Expansion of BRICS
has been admitted as a "partner country" of the BRICS bloc, which includes , , , , and , aiming to counterbalance the G7 nations.
This addition makes Nigeria the ninth partner country, alongside , , , , , , , and , highlighting BRICS' expanding influence.
Global Economic Dynamics
BRICS, during Brazil's presidency, emphasizes South-South cooperation and reforming global governance, with Nigeria's admission reflecting shared interests in these areas.
Amidst threats of tariffs on BRICS countries by President-elect for undermining the U.S. dollar, the bloc seeks to establish an alternative payment system.