Nigeria Joins BRICS as Partner State to Boost Investment
Nigeria, Africa’s most-populous nation, has been battling soaring inflation and will roll out new rules to simplify its tax system.
Photographer: Benson Ibeabuchi/BloombergThis article is for subscribers only.
Nigeria has become a partner state of 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. The group also has a number of partner states, including Malaysia and Thailand.