BRICS Expands To 54.6% Of World Population By Adding Nigeria
BRICS continues to grow. On 17 January, it officially admitted Nigeria as a new partner country.
Nigeria has the world’s sixth-largest population, with the biggest population on the African continent.
In addition to being Africa’s second-largest economy, Nigeria is the number one oil producer on the continent.
With the addition of Nigeria, BRICS now has 10 full members and nine partners.
At the BRICS summit in Kazan, Russia in 2024, the organization adopted a comprehensive plan to transform the international monetary and financial system, by challenging the dominance of the US dollar and promoting trade and settlement in local currencies.
Together, the extended BRICS+ group represents 54.6% of the world population.