Nigeria is looking for a way out of its current economic quagmire and the Bola Tinubu-led government has set out policies. In this interview with THE WHISTLER, Paul Alaje, Partner and Senior Economist at SPM Professionals Limited, spoke on the benefits and threats of Nigeria joining the BRICS; Tinubu’s loans to SMEs, and how the Minister of Finance and Coordinating Minister of the Economy, Wale Edun can work with other ministers to revitalise the economy. Excerpts…
Well, there will be a lot of benefits for Nigeria, but I just have my worries because Nigeria is leaning towards the West than another bloc. So, if Nigeria joins BRICS, the relationship we have with China will be more robust and will perhaps be able to revitalise some of the things we have had to do with Russia and India. The highest country in terms of population in Europe is Russia, and they are represented.
