Six nations submitted applications to join the economic bloc, and BRICS approved them at its most recent summit.
Vice President Kashim Shettima has stated that Nigeria did not submit an application to join the global economic bloc known as BRICS, despite rumors to the contrary in some quarters.
The world’s developing economies, known as BRICS, are Brazil, Russia, India, China, and South Africa. Recently, six more nations were admitted to the organization, bringing the total number of members to eleven: Argentina, Egypt, Ethiopia, Iran, Saudi Arabia, and the United Arab Emirates.
During the week’s annual summit of the bloc, which was hosted in South Africa by President Cyril Ramaphosa, the decision to broaden the group’s membership was made.
In order to continue its campaign to alter the global economic system, BRICS stated that the new members will join the group the following year.
Following the news, many conjectured that Nigeria’s application to join the bloc had been denied, while others merely questioned why the nation hadn’t made more of an effort to join.
On the fringes of the BRICS Summit on Friday, Shettima responded by saying to Channels Television, “We have not applied for membership in BRICS as of yet.” And it is greatly influenced by the reality that my boss, President Bola Ahmed Tinubu, is a real democracy who values reaching compromise.”
There are a plethora of factors that require consideration. Before making an educated choice to join the BRICS, we must assess a great deal of trends and issues that call for interactions with the Federal Executive Council, the National Assembly, and the Economic Advisory Council,” the Vice President continued.