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The BRICS group of developing nations has extended invitations for membership to several countries, including Ethiopia, Egypt, Saudi Arabia, and Argentina. However, Nigeria was notably absent from the list of new invitees. The decision was made during the BRICS summit held in Johannesburg, South Africa, where Vice President Kashim Shettima represented President Bola Ahmed Tinubu.
Vice President Shettima, while attending the BRICS Trade Fair, emphasized the federal government's commitment to empowering Micro, Small and Medium Enterprises (MSMEs) as a means to drive the nation's economic development. He toured exhibition stands and affirmed the government's dedication to fostering economic growth through the support of MSMEs.
South African President Cyril Ramaphosa, who hosted the BRICS summit, announced the inclusion of the new members. These candidates are set to officially become part of the BRICS bloc on January 1, 2024.
President Ramaphosa stated, "The membership would take effect from January 1st, 2024."
The decision to expand the BRICS bloc aligns with its mission to enhance the influence of nations within the "Global South." The ongoing summit in Johannesburg has placed significant focus on discussions surrounding the enlargement of the BRICS group, composed of Brazil, Russia, India, China, and South Africa.
While more than 40 countries have expressed interest in joining BRICS, 22 of them have formally submitted requests for admission. The allure of BRICS lies in its commitment to reshaping global institutions, which are currently dominated by wealthy Western states including the United States.
The move to invite new members signifies the growing recognition of the BRICS bloc's potential to contribute to a more balanced representation in international affairs and global economic decision-making.
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