"Process & Industrial Development (P&ID) vs. The Federal Republic of Nigeria (2023)" by Kiiza Smith, Renu Pal Sood et al.
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Abstract

Abstract

This article discusses the case between Process and Industrial Development Limited vs. The Federal Republic of Nigeria (2023). Arbitration is relatively new to Nigeria and arguably Africa as a whole. Nigerian Judges and the populace are considered inexperienced and may barely have sufficient knowledge on Arbitration. It is also difficult to find lawyers that are grounded in Arbitration. Hence, arbitration cases are not often decided in Nigeria. It is often said that “Nigeria does not have a fighting chance.” This means that when it comes to Arbitration, Nigeria simply does not have the resources and manpower to handle and decide cases using Arbitration. This is so because the cases that would require the use of Arbitration are mostly cases bordering on International and foreign Investment, International Trade and so on. And in recent times, Nigeria has not been involved in international transactions of such nature. Nigeria has had limited exports and foreign direct investment in the country hence the legal system has not had the opportunity to acquire such expertise. This can be said to be one of the causes of the country's lack of experience in Arbitration. This paper shall discuss the facts of the case above, the breach of Contract and the Arbitration award of the Arbitral Tribunal as well as the final decision of the English Commercial Court in London. Most importantly, this paper will argue some of the challenges of Arbitration and make recommendations that would be essential to Arbitration proceedings and Arbitrators.

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