Nigeria, Africa’s most populous country, which also has the continent’s largest economy, appears to be looking toward the ascendent East and Global South as it seeks to strengthen its global strategic alliances and to increase its international clout. He added that he believes Nigeria not only meets the criteria for membership for BRICS+ but for the G-20 as well, Bloomberg reported. The African continent’s leading economic power has previously voiced its intention to join the BRICS bloc. Fourteen countries, including North Africa’s second-largest economy Algeria, Bahrain, Bangladesh, Belarus, Bolivia, Cuba, Honduras, Kazakhstan, Kuwait, Pakistan, Palestine, Senegal, Thailand, Venezuela, and Vietnam, have, at this point, formally applied to join the group. Despite that, BRICS member states only have 15% of the voting rights in the World Bank and the International Monetary Fund (IMF).

Source: The North Africa Journal November 25, 2023 15:08 UTC