• Privacy Policy
  • Terms
  • About us
  • Contact Us
  • Staff Email
Monday, August 18, 2025
  • Login
TheMattersPress
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
TheMattersPress
No Result
View All Result
Home News

MSMEs must adopt dispute resolution mechanisms – Director

The Matters Press by The Matters Press
February 11, 2022
Reading Time: 2 mins read
0
Nigeria disburses N56bn to MSMEs

The Director, Lagos Multi-Door Courthouse, Mrs Adeyinka Aroyewun, on Thursday, stressed the need for Micro Small and Medium Scale Enterprises (MSMEs) to adopt seamless conflict resolution mechanisms.

RELATED POSTS

‎Tinubu in fresh ideas to grassroots-development using 8,809 wards initiative – TMSG ‎

‎Obi’s One-Term Proposal, a gambit to grab power at all costs -Group ‎

National Single Window initiative, a major step for efficient cross-border trade – TMSG

She spoke on Day 3 of a peer-learning and capacity development workshop organised by the German Agency for International Corporation (GIZ)-SEDIN in partnership with the Lagos State Judiciary, in Lagos.

The workshop opened on Feb. 8, with the theme, “Strengthening the Operation of the Small Claims Court in GIZ-SEDIN Partner States”, with participants drawn from GIZ-SEDIN’s partner states (Niger, Edo, Lagos, Kano, Plateau, Oyo, Kaduna, Abia and Ogun states).

Aroyewun said that MSMEs needed seamless dispute resolution mechanisms, especially in view of their contributions to Nigeria’s Gross Domestic Product (GDP).

“It is important to note that MSMEs have become significantly crucial to the Nigerian economy as they contribute 48 per cent of GDP, account for 96 per cent businesses and 84 per cent of employment in Nigeria.

“It has become pertinent for MSMEs to adopt a seamless dispute resolution mechanism to solve an ever-widening range of conflicts between MSMEs and other businesses, individuals and government agencies.

“This approach would save costs, ensure confidentiality as well as enhance speedy dispensation of justice which will in turn translate into ease in doing business in Lagos and in Nigeria as a whole,” she said.

Aroyewun spoke on the topic: Facilitated Negotiation/Mediation Presented to Magistrates of the Small Claims Court.

Justice Rahman Oshodi, of the High Court of Lagos State, also spoke on ‘Enforcement of Judgements and Appeals’, at the event.

He said that the Small Claims Court referred to a classification of Magistrate Courts that dealt with liquidated money claims involving small amounts of money.

The judge said that the timeline and simplicity of the process had aided efficiency of the court.

According to him, the emergence of Small Claims Court has met and exceeded expectations in Lagos State, even at the appellate stage, despite some constraints.

Some legal practitioners at the event said that Small Claims Court would improve the sanctity of contracts and further boost foreign investors’ confidence in the country’s economy.

Tags: MSMEs
ShareTweetPin
The Matters Press

The Matters Press

Related Posts

Tinubu explains mission as he marks second year in office
Economy/Technology

‎Tinubu in fresh ideas to grassroots-development using 8,809 wards initiative – TMSG ‎

August 9, 2025
Obi, PDP candidate advises Buhari to increase tempo
Economy/Technology

‎Obi’s One-Term Proposal, a gambit to grab power at all costs -Group ‎

August 7, 2025
Importers face delays, higher costs on Red Sea woes
Economy/Technology

National Single Window initiative, a major step for efficient cross-border trade – TMSG

August 4, 2025
Chatham House stance on Nigeria’s economy, a non-biased assessment of  reforms
Economy/Technology

‎Group celebrates 45% increase in federal revenue in just one month

July 28, 2025
POLICY STATEMENT 027 BY THE INDEPENDENT MEDIA AND POLICY INITIATIVE (IMPI)
Economy/Technology

Alleged Wasteful Turn Around Maintenance (TAM) of Refineries: Setting the records straight

July 25, 2025
Dangote Fertilizer in gas supply deal
Economy/Technology

IMPI seeks forensic audit of refineries from 2000 to 2023 ‎ ‎

July 25, 2025
Next Post
Nigeria urged to create enabling space for Fintech operators

Nigeria urged to create enabling space for Fintech operators

Economists Challenge IMF on call for further VAT increase in Nigeria

Economists Challenge IMF on call for further VAT increase in Nigeria

Recommended Stories

Maritime sector critical to economic growth — Shippers

Maritime sector critical to economic growth — Shippers

December 28, 2021
TotalEnergies, CNOOC in deal to invest in Uganda’s Lake Albert

TotalEnergies approves N8.5bn dividends for 2022

June 2, 2023
Islamic bank supports Kano with N29.7m to upgrade grains market

Association reduces prices of grains in Kano market

February 15, 2024

Popular Stories

  • Rising prices of goods cause protests in Morocco

    Rising prices of goods cause protests in Morocco

    0 shares
    Share 0 Tweet 0
  • NLNG not responsible for gas supply shortfall, price hike

    0 shares
    Share 0 Tweet 0
  • NCC sets fresh operational fees, spectrum prices for telecom operators

    0 shares
    Share 0 Tweet 0
  • Hoarding causes hike in prices of grains

    0 shares
    Share 0 Tweet 0
  • Prices of Petrol, diesel increase in November

    0 shares
    Share 0 Tweet 0
TheMattersPress

We bring you the best news update in Nigeria

LEARN MORE »

Recent Posts

  • ‎Tinubu in fresh ideas to grassroots-development using 8,809 wards initiative – TMSG ‎
  • ‎Obi’s One-Term Proposal, a gambit to grab power at all costs -Group ‎
  • National Single Window initiative, a major step for efficient cross-border trade – TMSG

Categories

  • Agriculture
  • Economy/Technology
  • Energy
  • Entertainment/sports
  • Features
  • Foreign
  • Multimedia
  • Natural Resources
  • News
  • Oil and Gas
  • Photo
  • Politics
  • Security
  • Thematterspress
  • Uncategorized
  • Video

© 2025 Domo Tech World - Powered by Thematterspress.

No Result
View All Result
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us

© 2025 Domo Tech World - Powered by Thematterspress.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Call Us