Nigerian officials have stated this week that the country’s new partnership status with BRICS could unlock key opportunities in trade, investment, and agriculture.
In an interview with Lagos-based Channels Television, Nigerian President Bola Tinubu’s special adviser, Daniel Bwala, said that the partnership is crucial for advancing trade, investment, food security, infrastructure development, and energy security in Nigeria.
Economist Emeka Okengwu said the partnership holds vast economic potential. “Look at the members of BRICS and the economies they represent. Brazil is a leading global producer in sectors like livestock, aviation, and renewable energy. Russia, India, China, South Africa, Egypt, and Ethiopia bring significant populations and economic clout. Combined, these nations likely offer far more economic value than Europe and the US combined,” Okengwu said.
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