Nigeria has been admitted as a “partner country” of the BRICS bloc of developing economies. BRICS was formed by Brazil, Russia, India and China in 2009, with South Africa added in 2010, as a counterweight to the Group of Seven leading industrialized nations.

The Federal Government has announced its acceptance of joining BRICS as a partner country, marking a step in its efforts to strengthen international collaboration and economic development.

Nigeria’s powerful state governors dropped their opposition to an overhaul of the nation’s taxes, provided that plans to cut corporate tax and raise value added tax are abandoned.

President Bola Ahmed Tinubu has commended the Nigerian Governors’ Forum (NGF) for throwing its weight behind the proposed tax reform bills currently at the national assemblyAfter the NGF met with the presidential tax reform committee on Thursday,

President Bola Tinubu on Friday said the primary aim of the Tax Reform Bills, which he described as “pro-poor,” is to promote national interests, improve the competitiveness of Nigeria’s economy, and attract both local and foreign investments.