Diaspora
Why G20, BRICS+ Shun Nigeria – Ex-Envoys
Some former envoys have said that the G20 and BRICS+ have continued to ignore Nigeria because of the country’s increasingly weak economy. Poor political leadership over the years has dwarfed Nigeria’s development, hence the country has not been able to meet the socio-economic standards of the G20, a premier global bloc for discussing economic issues; and the BRICS+, a nine-member economic and political force.
An import-dependent economy coupled with market instability and the unpredictable forex exchange regime cannot attract investors or economic allies ¹ ². These were the thoughts of Nigeria’s former Deputy Permanent Representative to the United Nations, Usman Sarki; Nigeria’s former Ambassador to the Benin Republic, Lawrence Obisakin; and ex-Senior Advisor to the United Nations (Nigeria Office),
Fred Eno. South Africa, with about 62.4 million population, and a Gross Domestic Product of $373.23bn, according to data by the International Monetary Fund (IMF), is a member of BRICS+ and the G20, while Nigeria with 227 million people and $252.74bn GDP is not a member of both blocs. Sarki said the membership of the two global groups is not automatic and that Nigeria has not met the economic standards to join the blocs.
He said Nigerian leaders must have the discipline to organize and stabilize the economy to attract investors and create jobs as these would send the right signals to the international community. Obisakin agreed with Sarki saying that no global bloc would want to work together with a country when there are no common interests. Obisakin, a former Nigerian Ambassador to the Benin Republic, said becoming a member of the G20 and BRICS+ goes beyond having a large population and vast geographical spread. He said when a nation is strong economically, people would want to identify with it.
When you talk about the strength of a nation, it’s not just demography, population could be a disaster if not a liability, we are talking of the Nigerian population being well trained and equipped. A country that is unable to feed itself is unstable, he added.
He noted political stability and security as another factor considered by developmental partners. Citing the recent suicide bombings in the Gwoza area of Borno State, the ex-envoy said, A country that is insecure cannot attract investments because if it can happen in the country, it can happen anywhere in the country.
Similarly, Eno, a former UN advisor, shared the views of Sarki and Obisaki, saying that with Nigeria’s intimidating population and the size of its economy, being a member of the G20 and the BRICS+ should have been automatic but for institutional challenges.
One would have assumed that it is something natural given the size of the population and the economy. For G20, part of it has to do with our own institutions and how they function, he said. Eno said Nigeria’s institutions are
not manned by the right people to provide the right kind of information that our decision-makers can rely on to make the right policies.
The three ex-envoys urged the Federal Government to set enduring solutions to the challenges of forex exchange volatility, skyrocketing interest rates, soaring inflation, food crisis, and many more encumbrances highlighted by manufacturers and industrialists because the internal dynamics of the country are what shape the image of the country externally
Diaspora Watch Unveils 40th Edition: Stay ahead of the curve
Print on Demand & FREE Digital View: https://www.magcloud.com/browse/issue/3040828?__r=1069759
SUBSCRIBE TO DIASPORA WATCH NOW ON THE BELOW LINK !!!
https://diasporawatch.com/subscribe-to-diaspora-watch-newspaper/
We are excited to announce the release of our 40th edition, marking a significant milestone in our journey to keep you informed and connected to the world.
This edition is packed with breaking news, in-depth analysis, and trending topics from around the globe.
Our cover stories delve into the UK’s £180 million investment in solar panels for schools and hospitals, the passing of trailblazing politician Mia Love, and the UK government’s list of unclaimed estates belonging to African-born individuals, with Nigerians topping the list.
You’ll also find insightful articles on Kirsty Coventry’s historic appointment as the first female IOC President, Canada’s upcoming polls amidst US trade tensions, and the latest developments in US-Russia ceasefire talks.
Additionally, our edition explores the complex relationships between China, Mexico, and the US amidst Trump-era tariffs, and provides expert tips on spotting fake jewelry.
We also take a trip down memory lane to explore what the 1990s can teach us about cryptocurrency, and celebrate Netumbo Nandi-Ndaitwah’s inauguration as Namibia’s first female president.
