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These ones are having mental problems. Let's just assume Germany is now a psychiatric hospital.

NinjaMetahuman:
and you think those trades wouldn't have taken place without BRIcs as an entity?

How is having imf like bank helping anyone if not for more loans that benefits the bigger economies, e.g china?

Again, how has brics helped south Africa?

Since they joined bric their economy still remain the same if not worse.
Name one CLEAR thing you can actually say that south Africa actually benefited from the so called bric that will make us want to rush in headliessly.

Nigeria as the biggest economy has more to benefit by staying neutral to all the groups and form ally with them than picking a side.

I am not in south Africa and can't say much about their economy but I don't think they'd still be there if it's not helping them. I'm for Nigeria being a major player in the multipolar world that is developing rather than being at the mercy of the western economy where sanctions could be used in controlling developing countries to do their bidding.

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NinjaMetahuman:
how has the advantage helped south Africa?

Are bric members still not trading in dollars like the rest of the world?

You think Nigeria should not consider all variables before joining any young shining thing because they promised heaven and earth that non failed to materialize after 13 years?

As at 2022, south Africa's global trade volume with the brics nations alone, amounted to over 21% of its total global trade and has consistently grown over time especially with India and China. The brics have their own bank which is a rival to the imf and south Africa has been able to access a significant amount of developmental funds from this bank. While they might not be as strong as the imf at the moment, with the dedollarization that is going on gradually globally, and the push for countries to belong to a multipolar world, there are huge prospects for them. For countries like Saudi Arabia and the UAE to want to join, it must have something valuable in return for them.

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Countries with stronger economies and foresight are applying to join but my beloved country didn't see any sense in the opportunity. One of the major advantage of being a BRICS member is that it offers member countries the opportunity of doing business in their local currencies instead of having to buy the dollar and keep getting shortchanged when they use the dollar for international trade. Being a BRICS member offers us an advantage of not allowing our reserves to always be at the mercy of the dollar. The BRICS members combined together now have a larger global economy than the G7 led by the US. Nigeria should be looking at being part of the multipolar movement on the global scene but as usual, we are always late to the party at every important step that needs to be taken. One of the beautiful thing about the BRICS is that member states are not allowed to use sanctions economically on a member state irrespective of political differences.

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Appeal court in Benin affirmed Julius Abure as the national chairman of the Labor Party. Another appeal court in Imo state, affirmed Lamidi Apapa as the national chairman of Labor Party. So, we have two different appeal courts in two different states, pronouncing two different people as national chairman of one party. Those who call Nigeria a banana republic are definitely not wrong.

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