.setNickname returning Missing Privileges error

const { EmbedBuilder, SlashCommandBuilder } = require('discord.js');

module.exports = {
    data: new SlashCommandBuilder()
        .setName('nickname')
        .setDescription('Change your name')
        .addStringOption(option => 
            option.setName('name')
                .setDescription('Enter your new nickname')
                .setRequired(true)),
    async execute(client,interaction) {
        const name = interaction.options.getString('name');
        const userid = interaction.user.id;

        const guild = client.guilds.cache.get(`${process.env.guildID}`);
        await guild.members.fetch(`${userid}`).then(async member => {
            return member.setNickname(`${name}`).catch(async err => {
                return console.log(err);
            });
        }).catch(async err => {
            return console.log(err);
        });
    },
};

const { Client, Collection, GatewayIntentBits, Partials } = require('discord.js');
const client = new Client({ intents: [
    GatewayIntentBits.Guilds,
    GatewayIntentBits.GuildMembers,
    GatewayIntentBits.GuildMessages,
    GatewayIntentBits.GuildMessageReactions,
    GatewayIntentBits.GuildPresences,
    GatewayIntentBits.GuildIntegrations,
    GatewayIntentBits.GuildBans,
    GatewayIntentBits.DirectMessages,
    GatewayIntentBits.DirectMessageReactions,
    GatewayIntentBits.MessageContent,
], partials: [
    Partials.Message,
    Partials.Channel,
    Partials.Reaction
] });