THE Maritime Arbitrators Association of Nigeria (MAAN) says vibrant national maritime arbitration system will attract quality investors to the industry and fast-track its development.
Dr Omogbai Omo-Eboh, the President of the association, said this in an interview with newsmen in Lagos over the weekend.
Omo-Eboh said that the association adopted the strategy, as arbitration offered desired solutions and confidentiality in maritime disputes for parties in dispute.
According to him, maritime regulators and operators need a lot of enlightenment and advocacy to encourage people to tap into the arbitration dispute mechanism.
“There is still a lot of information dissemination we need to do to encourage people and to let them know that these are the things we do and how they can benefit from it in the maritime industry.
“So, towards that advocacy and enlightenment campaign, we usually organise an annual seminar called the ‘Practical Maritime Dispute Resolution’ Seminar.
“In addition to that, every year as well, we always organise a maritime arbitration workshop as part of objectives to enlighten the public and to demonstrate the practical aspect of how maritime arbitration works.