Nigeria has been officially added as a partner nation in the BRICS alliance, alongside 12 other countries.
The announcement was made during the 2024 BRICS summit, held from 22 to 24 October in Kazan, Russia.
A post from the bloc on X on Thursday confirmed the development, stating, “13 new nations have been accepted as official partner countries and will be part of BRICS initiatives.”
The new partners are Algeria, Belarus, Bolivia, Cuba, Indonesia, Kazakhstan, Malaysia, Nigeria, Thailand, Turkey, Uganda, Uzbekistan, and Vietnam.
“They are working towards becoming full alliance members at a later date,” the post added.
The summit, themed “Strengthening Multilateralism for Fair Global Development and Security,” focused on enhancing economic cooperation with emerging markets.
BRICS, initially comprising Brazil, Russia, India, and China, expanded in 2010 to include South Africa.
In 2024, it further expanded to include Egypt, Ethiopia, Iran, and the United Arab Emirates as full members, all of whom attended this year’s summit as participants.
Nigeria’s inclusion follows earlier remarks by Yusuf Tuggar, Minister of Foreign Affairs, who disclosed Nigeria’s intention to pursue full BRICS membership within two years.
“Nigeria has come of age to decide for itself who her partners should be and where they should be. Being multiple aligned is in our best interest,” he said last November.
Meanwhile, this development comes on the heels of a notable increase in foreign capital inflows from BRICS nations, which surged by 189 per cent in the first half of 2024 to $1.27 billion, up from $438.72 million in the same period of 2023.
- AFCON Qualifier Setbacks Knock Nigeria to 44th in FIFA Rankings - November 29, 2024
- Edo Government Recovers 30 Vehicles from Former Officials - November 29, 2024
- Reps Endorses Tinubu’s Nominee, Oluyede, as Army Chief - November 29, 2024