Global stakeholders’ attention on the 15th Annual BRICS Summit held recently in South Africa is not misplaced. In particular, non-member countries should ponder on the prospect the new economic bloc portends as a formidable counterpoise to the overbearing dominance of the global economy..
People walk past a banner outside the venue for the 2023 BRICS Summit at the Sandton Convention Centre in Sandton, Johannesburg, on August 20, 2023. The BRICS countries, an acronym of the five members Brazil, Russia, India, China and South Africa, meet for three days for a summit in Johannesburg starting August 22, 2023.
Notably, the BRICS Summit in South Africa raises dust around Nigeria’s prevarication over membership of the budding platform perceived as the decisive environment for the economic integration for the Third Word and projected as potentially capable of dominating the global economy by 2050.
It is therefore germane to posit that while membership of BRICS seems reasonably attractive, the most important thing for Nigeria is to be at the decision-making table as a major stakeholder on the strength of her potential rather than merely seeking to play on the fringe, or on the menu list at the table as puppet of domineering or expansionist economic interest of super power; thereby seen as leaning either to the West or East.
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