Nigeria Calls for Reform of UN and Global Financial System at BRICS Summit
Nigeria has called for urgent reforms to the global governance system and international financial institutions, arguing that existing structures no longer adequately reflect the realities of today’s world.
Vice President Kashim Shettima, representing President Bola Tinubu at the 2026 BRICS Summit in New Delhi, India, said the international political and economic order must become more representative and inclusive.
Shettima called for reform of the United Nations, particularly the UN Security Council, as well as institutions governing the global financial system.
He argued that developing countries, particularly those in the Global South, should have greater representation in decisions affecting the global economy and international peace and security.
Nigeria’s position aligns with wider calls at the BRICS summit for changes to institutions such as the International Monetary Fund and World Bank. BRICS finance ministers and central bank governors had also called for these institutions to become more representative, transparent and accountable to emerging economies.
The 2026 BRICS summit, hosted by India, brings together an expanded group of emerging economies seeking stronger cooperation on trade, finance, technology and global governance.
The summit’s joint declaration also backed reforms to the international system and greater representation for developing countries, while promoting a more multipolar global order.
Nigeria, which joined BRICS as a partner country in 2025, has increasingly used the platform to push for greater African representation in global decision-making and stronger economic cooperation among developing nations.
