The Federal Government of Nigeria says it has thrown weight behind BRICS call for the reform of international financial institutions and South-South cooperation that empowers developing nations.
Amb. Dunoma Ahmed, Permanent-Secretary of the Ministry of Foreign Affairs, said this while delivering Nigeria’s statement at the 18th BRICS Foreign Ministers Meeting on Friday in New Delhi, India.
Mr Ahmed represented the Minister of Foreign Affairs, Amb. Bianca Odumewgu-Ojukwu, at the meeting which centered on the reforms of global governance and multilateral system.
The theme of the meeting is: “Building for resilience, innovation, cooperation and sustainability.”
He explained that Nigeria’s vision firmly aligned with BRICS commitment to a multipolar world order, saying it shared the call for inclusive representation.
He said Nigeria also supported the reform of international financial institutions, and for strengthened South-South cooperation that empowered developing nations.
Ahmed said Nigeria believed that the global financial system must be restructured to give emerging economies stronger and more credible voice.
According to him, this will ensure that development financing is fair, accessible, and responsive to the needs of the Global South.
“We align with BRICS in promoting balanced trade, resisting protectionism, and advancing regional integration.
“Nigeria’s leadership in the African Continental Free Trade Area demonstrates our commitment to building bridges across the Global South, in harmony with BRICS’ vision of shared prosperity, ” he said.
He reiterated that the calls for unity of purpose and clarity of vision has become important as the world confronts current realities to shape a system that is just, equitable, and resilient.
He said that Nigeria stands ready to lead and to contribute to achieve set targets.
“We are committed to ensuring global governance evolves into a true instrument of peace, fairness, and progress, one that reflects the aspirations of all nations and secures Africa’s rightful place of decision-making.
“Nigeria’s voice is resolute. Reform is essential, inclusivity cannot be compromised, and the choices we make today will shape our collective future,” he said.
This, according to him, will determine whether global governance truly becomes an instrument of peace, fairness, and progress.
The permanent-secretary decried conflicts and insecurity to have destabilised regions, as well as geoeconomic rivalry to have destabilised trade and widened inequality.
He said that trust in institutions undermined confidence in multilateralism.
However, he described global governance and multilateralism as once pillars of cooperation, saying such should not be ignored as the world faced existential-challenges.
NAN
