Nigeria Asks South Africa for Support to Join G20 and BRICS
Nigeria’s government is soliciting South Africa’s endorsement for membership in the G20 and BRICS during discussions in Cape Town. South Africa welcomes this request as it assumes the G20 presidency. Both countries agree on enhancing cooperation in critical sectors, with Nigeria aiming to diversify its economy amid ongoing reforms.
On March 12, 2024, the Nigerian government expressed its intention to secure South Africa’s support for its inclusion in the G20 and BRICS groups, comprised of significant global economies. During a diplomatic visit to Cape Town, Nigeria’s Minister of State for Foreign Affairs, Bianca Odumegwu-Ojukwu, formally raised this request amidst ongoing bi-annual discussions between the two nations, which historically have been seen as both political and economic competitors.
South Africa, now holding the rotating presidency of the G20, responded positively to Nigeria’s appeal. Minister of International Relations, Roland Lamola, affirmed their readiness to rely on Nigeria’s guidance as they undertake this significant role, emphasizing the importance of collaboration between the two countries to enhance the quality of life for their respective populations.
At this same forum, known as the Bi-National Commission Meeting (BNC), both countries committed to strengthening their cooperation in vital developmental sectors, such as mining and infrastructure. Presently, South Africa not only participates in the G20 but is also a foundational member of BRICS, which aims to present a counter-narrative to Western dominance in global affairs. The BRICS coalition, now encompassing nine nations, accounts for approximately 37% of the global GDP, highlighting its significant economic influence. Recently, other African nations like Egypt and Ethiopia have joined this group, which underscores the continent’s growing importance in the global economy.
On the following day, Minister Odumegwu-Ojukwu and Minister Lamola are expected to submit a draft communique pertaining to Nigeria’s bid for membership to South Africa’s President Cyril Ramaphosa and Nigeria’s President Bola Tinubu for their consideration and endorsement. Earlier this year, President Tinubu initiated a series of economic reforms aimed at diversifying Nigeria’s oil-dependent economy, signaling a commitment to invigorating growth prospects for the nation.
The article elaborates on Nigeria’s pursuit of membership in two prominent international groups, the G20 and BRICS, seeking South Africa’s endorsement. The context of these discussions is framed within the backdrop of Nigeria and South Africa’s historical political rivalry and economic competition. South Africa’s recent presidency of the G20 presents a unique opportunity for collaboration between the two nations. This dialogue is also indicative of Nigeria’s broader economic reforms designed to minimize reliance on oil exports and stimulate growth through diversification and strategic partnerships.
In summary, Nigeria is actively seeking South Africa’s support to join the G20 and BRICS, highlighting a desire for closer economic integration and collaboration between the two nations. The discussions occurring during the Bi-National Commission Meeting signify a strategic commitment to mutual development in key areas. As both countries navigate their roles on the global stage, their partnership may yield significant implications for African representation in influential economic discussions.
Original Source: www.dw.com
