By Fatima Saka
The Nigerian Bar Association (NBA) has stressed the need for a stronger legal and institutional environment to unlock Nigeria’s investment potential and accelerate sustainable economic growth.
The NBA President, Oyinkansola Badejo-Okusanya, SAN, FCIArb (UK), made the call while congratulating the Dangote Group on its Initial Public Offering (IPO), which she described as a significant development for Nigeria’s capital market and investor confidence.
Badejo-Okusanya said Nigeria’s economic transformation could not be achieved by government alone, noting that sustained private-sector investment, innovation, job creation and expansion of productive capacity were essential to building a resilient and competitive economy.
“Nigeria’s economic transformation will not be driven by government alone. It requires businesses willing to invest, innovate, create jobs and build for the future. Our role as lawyers is to help create and sustain the legal and institutional environment in which such enterprise can thrive,” she said.
She reaffirmed the NBA’s commitment to promoting the rule of law and an enabling business environment that would encourage legitimate investment, strengthen regulatory confidence and protect commercial interests.
According to her, lawyers occupy a strategic position in economic development through the provision of sound legal frameworks, regulatory compliance and the certainty required by businesses and investors to make long-term decisions.
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The NBA President commended the Dangote Group for its sustained contribution to Nigeria’s economic development through investment, enterprise, employment generation and expansion across key sectors.
She congratulated the company’s management, employees, investors and stakeholders, expressing confidence that its continued investments would contribute to Nigeria’s industrial and economic development.
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