Oil, gas, electricity and commercial arbitration in Nigeria

It is apt to say that of the mechanisms open to parties seeking to resolve their commercial disputes swiftly and efficiently, arbitration is perhaps the most effective. It continues to form a major part of every commercial agreement used especially in developing economies (and developed ones too), offering an increasing promise that those countries yet to embrace the resolution model, are no more than one missed investment opportunity away from doing so. In the context of Nigeria, grouped among the world's Emerging Markets, the arbitration option has long been embraced, offering an exciting and viable alternative to the litigation/courtroom battles that have hitherto dominated its landscape.