Challenges to implementing PPPs (6)

Low confidence in the formal legal systems (courts) to speedily dispense justice contribute to lower sanctity of contracts and in turn to lower appetite for investors to undertake PPP projects. Though alternative dispute mechanisms are now fully developed in Nigeira, they are yet to attain high confidence levels amongst all stakeholders, not for any identifiable failings in their performance, but more for low utilization, eg when arbitrations clauses are used in related agreements, foreign parties often prefer foreign jurisdictions for dispute settlements, such that not enough disputes go before the local structures. Do you agree that this is a challenge?

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