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ECHOnigeria Forum / Politics / BRICS Membership For Nigeria, A Step In The Right Direction (1 Post | 272 Views)
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BRICS Membership For Nigeria, A Step In The Right Direction by BigBallsBiden(m) : 3:26 am |
Tboy is suddenly getting sense overnight.
Exploit the rivalry between the East and the West for the benefit of Nigeria. The FGN also called on the Zionists/Nazis to stop the genocide it's committing in Palestine. These westerners tried to turn Nigeria into another war ravaged country like Ukraine (Nigeria vs Niger saga). Unlike the foolish Ukrainians, I'm glad Nigerians resisted. Skip to main content SOCIAL MEDIA LINKS Search Home Nigeria Set To Join Russia, China In BRICS, May Start Trading Crude Oil In Naira Photo March 8, 2024 NEWS This was made known in a post shared via X (formerly Twitter) on Friday by the international union. The President Bola Tinubu-led government is working towards submitting an application for Nigeria to join international organisation, BRICS. This was made known in a post shared via X (formerly Twitter) on Friday by the international union. “Nigeria will apply to join BRICS in 2024,” the union wrote. BRICS countries include major world powers, such as China and Russia, and countries which are influential on their continent, such as South Africa and Brazil. The expanded group has a combined population of about 3.5 billion, or 45% of the world's inhabitants. The group was designed to bring together the world's most important developing countries, to challenge the political and economic power of the wealthier nations of North America and Western Europe. What this move means is that if Nigeria eventually becomes a member of BRICS, the West African country would be trading its major exporting product which is oil in Naira. In February, human rights lawyer, Femi Falana, SAN, stated that trading crude oil in naira would not only boost the currency's value but also reduce dependence on foreign exchange. Falana asserted that the Central Bank of Nigeria's recent circulars are insufficient in addressing the forex issues, noting that a more comprehensive policy shift was necessary. He added that the Federal Government should reduce its reliance on the economic predictions and policies of Bretton Woods institutions like the International Monetary Fund (IMF) and the World Bank. According to Falana, it was time for Nigeria to join the economic bloc to salvage the naira. TOPICS POLITICS Sahara Reporters SaharaReporters.com is an outstanding, groundbreaking news website that encourages citizen journalists to report ongoing corruption and government malfeasance in Africa. Using photos, text, and video dynamically, the site informs and prompts concerned African citizens and activists globally to act, denouncing officially-sanctioned corruption, the material impoverishment of its citizenry, defilement of the environment, and the callous disregard of the democratic principles enshrined in the constitution. CONNECT WITH US SAHARA REPORTERS About Support Us Advertise RSS Feeds Submit A Story SECTIONS News Reports Opinion Politics Business Sports Entertainment Lifestyle Education Videos Photos Documents NEWS SOURCES COPYRIGHT Copyright © 2006–2024 Sahara Reporters, Inc. All rights reserved. — Privacy Policy Powered by Drutopia https://saharareporters.com/2024/03/08/nigeria-set-join-russia-china-brics-may-start-trading-crude-oil-naira
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