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Third-party funding (TPF) is transforming the arbitration landscape, providing claimants with essential financial support to pursue their cases without the burden of hefty legal costs. By covering legal and administrative expenses, TPF allows parties to focus on developing strong strategies and compelling arguments that enhance their chances of success.

With the recent Arbitration and Mediation Act 2023, TPF is now recognized in Nigeria, providing a clear legal framework that boosts access to justice and attracts international funders to the country’s arbitration market.

In this article, TEMPLARS Partner, Desmond Ogba, and Associate, Grace Nwaigwe, examine the game-changing impact of TPF for claimants, highlighting how strategic partnerships can enrich Nigeria’s arbitration scene and open up exciting opportunities for local and international stakeholders.

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