The introduction of Alternative Dispute Resolution mechanism into the Nigeria oil and gas industry will held address conflicts amongst industry players, writes Peter Uzoho
Last Thursday, the Department of Petroleum Resources (DPR) in collaboration with stakeholders across the upstream, midstream and downstream value chains of the Nigeria oil and gas industry formerly activated the Alternative Dispute Resolution Centre (ADRC) in Lagos.
The ADRC is one of the five flagship centres of the Nigeria Oil and Gas Excellence Centre (NOGEC) flagged off in January by President Muhammadu Buhari.
ADRC is a veritable settlement platform in which oil and gas players in Nigeria can voluntarily approach to resolve their disputes in a more amicable, cost efficient and time saving manner, instead of going to courts.