Legal Framework
From The Report: Nigeria 2012
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OBG introduces the reader to the different aspects of the legal system in Nigeria, in partnership with Ajumogobia & Okeke. Ovie Ukiri, Managing Partner at Ajumogobia & Okeke, talks to OBG.

Articles from this Chapter

Overview

Framework for investment: Legislation is designed to support the local economy and promote private participation in key sectors
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With the commencement of the sixth republic, the Nigerian president, President Goodluck Ebele Jonathan, introduced a transformation agenda in which he promised to achieve the Vision 20:2020 goals developed by the Yar’Adua/Jonathan administration. President Jonathan’s Transformation Agenda seeks to revolutionise the Nigerian economy by reforming the key sectors in the country, particularly the oil and gas industry, the electric power sector, infrastructural development and foreign investment.…

Viewpoint

Ovie Ukiri, Managing Partner, Ajumogobia & Okeke, on the mining industry
OBG
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The Nigerian government has adopted what has been referred to as an ambitious policy to grow the mining sector to 15% of GDP by 2015. The mining sector currently accounts for 1% of Nigeria’s GDP. Clearly, to achieve the proposed growth, Nigeria would require immediate and substantial foreign and local investment in the mining sector. Whether this can be achieved in the short term would depend on how conducive and competitive Nigeria and its mining sector are in attracting the required level of…