Why Nigeria Remains Excluded from G20, BRICS+ — Ex-Envoys

 

Former envoys have voiced concerns over Nigeria’s exclusion from global economic blocs such as the G20 and BRICS+, attributing it to the country’s deteriorating economic conditions and leadership challenges.

 

In a discussion on *Inside Sources* with Laolu Akande on Channels Television, Nigeria’s former Deputy Permanent Representative to the United Nations, Usman Sarki; former Ambassador to the Benin Republic, Lawrence Obisakin; and ex-Senior Advisor to the United Nations (Nigeria Office), Fred Eno, highlighted Nigeria’s import-dependent economy, market volatility, and unpredictable forex exchange regime as deterrents to attracting international investors and allies.

 

They emphasized that Nigeria’s failure to meet socio-economic standards set by these global groups, which are pivotal for discussing economic issues on a global scale, has hindered its inclusion.

 

Comparatively, South Africa, a member of both G20 and BRICS+, was noted for its stable economy and conducive investment climate.

 

Sarki underscored the stringent criteria for membership in these groups, stating, “There are certain criteria that make those countries look at candidates. One of those is have we met all standards in terms of the organisation of our economy, in terms of the management of our economy, in terms of the projections and certainty of the way we organise ourselves?”

 

He further pointed out that Nigeria must demonstrate economic discipline and stability to enhance its appeal to international partners.

 

The discussion highlighted a critical need for Nigerian leaders to prioritize economic reforms that would attract investments, create jobs, and ultimately elevate Nigeria’s standing in the global economic arena.