Ernest Shonekan Centre, NBA-SBL partner for legal reforms
By Adebola Adegoke
The Ernest Shonekan Centre for Legislative Reforms and Economic Development (ESC) and the Nigerian Bar Association Section on Business Law (NBA-SBL) have signed a Memorandum of Understanding.
The agreement aims to strengthen legal and economic reforms in Nigeria for improved competitiveness and inclusive business growth.
At Thursday’s ceremony in Lagos, both organisations reaffirmed their commitment to a responsive legal environment that boosts investment and economic development.
Mr Kyari Bukar, Chairman of ESC, said the agreement formalises nearly ten years of collaboration between both organisations.
He stated they had consistently shared expertise, held discussions, and launched initiatives to enhance Nigeria’s business landscape.
“This is not merely ceremonial; it solidifies a strategic alliance for legislative, judicial, and regulatory reform supporting economic transformation,” Bukar said.
He described the ESC as a platform for legal reform and economic progress, focused on evidence-based policy, institutional capacity, and regulatory modernisation.
Bukar added that the partnership reflects a shared belief that strong legal frameworks are vital for a competitive economy.
He cited the joint production of an Economic Impact Assessment Report which led to the National Assembly Business Environment Roundtable (NASSBER).
That initiative, he said, enabled major reforms like the Companies and Allied Matters Act and the Arbitration and Mediation Act.
He added that the collaboration requires courage, consistency, and commitment—qualities shared by both organisations.
Mrs Ozofu Ogiemudia, Chair of NBA-SBL, highlighted the need for sound legal and regulatory systems to attract investment and promote innovation.
She said the agreement marks a major step in creating a better business climate and fostering sustainable economic growth.
“Our country’s progress has long been obstructed by legislative and judicial bottlenecks.
“With this partnership, we begin to tackle those issues directly and systematically,” Ogiemudia added.
She explained the MoU provides a framework for joint advocacy, policy research, and capacity building to strengthen Nigeria’s institutions.
According to her, the alliance will push for better business practices, transparency, and accountability across sectors.
“It includes engaging regulators, identifying legislative gaps, and providing timely insights to policymakers,” she said.
Dr Uchenna Ogbonna, ESC’s Executive Director, noted that the collaboration will ensure legal and business reforms attract foreign investment.
The News Agency of Nigeria (NAN) reports that ESC was set up by the NESG in 2023 to promote reforms that improve Nigeria’s business environment.
Edited by Kamal Tayo Oropo
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