Nigeria Aims to Become Global Arbitration Hub

The Federal Government of Nigeria is intensifying efforts to position the country as a preferred destination for international commercial arbitration. This initiative was unveiled by Attorney General and Minister of Justice, Lateef Fagbemi SAN, during the 10th ICC Africa Conference on International Arbitration held in Lagos.

The government aims to strengthen Nigeria's legal institutional framework to attract dispute resolution businesses globally. Yakubu Maikyau SAN, the President of the Nigerian Bar Association, emphasized the commitment to creating an environment that makes Nigeria a leading arbitration hub not just in Africa but globally.

A committee has been constituted to review Nigeria's national arbitration policy as part of broader efforts to enhance the country's competitiveness in the global dispute resolution market. The conference featured discussions on the future of dispute resolution in Africa and highlighted the need for stronger collaboration among governments, legal practitioners, and business leaders to amplify Africa's voice in the global arbitration landscape.