Overview
On July 14, 2024, the Federal Executive Council approved the National Policy on Arbitration and Alternative Dispute Resolution (ADR), 2024. The approval signals Nigeria's commitment to building a stronger arbitration and ADR environment, one capable of managing disputes efficiently, reducing the burden on courts, and boosting investor confidence.
The Policy aligns with Nigeria's international obligations under the UNCITRAL Model Arbitration Law, the Singapore Convention on Mediation, and other conventions to which the country is a signatory. It also sets guidelines for the selection of arbitrators, the engagement of counsel, and the development of a comprehensive Code of Conduct for Arbitration and ADR practitioners.
