ISDS Case Map
Nigeria
Nigerian Association of Chambers of Commerce, Industry Mines and Agriculture has charged the federal government to domesticate the African Continental Free Trade Area so as to enable the country to benefit from the full implementation of the agreement.
Some economists suggest that the liberalization of trade will result in an unequal distribution of losses and profit gains while economically dislocating a large number of workers in import-competing sectors.
Nigerian labour unions and civil society organizations have urged the government not to assent to the ECT, explaining that the Treaty contains provisions for an Investor-State Dispute System (ISDS), which accords investors obscene privileges.
The Nigerian Minister of Industry, Trade and Investment, has called for the establishment and strengthening of more arbitration institutions in Africa in line with international standards.
The Nigerian creative sector argues that the scalability of the industry within the AfCFTA will depend on the existence of a robust framework that supports IP rights and provides digital security.
Nigeria has completed all three of its accession reports but the Energy Charter Conference placed restrictions on ECT accession finalization procedures, placing Nigeria’s accession path into a state of pause.
The fears that Nigeria might become a dumping ground for manufactured goods, especially with the advent of the AfCFTA, has heightened as Nigeria’s Trade in Goods Statistics show rising deficit in manufactured goods trade.
Nations of the D-8 should sign a much-needed preferential trade agreement to remove tariff and non-tariff barriers, ministers and entrepreneurs of the trade bloc said.
Nigeria has unleashed one of the most spectacular legal attacks on one of its key oil and gas investors, to an extent previously unseen in the country’s more than 60 years of hydrocarbon production.
ROYAL Dutch Shell Plc launched arbitration proceedings against the Nigerian government over a long-running community dispute.
