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
Global Economic Shifts Dominate Diaspora Watch’s 56th Edition
The 56th edition of Diaspora Watch is out, and it’s packed with insightful analysis on the latest global economic trends.
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This issue shines a spotlight on the US sanctions targeting firms across Asia and the Middle East over their links to Iran’s oil industry, sparking a ripple effect in the global energy market.
Meanwhile, Africa is making a strategic pivot towards China, capitalizing on the Asian giant’s economic prowess amidst US tariffs. This shift is poised to redefine Africa’s economic landscape and open up new opportunities for growth and development.
In other news, the 2025 ACTIF conference brought together key stakeholders, including Amb. Tochil Nwaneri, as the Africa and Caribbean regions signed $290 million worth of deals. This landmark agreement is set to bolster economic ties between the two regions and drive progress.
Japanese investors are also taking notice of Africa’s growth story, eyeing opportunities to tap into the continent’s vast potential.
However, the US fertility rate has plummeted to 1.6 kids per woman, raising concerns about the country’s demographic future.
On the faith front, Bishop Ogunedo urged the faithful to maintain firm faith in the Lord Jesus, emphasizing the importance of spiritual resilience in these uncertain times.
This edition of Diaspora Watch also highlights the NNPC’s assurance of speedy delivery of the $2.8 billion AKK gas pipeline project, Guyana’s new official residence for the CARICOM Secretary-General, and Tinubu’s conferment of national honors on the Super Falcons.
Stay informed with Diaspora Watch’s 56th edition, your premier source for global news and analysis.
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Diaspora Watch 55th Edition: A Kaleidoscope of Global Insights
Get ready to dive into the latest edition of Diaspora Watch, a premier publication dedicated to sharing the stories and experiences of the global diaspora community!
The 55th edition promises to be a riveting read, packed with thought-provoking articles, in-depth analysis, and expert insights on pressing topics affecting Africans globally.
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As we navigate the complexities of our interconnected world, the 55th edition of Diaspora Watch brings you a diverse array of stories that capture the essence of our times. From the subtle yet powerful gestures of African women to the intricacies of global politics and diplomacy, this edition is a pointer to the dynamic nature of our world.
The magnetic gestures of African women are a force to be reckoned with, exuding a quiet confidence that is both captivating and inspiring. Meanwhile, on the economic front, the NNPC has remitted a staggering N6.96 trillion to the federation account in just five months, underscoring the critical role of the oil and gas sector in Nigeria’s economy.
Beyond Nigeria’s borders, the call for peace is growing louder, with 28 countries demanding an immediate end to the Gaza war.
In the United States, the Trump administration is redefining its approach to Africa, while Congress is set to review relations with South Africa and Sudan. In a separate development, the US has withdrawn from UNESCO, citing ideological differences.
In Africa, Libya has deported 700 Sudanese migrants, highlighting the complexities of migration and border control on the continent. Meanwhile, the World Health Organization has released new guidelines for HIV prevention, a crucial step in the global fight against the disease.
In a significant economic development, Akwa Ibom, GACN, and NNPC have signed a $3.5 billion gas deal, poised to boost Nigeria’s economy. The Caribbean Community (CARICOM) has also congratulated Dr. Jennifer Geerlings-Simons on her historic election as Suriname’s president, marking a new chapter in the country’s history.
As we reflect on the leadership of Peter Obi, a people’s call and a nation’s hope, we are reminded of the power of visionary leadership to inspire and uplift. And in the world of entertainment, Beyoncé’s unreleased music has been stolen in Atlanta, highlighting the ongoing challenges faced by artists in protecting their intellectual property.
These and many more interesting stories are for your reading pleasure in our must-read 55th edition. Be informed, as you grab your copy.
Stay connected with the world around you – read Diaspora Watch today!
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Dive into the latest edition of Diaspora Watch, a premier publication dedicated to sharing the stories and experiences of the global diaspora community!
The 54th edition promises to be a riveting read, packed with thought-provoking articles, in-depth analysis, and expert insights on pressing topics affecting Africans globally.
Diaspora Watch FREE Digital View: https://diasporawatch.com/3d-flip-book/diaspora-watch-vol-54/
On Demand Print: https://www.magcloud.com/browse/issue/3125894?__r=1069759
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This edition covers a range of timely and impactful stories, from cultural missteps to global economic shifts. You’ll find in-depth coverage of former Nigerian President Muhammadu Buhari’s passing in London, the US shifting focus to trade in Africa, and Pacific Island Nations leading the charge in climate action.
Other highlights include Governor Soludo’s engagement with Ndi Anambra in the US, celebrating 52 years of CARICOM’s regional integration and cooperation, and Barcelona’s payment to Messi in deferred salary.
Some of the key stories you’ll encounter include:
Trump’s recent comments on Liberian President’s English ability have sparked debate, Kenya is in turmoil with opposition demands for the President’s resignation, and the Trump administration is pushing Africa deportation deals.
Meanwhile, ICE has arrested dozens of convicted criminals in a nationwide operation, and the US State Department has cut over 1,300 jobs in mass layoffs.
Whether you’re interested in news, politics, or culture, the 54th edition of Diaspora Watch has something for everyone.
Stay connected with the world around you – read Diaspora Watch today!
Celebrating African excellence and spotlighting pressing global issues.
#DiasporaWatch #AfricaInFocus #GlobalNews #CulturalVoices #AfricanPerspective
Jay-Z Emerges World’s Richest Musician with $2.5bn Net Worth — Forbes
CARICOM Calls for Nominations for 2025 Women, Youth Energy Awards
Nigeria Deports 50 Chinese, Dozens of Others in Crackdown on Cybercrime Syndicate
Pastor Jerry Eze Defends Miracles At UK Conference Amidst Criticism And Controversy
Diaspora Watch 20th Edition (October 14-20, 2024): Your Trusted Source for Global News and Insights
