Brics will continue to advocate for equitable representation in international decision-making and to support global economic recovery post-Covid-19. The Brics bloc is chaired by a sitting President of each member country in the order of the Brics acronym, with India PM Narendra Modi chairing in 2021, China President Xi Jinping in 2022, and South African President Cyril Ramaphosa taking the lead on January 1 this year.
As BRICS chairperson this year, Ramaphosa would be in charge of the bloc’s expansion if new members were admitted. During the fourteenth BRICS summit, held in late June 2022, Jinping announced that Iran and Argentina had submitted applications to join the bloc. These announcements were followed by media reports that Indonesia, Egypt, Saudi Arabia, the United Arab Emirates, Nigeria, Kazakhstan, Senegal and Thailand were also interested in joining Brics.
So, is Nigeria really eying BRICS? How will Nigeria’s political and economic landscape be affected if they are granted membership in BRICS+? How will this tip the scales of global economic power? Stay tuned and be kept up to date.
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