The North, Sharia Applications and Investment Limitation
Heritage Foundation Dialogue Last Wednesday, I attended an event tagged “Nigeria’s Moment: A Transatlantic Strategic Partnership Dialogue”, organised by the Heritage Foundation (driven by Mr Ayo Otuyalo and Mr James
At a recent Heritage Foundation Dialogue, discussions centered around Nigeria's strategic importance in a transatlantic partnership. Governor Babajide Sanwo-Olu of Lagos State, former Governor Dr. Kayode Fayemi, and other distinguished speakers highlighted Nigeria's abundant natural resources, including critical minerals, arable land, and a youthful population. However, legal matters surrounding mineral ownership and resource control emerged as a significant issue during the event.
Section 44(3) of the 1999 Constitution and Section 1 of the Land Use Act 1978 appear to clash with common law principles regarding land and mineral ownership. This complex arrangement, involving both federal and state authorities, can hinder ease of doing business in Nigeria's mineral-rich regions. Moreover, the adoption of Sharia law in several Northern States has been a contentious issue, as it may lead to extremism and hinder investment from foreign entities that value the rule of law and religious freedom.
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