Nigeria has formally joined the BRICS bloc as a “companion nation,” additional swelling the ranks of the group of rising economies. BRICS was initially based in 2009 by Brazil, Russia, India, and China as an rising market different to the Group of Seven (G7) discussion board. In 2010, it expanded to incorporate South Africa. Through the years, the group has more and more attracted world curiosity, resulting in the addition of Iran, Egypt, Ethiopia, and the United Arab Emirates in 2024. Nigeria is among the nations which have proven curiosity in changing into a BRICS member. Whereas it hasn’t achieved that standing, it’s the bloc’s ninth companion nation, becoming a member of Belarus, Bolivia, Cuba, Kazakhstan, Malaysia, Thailand, Uganda, and Uzbekistan. Nigeria shares frequent pursuits with BRICS nations and its inclusion displays its standing as Africa’s largest economic system.
Supply: AP
