https://en.sputniknews.africa/20240405/joining-brics-can-help-nigeria-ensure-sustainable-development-in-increasingly-polarized-world-media-1065927315.html
Joining BRICS Can Help Nigeria Ensure Sustainable Development in Increasingly Polarized World: Media
Joining BRICS Can Help Nigeria Ensure Sustainable Development in Increasingly Polarized World: Media
Sputnik Africa
In early March this year, Nigerian Foreign Minister Yusuf Tuggar said that Nigeria wishes to join BRICS and reiterated its determination to strengthen... 05.04.2024, Sputnik Africa
2024-04-05T16:40+0200
2024-04-05T16:40+0200
2024-04-05T17:03+0200
sub-saharan africa
nigeria
russia
brics
us dollar
west africa
naledi pandor
egypt
development
brics expansion
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Joining BRICS could help Nigeria minimize risks and ensure sustainable development in an increasingly polarized world, Nigerian newspaper The Nation pointed out.According to the media, the dollar will remain the dominant currency of world trade, but current socio-economic and political realities clearly call for countries thinking about their future to diversify their investment and trade options.BRICS is a platform for such diversification; the sooner Nigeria does this, the better for its crisis-hit economy, the article states.Economic advantages of Nigeria's potential BRICS membership were also outlined by David Okpatuma, the board chair of the Development and Corporation for Africa (DevCA) Initiative, who told Sputnik Africa that the bloc could help the nation with debt settlement, GDP growth and financial crisis.In January, Egypt, Ethiopia, Iran, Saudi Arabia, and the United Arab Emirates became full members of the BRICS, which was formerly made up of Brazil, Russia, India, China and South Africa. According to South African Foreign Minister Naledi Pandor, about 34 nations were interested in joining the organization.
https://en.sputniknews.africa/20240307/nigeria-plans-to-apply-for-brics-membership-foreign-minister-tells-sputnik-1065427615.html
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nigeria, russia, brics, us dollar, west africa, naledi pandor, egypt, development, brics expansion
Joining BRICS Can Help Nigeria Ensure Sustainable Development in Increasingly Polarized World: Media
16:40 05.04.2024 (Updated: 17:03 05.04.2024) In early March this year, Nigerian Foreign Minister Yusuf Tuggar said that Nigeria wishes to join BRICS and reiterated its determination to strengthen diplomatic and economic ties with Russia.
Joining BRICS could help Nigeria minimize risks and ensure
sustainable development in an increasingly polarized world, Nigerian newspaper The Nation pointed out.
According to the media, the dollar will remain the dominant currency of world trade, but current socio-economic and political realities clearly call for countries thinking about their future to diversify their investment and trade options.
BRICS is a
platform for such diversification; the sooner Nigeria does this, the better for its crisis-hit economy, the article states.
"Consequently, I am of the strong opinion that going forward, BRICS is an opportunity for Nigeria to be emancipated from the shackles of US Dollars, and will certainly free and hedge Nigeria’s economy from the straight jacket situation with the US Dollars in terms of trade, investment, and international relations. As the giant of Africa, Nigeria’s membership in the BRICS is long overdue," the author of the article believes.
Economic advantages of Nigeria's potential BRICS membership were also outlined by David Okpatuma, the board chair of the Development and Corporation for Africa (DevCA) Initiative, who told
Sputnik Africa that the
bloc could help the nation with debt settlement, GDP growth and financial crisis.
In January, Egypt, Ethiopia, Iran, Saudi Arabia, and the United Arab Emirates became full members of the
BRICS, which was formerly made up of Brazil, Russia, India, China and South Africa. According to South African Foreign Minister Naledi Pandor, about 34 nations were interested in joining the organization.