Other highlights include Antigua and Barbuda’s ratification of a landmark UN treaty on marine biodiversity, a high-profile court case in Nigeria, and a shocking smuggling attempt foiled at Abuja Airport.
Football fans will also rejoice at the Super Eagles’ victory over Rwanda, reviving their World Cup qualification hopes.
Stay ahead of the curve with Diaspora Watch’s 40th edition. Get your copy now and enjoy unparalleled access to global news, trends, and analysis.
Get ready for the most explosive edition yet! Diaspora Watch 39th edition is packed with breaking news, shocking revelations, and heartwarming stories that will leave you breathless!
Print on Demand & FREE Digital View:
https://www.magcloud.com/browse/issue/3036398?__r=1069759
Diaspora Watch on Amazon:
https://shorturl.at/1ZlB6
SUBSCRIBE TO DIASPORA WATCH NOW ON THE BELOW LINK !!!
https://diasporawatch.com/subscribe-to-diaspora-watch-newspaper/
DIASPORA WATCH 39TH EDITION: GLOBAL NEWS EXPLOSION!
Putin and Trump hold the fate of Ukraine in the balance as they engage in high-stakes talks! What will be the outcome? Find out inside!
Mark Carney sworn in as Canadian Prime Minister! A new era begins in Canadian politics, but what does the future hold?
Trump drops a bombshell, declaring Biden’s last-minute pardons “null and void”! The implications are staggering – get the full story inside!
Global growth set to slow down in 2025 and 2026, warns OECD report! What does this mean for the global economy?
SpaceX capsule delivers four astronauts to International Space Station! A historic achievement in space exploration that will leave you starstruck!
Your WhatsApp account can be compromised in minutes – find out how to stay safe online!
African Union rejects parallel government in Sudan, warns of country’s partition! The AU takes a firm stance on Sudan’s political crisis – get the latest inside!
Nigeria set to appoint new envoys as vetting process begins! Who will make the cut?
Nnamdi Kanu expresses gratitude as Chief Justice reassigned terrorism case! A significant development in the Nnamdi Kanu case – find out more!
ECOWAS Parliament intervenes in Guinea-Bissau, Liberia crises! Regional leaders work towards a peaceful resolution – get the full story!
And in a heartwarming turn of events, Asake reconciles with ailing father, promises new house and responsibility for 11-year-old daughter!
Diaspora Watch Unveils 38th Edition: Get ready for the most anticipated edition yet!
Print on Demand & FREE Digital View: https://www.magcloud.com/browse/issue/3030359?__r=1069759
SUBSCRIBE TO DIASPORA WATCH NOW ON THE BELOW LINK !!!
https://diasporawatch.com/subscribe-to-diaspora-watch-newspaper/
Diaspora Watch is proud to present its 38th edition, packed with the latest news, trends, and analysis from around the world.
Our cover headlines are buzzing with hot topics: the mass trial of opposition figures in Tunisia, the UK government’s refusal to pay Rwanda over a canceled migrant deal, and Trump’s address to a joint session of Congress, outlining his vision for a second term.
But that’s not all – we’re also diving into the world of sports, with a special feature on Nigeria’s first Super Bowl winner, Moro Ojomo, who received a hero’s welcome at Aso Villa. And, meet the 35-year-old Nigerian man who’s making waves with his incredible talent for building helicopters and guns from rubber!
In our lifestyle section, we’re exploring the devastating consequences of procrastination and how to overcome it. Plus, find out why Nigerian celebrities are caught up in Lamborghini fever!
As always, Diaspora Watch is your premier source for compelling stories, analysis, and perspectives that matter to Africans everywhere.
So, grab your copy now and stay informed, inspired, and connected to the global African community!
Diaspora Diva – Aisha Bowe
Diaspora Watch – Vol. 40
UK Invests £180 Million In Solar Panels For Schools And Hospitals
Diaspora Watch 20th Edition (October 14-20, 2024): Your Trusted Source for Global News and Insights
Revolutionary mRNA Lung Cancer Vaccine Trial Offers New Hope To Thousands
