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Rule Of Law Is Critical To Nigeria’s Economic Survival – AELEX

A leading commercial law firm in Nigeria, AELEX, has stated that the rule of law is not merely a human rights or political issue but is also a critical factor for economic growth and development.

The Managing Partner of AELEX, Adedapo Tunde-Olowu (SAN), stated this at a press conference to announce the 19th edition of the firm’s annual lecture, with the theme “Rule of Law and Economic Development: The Nigerian Experience.”

AELEX Founding Partner, L. Fubara Anga SAN; Business Development Partner, Aelex, Kikelomo Osisesan; Partners, Rebecca Ebokpo; Tiwalola Osazuwa; Managing Partner, Adedapo Tunde- Olowu, SAN; and Partner, Ugonna Ogbuagu

Tunde-Olowu also pointed out that it is clear that without order, Nigeria’s aspirations for meaningful change will never materialise.

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He further maintained that the rule of law is not merely a legal construct but the foundation upon which economic progress, investor confidence, and sustainable prosperity rest.

The senior lawyer said the lecture has become one of the country’s most respected intellectual gatherings over the past two decades, bringing together stakeholders in law, governance, business, and civil society.

Tunde-Olowu revealed that the keynote address of this year’s lecture, which will take place on Tuesday, October 14, will be delivered by the former Vice President of Nigeria, Prof. Yemi Osinbajo (SAN).

He also stressed that a high-level panel of discussants, including the Director General, Lagos Chamber of Commerce and Industry, Dr Chinyere Almona; Chairman, Bi-Courtney Group, Dr Wale Babalakin, (SAN); Managing Director, Financial Derivatives Company, Mr Bismarck Rewane; and journalist and public affairs analyst, Dr Reuben Abati, will be in attendance.

Also speaking at the event, a Senior Partner at AELEX, Prof. Fubara Anga (SAN), said that the lecture provides a non-partisan space for honest engagement on issues of national importance.

“While participants may not always agree, the platform’s credibility ensures robust, respectful debate,” Anga said.

He added that this year’s discussion will spotlight practical issues such as property rights, the sanctity of contracts, regulatory powers, and dispute resolution, all crucial for attracting investment and driving Nigeria’s economic revival.

13th October 2025
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