AYOYINKA OLAJIDE-AWOSEDO – Set to Deliver Impactful Outcomes at the 2023 NBA-SBL Conference

A Partner at the law firm of Aarndale Solicitors, where she heads the firm’s Corporate and Commercial Practice Group, Ayoyinka Olajide-Awosedo sits on the council of the Section on Business Law of the Nigerian Bar Association (NBA-SBL) as its Treasurer and this year as the Chair of the Conference Planning Committee for the annual NBA-SBL International Business Law Conference in Lagos.

In the run-up to the Conference, Olajide-Awosedo bared her thoughts in a conversation with the editors of NEWSWIRE on the Conference and what it promises for the Nigerian business and commercial ecosystem.

Excerpts:

NEWSWIRE: What inspired you to take on the role of the Conference Planning Committee (CPC) Chair for this year’s NBA SBL Conference?

OLAJIDE-AWOSEDO: I was nominated by the Council of the NBA-SBL to be CPC Chair this year. I believe they had confidence in my ability to take on the role given my involvement and contribution to the CPC over the years. It is a call to service, one that I am honored to answer and a remarkable opportunity to contribute to the advancement of legal practice and make a lasting difference in shaping the future of business law in Nigeria. I appreciate the faith the Council has in my and that of the other members of the Conference Planning Committee’s ability to put on an impactful and world standard conference this year.

Q: Can you share some insights into the theme, “The Nigerian Business Landscape: Priorities for Law, Policy, and Regulation,” and why it was chosen for this year’s conference?

A: The theme, “The Nigerian Business Landscape: Priorities for Law, Policy, and Regulation,” was thoughtfully selected for this year’s NBA SBL Conference to address the pressing issues and challenges faced by businesses operating in Nigeria today. Particularly, as this is a transitional year for Nigeria, with the election of a new government, it is pertinent that we as business lawyers participate in setting an agenda for the new administration focused on transforming the Nigerian economy, retaining the wealth of talent we have in our country and making the Nigerian business environment attractive to investors.

Law, policy, and regulation foster innovation, promote competition, protect
stakeholders, and ensure stability in the business environment. When effectively designed and implemented, they create an environment conducive to economic growth and development. This is the very essence of the Section on Business Law and why it was set up – to support and promote best practices in business law that will enhance the business environment. The theme underscores our commitment to fostering a conducive environment for businesses to thrive, recognizing that law, policy, and regulation play pivotal roles in shaping the trajectory of the Nigerian business landscape.

Q: What are the main objectives and goals you hope to achieve with this conference?

A: The NBA-SBL as an association of business lawyers has an obligation to ensure that the business environment is stable and conducive for the conduct of business. We do this by promoting best practices and driving policy changes that ensure growth in the business environment. Our annual conferences are a culmination of this objective. The conferences foster dialogue, information and knowledge sharing among diverse stakeholders – legal professionals, policymakers, and industry leaders; generate insights and innovative thinking; and facilitate collaborations – such as that with the National Assembly Business Environment Roundtable (NASSBER) and the Presidential Enabling Business Environment Council (PEBEC) These contribute to sustainable economic growth, enhanced business practices, and a favorable legal framework. This is how we continue to set the agenda for government and policy makers. Additionally, the conferences provide invaluable networking opportunities that can forge meaningful connections, stimulate partnerships, and contribute to the growth and development of the Nigerian business ecosystem.

Q: How has the planning process been so far, and what are some of the key challenges and successes you’ve encountered along the way?

A: The planning process for the NBA SBL Conference has been both invigorating and with its fair share of challenges. It has been quite an interesting period for the CPC – we have been successful in curating a very engaging and diverse program and securing the participation of renowned sector experts. One of the main challenges has been fundraising – it has been a tough year economically for Nigerians and understandably there are many things competing for the pockets of our sponsors but we are extremely grateful for the support we have received. Our sponsors and attendees see the value and the capacity that the NBA-SBL conferences offer and are willing to back us every year. We can’t ask for more than that. The members of the CPC are dedicated and resilient, and have an unwavering commitment to ensuring that we pull off an excellent conference this year. It has been tough going at times but many great hands make light work. We have received positive feedback so far in terms of registration numbers with almost 1000 people registered to attend physically.

