ALP NG & Co. Review on Dispute Resolution Landscape: Changes in Nigeria

The Arbitration and Mediation Bill received presidential assent on 26 May 2023. The Arbitration and Mediation Act 2023 (“AMA” or the “Act”) which repeals the Arbitration and Conciliation Act 2004 (ACA) was passed by the two houses of the National Assembly in 2022 as a tool to upgrade alternate dispute resolution methods in Nigeria to international standard and to meet international best practices. This was in recognition of some of the persisting problems and challenges encountered in the administration of arbitration under the ACA. To accomplish this, the AMA contains provisions that have introduced several changes and advancements on tents of the ACA.

This publication highlights and examines some of the notable changes and improvements introduced by the AMA, indicating the impact of some of these changes in the resolution of disputes.