Nigeria has been recognized as a "partner country" of the BRICS bloc, marking a significant step for the African nation's economy. BRICS, initially founded by Brazil, Russia, India, and China in 2009,

Russia will facilitate Vietnam’s participation in the BRICS bloc of developing economies as a “partner country.”

(Bloomberg) -- Nigeria has officially joined the BRICS group of emerging-market powers. BRICS, which stands for Brazil, Russia, India, China and South Africa, has been pushing to expand in recent years as it grows in clout and has accepted other countries including Egypt, Ethiopia, Indonesia and United Arab Emirates.

ABUJA, Nigeria -- Nigeria has been admitted as a “partner country” of the BRICS bloc of developing economies, according to Brazil, the group’s chair. BRICS was formed by Brazil, Russia, India and China in 2009, with South Africa added in 2010, as a counterweight to the Group of Seven leading industrialized nations.

The Ministry of Foreign Affairs announced on Saturday that Nigeria has accepted the invitation to join BRICS as a partner country. The ministry disclosed this in a statement issued in Abuja by Kimiebi Ebienfa,

Nigeria has officially joined BRICS as a partner country. This aligns with the group's strategy to increase its influence, particularly in opposing the G7 countries, with Russia playing a key role in this process.