Business is booming.

Nigeria Becomes the Ninth BRICS Partner Country, Says Brazil

Brazil’s government said on Friday that Nigeria has been accepted as a partner country in the multinational BRICS group.

This adds Africa’s largest economy to the growing alliance of emerging market countries.

Brazil, which currently holds the rotating presidency of the bloc, described Nigeria as having converging interests with other members of the group.

Nigeria becomes the ninth BRICS partner, joining Belarus, Bolivia, Cuba, Kazakhstan, Malaysia, Thailand, Uganda, and Uzbekistan.

BRICS now represents over half the world’s population and more than 45 per cent of global GDP, signalling its growing clout on the international stage.

The Brazilian government said Nigeria has been actively strengthening cooperation in the Global South and reforming global governance, a key priority for Brazil.

It added that as one of the world’s top oil producers, the African country brings significant economic weight to the group.

The partnership status allows Nigeria to participate in BRICS meetings and events, but does not grant full membership privileges like voting rights.

Source: africanews.com

below content

Quality journalism costs money. Today, we’re asking that you support us to do more. Support our work by sending in your donations.

The donation can be made directly into NatureNews Account below

Guaranty Trust Bank, Nigeria

0609085876

NatureNews Online

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More