ALP Review - Trends and Developments - Nigeria: Law and Practice, International Arbitration 2022

Introduction
As a result of the well-documented benefits of arbitration as a mechanism for the resolution of commercial disputes, we have witnessed a recent trend where countries have increasingly come to compete through legislation and court decisions to have their jurisdictions perceived as arbitration-friendly. This article examines the trends and developments in the field of arbitration in Nigeria. It analyses in detail some of the provisions of the recently passed Arbitration and Mediation Bill 2022, which now awaits the President’s assent. The paper also discusses some arbitration-related decisions that have recently emanated from Nigerian courts with a view to considering whether those decisions support or militate against the quest to establish Nigeria as a veritable regional arbitration hub, or at least as an arbitration-friendly jurisdiction.