Vice President Kashim Shettima has disclosed that Nigeria attracted $1.27bn in foreign capital from BRICS countries by June 2024, marking a significant rise from the $438.72m recorded during the same period in 2023.
The BRICS bloc comprises Brazil, Russia, India, China, and South Africa, alongside newer members, including Iran, Egypt, Ethiopia, and the United Arab Emirates.
Speaking at the 2024 China-Africa Inter-Bank Association Forum in Abuja on Wednesday, Shettima, represented by the Special Adviser to the President on General Duties, Aliyu Modibbo, highlighted the growing economic ties between Nigeria and BRICS nations.
He noted that Nigeria’s status as a partner country within the bloc underscores its commitment to fostering strategic partnerships for domestic growth.
Shettima said, “Nigeria has always been open to strategic alliances that support our domestic growth goals. This explains our active engagement with the BRICS nations, even as a non-member state, as seen in our participation in the BRICS Summit held in South Africa last year.”
