Vice President Kashim Shettima revealed that Nigeria attracted $1.27 billion in foreign capital from BRICS countries by June 2024.
This marks a significant increase from the $438.72 million recorded in the same period of 2023.
The BRICS bloc includes Brazil, Russia, India, China, and South Africa, as well as newer members such as Iran, Egypt, Ethiopia, and the UAE.
Shettima made the announcement during the 2024 China-Africa Inter-Bank Association Forum in Abuja on Wednesday. He was represented by Dr. Aliyu Modibbo, the Special Adviser to the President on General Duties.
Shettima emphasized that Nigeria’s participation in BRICS, despite not being a full member, reflects its commitment to fostering economic partnerships.
He noted that the growing ties with BRICS countries align with Nigeria’s broader domestic growth objectives.
The Vice President highlighted that Nigeria has always welcomed strategic alliances. The country’s increasing engagement with BRICS is part of its efforts to attract investments and enhance its economic standing.
