Nigeria’s Changing Legal Landscape To Be Analysed In 2017 Report

• Stillwaters Law Firm signs first-time MOU with Oxford Business Group for new publication

Nigeria’s far-reaching reform package, which includes further privatisation plans and new incentives for investors, will be a key focus in a report out soon by the global research and consultancy firm Oxford Business Group (OBG).

The Report: Nigeria 2017 will shine a spotlight on the country’s long-term strategy for boosting oil output, which will be steered by a major overhaul of the regulatory framework governing the sector.

The government’s efforts to attract investment for areas of the economy deemed ripe for growth, such as agriculture, ICT and insurance, will also be explored.  In addition, OBG’s publication will analyse the steps taken to address the challenges that have weighed on Nigeria’s economy, which range from lower global oil prices and declines in foreign exchange to security concerns.

Stillwaters Law Firm has signed a first-time memorandum of understanding (MoU) with OBG for its forthcoming publication. Under the MoU, the firm will work with OBG to compile and produce the Law chapter of The Report: Nigeria 2017.

Afamefuna Francis Nwokedi, Principal Counsel & Group Head, Stillwaters Law Firm, said he looked forward to teaming up with OBG to bring the business community both at home and abroad up to date on Nigeria’s evolving legal framework.

“Nigeria’s plans for shifting the economy away from a reliance on hydrocarbons for export revenues and driving growth across its industrial sector, especially at its free zones, have necessitated major legislative and regulatory changes, with more expected,” he said. “Oxford Business Group’s reports on emerging markets are known to be essential reading for the international investment community. I’m delighted to be supporting the team’s research on Nigeria’s economy at this critical time in the country’s development.”

Diana Rus, OBG’s country director, said she was confident that Stillwaters Law Firm’s input would give investors valuable insight into Nigeria’s changing legal framework, including the impact of reforms on doing business in the country.

“While external pressures and domestic challenges remain problematic, Nigeria’s strong fundamentals and abundance of resources make it an attractive prospect for investors, especially those willing to look longer term for results,” she said. “Stillwaters has an in-depth understanding of the country’s legal landscape, providing services across the spectrum. I’m thrilled that both our team and readers will benefit from the law firm’s observations and analysis.”

The Report: Nigeria 2017 will be a vital guide to the many facets of the country, including its macroeconomics, infrastructure, banking and other sectoral developments. The publication will also contain contributions from leading representatives, including Audu Ogbeh, the Hon. Minister of agriculture, and Okechukwu E. Enelamah, the Hon. Minister of industry. The report will be available in print and online.