Nigeria has sought South Africa’s support to join the G20 and BRICS, highlighting its ambition to diversify its economy. During discussions in Cape Town, South Africa welcomed Nigeria’s request, emphasizing cooperation in key development areas. A draft communique regarding Nigeria’s potential membership will be submitted to both nations’ Presidents for approval.
On Monday, Nigeria formally requested South Africa’s endorsement to facilitate its accession to the G20 and BRICS, two influential groups of global economies. This request was made by Nigeria’s Minister of State for Foreign Affairs, Bianca Odumegwu-Ojukwu, during her visit to Cape Town, which coincides with the biannual discussions between both nations. Despite their occasional rivalry, South Africa exhibited a supportive stance towards Nigeria’s aspirations, especially following its assumption of the G20 presidency. Minister of International Relations Roland Lamola welcomed Nigeria’s request, indicating a softening of relations and a commitment to synergistic development efforts such as infrastructure and mining. As BRICS countries now constitute a significant portion of global GDP, Nigeria’s inclusion could enhance its economic prospects significantly. A draft communique regarding Nigeria’s potential membership is anticipated to be presented to Presidents Cyril Ramaphosa and Bola Tinubu for consideration.
The G20 and BRICS are essential international forums representing major global economies. The G20 consists of the world’s largest economies, while BRICS, including Brazil, Russia, India, China, and South Africa, aims to counter Western economic dominance. South Africa is a prominent member of both groups and has taken a leading role within the G20. The recent discussions between Nigeria and South Africa arise in the context of Nigeria’s need to diversify its economy and improve its global economic standing amid ambitious reforms implemented by President Bola Tinubu. BRICS nations now account for approximately 37% of global GDP, reflecting the growing influence of emerging markets in global affairs.
In summary, Nigeria’s request for South Africa’s endorsement to join the G20 and BRICS highlights its commitment to enhance its international economic standing and align more closely with powerful economies. As both nations pledge greater collaboration in development initiatives, Nigeria’s potential membership in these significant groups could provide a platform for economic diversification and growth. The outcome of this endeavor remains to be seen, as both Presidents review the proposal.
Original Source: www.dw.com
