The book consists of eleven chapters with topics on…
“The implementation of a harmonious and integrated legal infrastructure which underpins the PPP framework in Nigeria goes a long way in unlocking investment in the infrastructure landscape of Nigeria”
“The terminology relating to the rules discussed in this paper is not always clear. Sight is often lost of the critical underlying issues of contract, disclosure and genuine creditor protection. The rules are, in the perspective words of United Kingdom law reformers, “capable of catching a number of potentially beneficial or at least innocuous transactions and as a result, companies and their advisors, can spend disproportionate amounts of time and money ensuring that they do not inadvertently fall foul of the rules”
“It is recommended that a balanced approach be taken, that is, one that recognises the importance of having an exchange that can exercise its regulatory powers independently without having to look over its shoulders with the need to have an effective oversight regime. The Exchange must not be so independent without any oversight whilst the SEC’s power of oversight must not be so powerful it becomes a weapon that can be used against an Exchange at will. The oversight power must be exercised carefully, transparently and with great restraint.”
“Several oil and gas sectorial reforms as highlighted in this paper are ongoing in the upstream, midstream and downstream sectors. However, it is important that such reforms are continuously filtered and assessed through the prism of the five overarching objectives stated earlier in this paper, namely: (i) The imperatives of maximising returns from oil; (ii) The need to ensure internal self sufficiency in the supply of petroleum products; (iii) Continuing the effort to increase petroleum revenue (iv) Diversity of the energy and financial base of the economy and (v) The need for an international roadmap for the expansion of Nigeria’s oil and gas business!”
The contributions to this book acknowledge the pioneering role Chief Ogunbanjo has played in shaping modern commercial law practice in Nigeria.