Being the most populous black country in the world, with a growing economic strength, Nigeria is in a pivotal position to becoming the lead country in Africa in terms of inward investment.

As the world is fast turning into a global village where international commerce and international trade relations is being carried out across state boundaries, it is inevitable that there would be disputes and disagreements arising out of contractual relations between private and corporate investors, as well as between States. Litigation has always been the traditional means of dispute resolution for private, domestic or international conflict. Unfortunately, the underlying nature of litigation is adversarial and this has led to a breakdown of relations between litigants. Innovative means of resolving disputes have been recommended and developed, in a bid to maintain international trade relations and encourage investors across state boundaries and as a result international commercial arbitration has since rapidly become the favoured option for such parties.