
Photo illustration by Dami Mojid / THE REPUBLIC. Source Ref: CHRISTOPHE VISEUX / UN CLIMATE CHANGE.
THE MINISTRY OF POLITICAL AFFAIRS
Nigeria’s New BRICS Status Won’t Solve Its Economic Crisis—but It Signals a Foreign Policy Shift

Photo illustration by Dami Mojid / THE REPUBLIC. Source Ref: CHRISTOPHE VISEUX / UN CLIMATE CHANGE.
THE MINISTRY OF POLITICAL AFFAIRS
Nigeria’s New BRICS Status Won’t Solve Its Economic Crisis—but It Signals a Foreign Policy Shift
With the addition of Nigeria as a new partner country to BRICS, the multipolar group now comprises of 54.6 per cent of global population and about 42.2 per cent of global GDP, when measured at purchasing power parity (PPP). The main goal of the BRICS, as reaffirmed by its 2025 chair, Brazil, is to strengthen South-South cooperation and reform global governance. In this context, it is important to assess what Nigeria stands to gain as a new BRICS partner, and what the group may benefit from adding Africa’s most populous country to its ranks. This is crucial because Nigeria’s inclusion as a BRICS partner country signals a further shift in global relations and a move away from established hierarchies—where countries of the so-called global South have traditionally prioritized bilateral relations with Anglo-European countries.
NIGERIA’S BRICS PIVOT
Nigeria’s status as a partner county is significant, as it allows it participate in special BRICS summits, sessions and meetings. This enables Nigeria to contribute to official BRICS documents, thereby amplifying its voice on the global stage. Beyond its large population, the size and influence of Nigeria’s economy was another key factor behind its decision to join BRICS. As a leading energy producer in Africa and a new partner member of BRICS, Nigeria’s inclusion reflects the growing economic and political integration of global South countries, an effort that, according to BRICS leadership, is driven by the need to bolster cooperation and reform global governance.
Nigeria is the second largest economy in Africa, behind Egypt. Nigeria is also a leading oil producer on the continent and the 15th largest producer globally. Nigeria’s new status as a BRICS+ partner further represents the overlap between BRICS+ and OPEC+ countries. This is an important observation because a major plan of BRICS is to transform the international monetary and financial systems by challenging US dollar dominance in global trade while promoting trade and settlement in local currencies. However, a key part of this plan is to de-dollarize the global oil market or at least part of it. The point here is that Nigeria joining BRICS at this juncture gives further credence to the grouping as it strives to establish a new era of multipolarity.
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NIGERIA’S STRATEGIC GOALS
Nigeria’s decision to join BRICS is influenced by a combination of strategic and economic factors, as well as the desire to connect with the increasingly impactful economic bloc of global South countries. The larger plan here is to diversify international alliances to connect with other developing economies which could lead to new opportunities for trade, investment and technology transfer. Joining BRICS as a partner country signals a shift towards a more multilateral foreign policy. This was expressed in a press release of the Nigerian ministry of foreign affairs, which stated that the government of Nigeria seeks to leverage the BRICS platform to achieve shared development goals in domains such as trade and investment, energy security, infrastructure, and technology transfer. Nigeria sees BRICS as a unique collective for fostering international collaboration, advancing economic opportunities and promoting strategic partnerships aligned with its national development goals. The ministry of foreign affairs also emphasized the importance of driving innovation and supporting people-to-people exchanges that reflect the country’s strategic priorities of the country. However, Nigeria will have to perform a balancing act as it has joined the BRICS group—maintaining established relationships with countries like the United States, France and the UK, despite tensions with BRICS members such as Russia and China amid ongoing ‘great power competition’. Additionally, there are concerns about how BRICS membership might influence Nigeria’s political and economic landscape.
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A MISALIGNMENT IN PRIORITIES?
Amidst the predicted challenges of joining BRICS, Nigeria’s relationship with member countries of the bloc is expected to deepen, especially in areas of technology and infrastructure. The effectiveness of Nigeria’s BRICS membership largely depends on whether the country can craft policies that capitalize on this new alliance while simultaneously addressing its many domestic and international. For instance, the Nigerian government aspires to join the G20, and South Africa, a founding BRICS member, currently hold the G20 chairmanship. This presents Nigeria with an opportunity to leverage its BRICS partnership as a potential pathway to G20 membership. As Nigeria seeks a bigger role on the global stage, internal political and socioeconomic conditions suggest a misalignment in governance priorities. With rising inflation, increase in the cost of living for the average people, and a government struggling to address the population’s hardships, the current administration appears to be pursuing ‘easy wins’ by spotlighting geopolitical developments such as its BRICS partnership.
In terms of foreign policy clarity, Nigeria has not acted as a particularly good neighbour, especially considering the speed with which the government rallied regional support to sanction former ECOWAS members that opposed foreign influence in their governance. These countries—Mali, Niger and Burkina Faso, now members of the newly formed Alliance of Sahel States (AES)—have taken concrete steps to assert their sovereignty by expelling foreign militaries and media broadcasters as part of their efforts to tackle insecurity and poor governance. Compared to the members of the AES, the current Nigerian administration enjoys little popular support. The decision to apply for BRICS membership appears disconnected from the priorities of the average Nigerian, who continues to face economic hardships driven by policies that primarily serve multinational corporations and local captains of industry. While improved material conditions as a result of BRICS engagement would be welcome, a focus on sustainable development is more likely to alleviate the hardships of Nigerians.
Nigeria’s swift decision to join BRICS is also notable, especially as countries like Vietnam, Turkey and Algeria are still considering their invitations. Turkey, for instance, appears to be taking its time to determine how best to balance strong ties with BRICS members while maintaining its connections with European and American partners. Algeria, meanwhile, applied to join BRICS with a request to become a shareholder in the BRICS New Development Bank (NDB), pledging a $1.5billion contribution to the bank’s capital. In essence, countries are making strategic decisions regarding BRICS, and while its advantages may be apparent, domestic interests remain a key consideration.
As BRICS’s influence continues to grow, countries will keep making strategic calculations on how best to leverage this platform for global South cooperation and shared development. Nigeria’s decision to join as a partner signals its desire to be at the forefront of this emerging geopolitical order. However, Nigeria must carefully navigate its complex internal challenges while weighing both the opportunities and risks of a BRICS membership. Nigeria’s decision to join BRICS signals a shift in its foreign policy goals—one that demands clarity and strategic thinking, qualities the Nigerian government has yet to convincingly demonstrated. Still, it remains to be seen whether the country can embrace this new position on the global stage and effectively integrate into BRICS while charting a more coherent path in geopolitics and international cooperation⎈
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