{"id":120411,"date":"2025-07-05T13:39:11","date_gmt":"2025-07-05T12:39:11","guid":{"rendered":"https:\/\/pointblanknews.com\/pbn\/?p=120411"},"modified":"2025-07-05T13:39:11","modified_gmt":"2025-07-05T12:39:11","slug":"tinubu-joins-world-leaders-in-brazil-for-brics-summit","status":"publish","type":"post","link":"https:\/\/pointblanknews.com\/pbn\/news\/tinubu-joins-world-leaders-in-brazil-for-brics-summit\/","title":{"rendered":"Tinubu joins world leaders in Brazil for BRICS Summit"},"content":{"rendered":"<div style=\"text-align: justify;\">By Myke Agunwa<\/div>\n<div style=\"text-align: justify;\"><\/div>\n<div style=\"text-align: justify;\">President Bola Tinubu on Friday at 8:45pm local time, arrived Rio de Janeiro, the capital of Brazil, from Saint Lucia to attend the 17th BRICS Summit.<\/div>\n<div style=\"text-align: justify;\"><\/div>\n<div style=\"text-align: justify;\">BRICS, an acronym for Brazil, Russia, India, China and South Africa, is a group of emerging economies formed to promote peace, development, and economic cooperation among member nations.<\/div>\n<div style=\"text-align: justify;\"><\/div>\n<div style=\"text-align: justify;\">The bloc was initially known as BRIC until South Africa joined in 2010, adding the &#8220;S&#8221;. In recent years, BRICS has expanded to include new members like Egypt, Ethiopia, Iran, and the United Arab Emirates.<\/div>\n<div style=\"text-align: justify;\"><\/div>\n<div style=\"text-align: justify;\">It aims to strengthen the voice of the Global South in international affairs, reduce dependence on Western-dominated institutions, and support inclusive growth through initiatives like the New Development Bank.<\/div>\n<div style=\"text-align: justify;\"><\/div>\n<div style=\"text-align: justify;\">BRICS advocates for reforms in global financial systems, encourages trade in local currencies, and promotes multi-polarity to counter Western dominance.<\/div>\n<div style=\"text-align: justify;\"><\/div>\n<div style=\"text-align: justify;\">On arrival, Tinubu was welcomed by the secretary for Africa and the Middle East, as well as the secretary for innovation and commerce.<\/div>\n<div style=\"text-align: justify;\"><\/div>\n<div style=\"text-align: justify;\">Other African leaders attending the summit include those from Egypt, Ethiopia, and South Africa, who are full members of BRICS.<\/div>\n<div style=\"text-align: justify;\"><\/div>\n<div style=\"text-align: justify;\">The 17th BRICS Summit will focus on strengthening cooperation among Global South nations to promote inclusive and sustainable development.<\/div>\n<div style=\"text-align: justify;\"><\/div>\n<div style=\"text-align: justify;\">With the theme \u201cStrengthening Global South Cooperation for More Inclusive and Sustainable Governance,\u201d the summit will prioritize financial innovation, digital inclusion, climate action, and healthcare. A major highlight will be the launch of the BRICS Multilateral Guarantee (BMG) Fund to attract private investments using guarantees from the New Development Bank (NDB).<\/div>\n<div style=\"text-align: justify;\"><\/div>\n<div style=\"text-align: justify;\">It will prioritize discussions on global South-South collaboration and sustainable development, with a focus on social, economic, and environmental development priorities.<\/div>\n<div style=\"text-align: justify;\"><\/div>\n<div style=\"text-align: justify;\">The summit comes against the backdrop of US President Donald Trump\u2019s tariff threat, underscoring the need for strengthened trade and technology exchange within the BRICS bloc.<\/div>\n<div style=\"text-align: justify;\"><\/div>\n<div style=\"text-align: justify;\"><\/div>\n<div style=\"text-align: justify;\">Bayo Onanuga, presidential spokesperson, in a statement on his X handle on Friday said that Tinubu\u2019s participation follows an invitation from Luiz In\u00e1cio Lula da Silva, president of Brazil.<\/div>\n<div style=\"text-align: justify;\"><\/div>\n<div style=\"text-align: justify;\">He said Nigeria is attending the meeting as a \u201cpartner country\u201d, which ranks above a guest nation.<\/div>\n<div style=\"text-align: justify;\"><\/div>\n<div style=\"text-align: justify;\">Onanuga added that the designation reflects a growing recognition of Nigeria\u2019s strategic importance within the bloc.<\/div>\n<div style=\"text-align: justify;\"><\/div>\n<div style=\"text-align: justify;\">This year\u2019s summit is taking place amid rising concerns over fresh tariff threats from United States President Donald Trump.<\/div>\n<div style=\"text-align: justify;\">Leaders are expected to push for greater use of national currencies in trade, though the idea of a common BRICS currency remains under discussion. The summit will also address reforms in global governance, especially within financial institutions and climate diplomacy, to reflect a more multipolar world order.<\/div>\n<div style=\"text-align: justify;\"><\/div>\n<div style=\"text-align: justify;\">BRICS is expected to take a strong stance against terrorism, following recent global attacks. The summit holds strategic importance as the bloc now includes 10 members representing about 40% of the world\u2019s population and GDP. By offering alternative economic and political models, the summit signals a major shift in global power dynamics. It will also lay the groundwork for India\u2019s hosting of the 2026 summit, showcasing BRICS as a united force for reshaping global governance.<\/div>\n<!-- AddThis Advanced Settings generic via filter on the_content --><!-- AddThis Share Buttons generic via filter on the_content --><!-- AddThis Related Posts generic via filter on the_content -->","protected":false},"excerpt":{"rendered":"<p>By Myke Agunwa President Bola Tinubu on Friday at 8:45pm local time, arrived Rio de Janeiro, the capital of Brazil, from Saint Lucia to attend the 17th BRICS Summit. BRICS,&hellip;<!-- AddThis Advanced Settings generic via filter on wp_trim_excerpt --><!-- AddThis Share Buttons generic via filter on wp_trim_excerpt --><!-- AddThis Related Posts generic via filter on wp_trim_excerpt --><\/p>\n","protected":false},"author":1,"featured_media":120412,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[5],"tags":[],"class_list":["post-120411","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Tinubu joins world leaders in Brazil for BRICS Summit - Pointblank News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/pointblanknews.com\/pbn\/news\/tinubu-joins-world-leaders-in-brazil-for-brics-summit\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Tinubu joins world leaders in Brazil for BRICS Summit - Pointblank News\" \/>\n<meta property=\"og:description\" content=\"By Myke Agunwa President Bola Tinubu on Friday at 8:45pm local time, arrived Rio de Janeiro, the capital of Brazil, from Saint Lucia to attend the 17th BRICS Summit. 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