

“With the world’s sixth-largest population, Africa’s largest, and as one of the continent’s leading economies, Nigeria shares aligned interests with other BRICS members,” Brazil’s government stated on Friday.

“It actively contributes to advancing South-South cooperation and reforming global governance, which are key priorities under Brazil’s current presidency.”

Last year, President-elect Donald Trump warned of imposing 100% tariffs on BRICS nations if they attempted to weaken the U.S. dollar. In response, BRICS leaders have reiterated their commitment to developing an alternative payment system independent of the dollar.
 

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