Nigeria Joins BRICS as 9th Member, Eyes Strategic Partnerships and Economic Growth

Reese Morgan

Reese Morgan

January 19, 2025 · 3 min read
Nigeria Joins BRICS as 9th Member, Eyes Strategic Partnerships and Economic Growth

Nigeria has officially become the 9th member of the BRICS group of nations, marking a significant milestone in the country's efforts to strengthen its economic ties with other major emerging economies. As a partner country, Nigeria is poised to form strategic partnerships with other BRICS nations, including Brazil, Russia, India, China, and South Africa, to drive economic growth and development.

The West African country's membership in BRICS is expected to focus on key areas such as trade, investment, energy security, infrastructure development, technology, and climate change. According to Nigeria's Ministry of Foreign Affairs, the country is committed to fostering international collaboration, leveraging economic opportunities, and advancing strategic partnerships that align with its development objectives.

Nigeria's decision to join BRICS is seen as a strategic move to diversify its economic partnerships and reduce its dependence on Western countries. The country had been actively pursuing membership in the group since 2023, and its efforts were finally rewarded with formal acceptance as a partner country.

The BRICS group, which was initially formed by Brazil, Russia, India, China, and South Africa, has been working to restructure the global economic system and increase its economic power. The organization's goal is to control the worldwide market by expanding its economic influence, and Nigeria's membership is seen as a significant step towards achieving this objective.

Nigeria's Minister of State for Foreign Affairs, Ambassador Bianca Odumegwu-Ojukwu, had reiterated the country's interest in joining BRICS during the Ministerial session of the 11th Nigeria-South Africa Bi-National Commission (BNC) in Cape Town, South Africa. The country's membership in BRICS is also seen as a key step towards achieving its national aspirations for inclusive growth, regional integration, and active participation in shaping a fair and equitable global economic order.

The implications of Nigeria's membership in BRICS are far-reaching, with potential benefits including increased trade and investment opportunities, improved energy security, and enhanced infrastructure development. The country's membership is also expected to have a positive impact on the African continent, with Nigeria's economic growth and development likely to have a ripple effect on other countries in the region.

As Nigeria begins its journey as a BRICS partner country, it will be interesting to see how the country leverages its membership to drive economic growth and development. With its strategic location in West Africa and its large population, Nigeria is well-positioned to play a key role in shaping the continent's economic future.

In conclusion, Nigeria's membership in BRICS marks a significant milestone in the country's economic development journey. As the country begins to form strategic partnerships with other BRICS nations, it is likely to have a profound impact on the African continent and the global economy as a whole.

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