Nigeria has officially joined the BRICS bloc as a partner country, marking a significant step in its pursuit of diversified global alliances and economic development. This move aligns with Nigeria's strategic objectives to strengthen trade relations, enhance infrastructure development, and reduce dependence on the U.S. dollar by engaging with major emerging economies such as Brazil, Russia, India, China, and South Africa.
The decision comes amid heightened tensions with the United States, following President-elect Donald Trump's threat to impose 100% tariffs on BRICS nations if they attempt to create a new currency to rival the U.S. dollar . Nigeria has dismissed these threats, emphasizing its sovereignty and the right to form international partnerships that serve its national interests. Alkasim Abdulkadir, Special Assistant on Media Communication and Strategy to the Minister of Foreign Affairs, stated that Nigeria would continue to advocate for the democratization of global institutions and maintain its strategic autonomy.
As a BRICS partner country, Nigeria aims to leverage opportunities for economic growth, infrastructure development, energy collaboration, agricultural advancement, and financial stability. Engaging with BRICS nations could provide access to development financing through the New Development Bank and facilitate trade in local currencies, thereby stabilizing Nigeria's foreign exchange reserves.
While some experts caution against potential repercussions of aligning with BRICS, suggesting that Nigeria should prioritize its national interests over global power blocs , the Nigerian government remains committed to its strategic partnerships. The inclusion in BRICS is seen as a move to enhance Nigeria's role in shaping a fair and equitable global economic order, consistent with its ethos of strategic autonomy .