Nigeria participated for the first time as a “partner country” at a BRICS meeting to discuss the global economic climate, including the implications of former U.S. President Donald Trump’s trade policies.
Nigeria’s presence signals a strategic shift towards greater engagement with emerging economies.
The BRICS bloc — consisting of Brazil, Russia, India, China, and South Africa — has been advocating for the reform of global governance structures and greater representation for developing nations.
Nigeria’s involvement is seen as a significant step toward amplifying the voice of African nations on international economic platforms.
Discussions at the meeting also explored the possibilities of de-dollarization, cross-border digital currency collaborations, and promoting South-South trade partnerships.
Analysts say Nigeria’s active participation could open new economic opportunities, especially as the country looks to diversify beyond traditional Western partners.
