EDO STATE JUDICIARY PARTNERS GIZ TO IMPROVE STATE INVESTMENT CLIMATE AND THE ECONOMY

EDO STATE JUDICIARY PARTNERS GIZ TO IMPROVE STATE INVESTMENT CLIMATE AND THE ECONOMY

The Edo State Judiciary is partnering with the Pro-Poor Growth and Promotion of Employment in Nigeria (SEDIN) Programme of the German Development Agency (GIZ). The objective of the programme is to improve the employment and income situation of MSMEs through access to finance and business services, strengthening entrepreneurial and managerial skills, and addressing key barriers in the business environment and investment climate of selected states in Nigeria. In line with this objective, SEDIN is partnering with Edo State Judiciary, being one of its focal states to improve the system for commercial dispute resolution and contract enforcement in the state.

One of the key indicators used by investors globally in assessing national and states economics across the world is the ease of enforcing contracts. This basically deals with how easy it is to enforce commercial or business contracts among entities in terms of number of processes, ease of the processes, cost, and predictability of the processes. As part of its contribution to the efforts of Edo State Government to improve the investment climate in Edo State and stimulate economic activities, the state judiciary has embarked on series of reforms including the establishment of Multi-Door Courthouse and small claim courts all of which has improved the contract enforcement system in Edo state especially for MSMEs.

To further strengthen the system, SEDIN is now supporting the Edo State Judiciary to train and certify panel of neutrals in mediation and conciliation. At the opening event for the training, the Chief Judge of Edo State, Hon Justice Esther Edigin stated that the Edo state judiciary believes this partnership will lead to effective and efficient commercial ADR which will fast track commercial dispute settlement which saves time and cost and an important reform for contract enforcement and improved business enabling environment in the state. The representative of SEDIN-GIZ, Akin Omoware Esq further explained that the beneficiaries of the SEDIN-GIZ Programme include the poor and vulnerable who do not have the wherewithal to enforce their contractual rights especially through the formal justice system that is technical, expensive and adversarial. As part of SEDIN’s inclusive business approach, this partnership will contribute to the efficient ADR system in the Edo state and give access to affordable system of commercial dispute resolutions for MSMEs including farmers who would not have been able to afford or access the regular court process to enforce their contractual rights.

About the Author

Edo Judiciary editor

Leave a Reply