OAL Celebrates Nigeria’s New National Arbitration Policy
OAL proudly celebrates a landmark achievement in Nigeria’s arbitration and dispute resolution landscape with the Federal Executive Council’s approval of the National Policy on Arbitration and Alternative Dispute Resolution (ADR) 2024–2028.
This transformative policy, developed under the leadership of Dr. Olisa Agbakoba, SAN, as Chairman of the Committee on the National Policy on Arbitration and ADR, marks a significant step toward strengthening arbitration practices in Nigeria.
Key Impacts of the National Policy on Arbitration and ADR:
- Integration of Arbitration & ADR into Government Agencies – Enhancing efficiency in dispute resolution across government institutions.
- Positioning Nigeria as Africa’s Arbitration Hub – Attracting global investment and fostering economic growth.
- Reducing Reliance on Foreign Arbitration Venues – Keeping valuable legal and financial resources within Nigeria.
- Enhancing Inter-Agency Cooperation & Compliance – Ensuring a seamless and effective dispute resolution framework.
At OAL, we are proud to have played a pivotal role in shaping this historic policy. We remain committed to supporting its implementation and strengthening Nigeria’s position as a premier destination for arbitration and dispute resolution.
We extend our deepest gratitude to the Attorney General of the Federation for their unwavering support in making this policy a reality.
The National Policy on Arbitration and ADR has been officially gazetted. Click here to access it.