One very significant challenge that we have faced as a committee this year is the loss of Damola Awobokun who was one our most dedicated team members. She was a beautiful light and was very committed to the success of the conference and SBL as a whole. Her passing has been a huge blow to the Committee, however, she has inspired us to intensify our efforts in ensuring we deliver an impactful conference.

Q: Could you highlight some of the exciting sessions, panels, or keynote speakers that attendees can look forward to?

A: Attendees can anticipate an array of stimulating sessions, thought-provoking panels, and esteemed speakers at the NBA SBL Conference. We have as our keynote speaker this year, Mr Shubham Chaudhuri, Country Director for Nigeria, World Bank – whose expertise speaks directly to the theme of the Conference – he is an economics expert with a focus on development economics. There will be knowledge packed sessions led by thought leaders, policy makers, captains of industry and regulators discussing sector specific priorities that can aid in easing doing business in Nigeria. Our sessions encompass a wide range of topics that are crucial to the Nigerian business landscape. From transformative legislative and policy reforms to the future of financial services regulations, the impact of emerging technologies, and the role of public-private partnerships in bridging infrastructural gaps, harnessing the economic potentials of AfCFTA amongst others. Our young lawyers debate is also one not to be missed with discussions surrounding “the Future of Work”.
The conference promises to deliver a wealth of knowledge and diverse perspectives from accomplished speakers across various sectors.

Q: In what ways will this conference benefit participants, both in terms of knowledge and networking opportunities?

A: The NBA SBL Conference offers participants a wealth of benefits, encompassing both knowledge and information acquisition and networking opportunities. By attending the conference, participants gain access to in-depth insights into the current business landscape, legal perspectives, and policy developments in Nigeria. Moreover, the event provides an exceptional platform for networking with industry leaders, experts, and potential collaborators. There are social events every evening which provide a more relaxed and informal setting to engage in meaningful conversations and cultivate connections that extend beyond the conference walls. These connections can foster professional growth, strategic partnerships, and open doors to new opportunities in our dynamic business ecosystem.

Q: How does the conference cater to the needs and interests of both lawyers and non-lawyers in the business sector?

A: Our conferences are open to all participants in the business ecosystem. Legal and regulatory frameworks generally govern business activities, ensure the stability and integrity of markets and protect investors. The conference is a convergence of regulators, industry leaders, business professionals and lawyers, each one critical to the discussions we will be having around the conference theme. While lawyers will benefit from gaining legal perspectives and insights, non-lawyers have the unique opportunity to understand the legal aspects that significantly impact the Nigerian business lndscape. By providing a holistic view of the business ecosystem, the conference ensures inclusivity and fosters interdisciplinary collaboration, creating an enriching experience for all attendees.

Q: Are there any special events or activities planned during the conference to enhance the overall experience for participants?

A: To enhance the overall conference experience, we have meticulously planned special events and activities that add value and create a vibrant atmosphere. Outside of the dedicated networking sessions, interactive workshops, and panel discussions featuring prominent speakers and industry leaders, there will be an opening ceremony and dinner where we will hear from Mr Chaudhuri, the keynote speaker who will share his insight and perspective on how best to drive sustainable growth and economic development in Nigeria.

We will be running a regulatory clinic on the sidelines of the conference to assist attendees with any issues they may have with their processes or applications with Regulators. Additionally, this year, on a lighter note, we are putting on a Lawyers Got Talent competition which is open to all lawyers registered to attend the conference to showcase their creative talents. The finalists will perform live during the conference and attendees will have a chance to vote for their favorites – it promises to be an exciting night. For our young lawyers, as we have done in the past years, the NBA-SBL will be giving 25 young lawyers a scholarship which covers the cost of conference registration and hotel accommodation for the duration of the conference.

Q: Can you share any success stories or memorable moments from previous conferences that demonstrate the impact and value they bring to participants?

A: Previous conferences have been replete with success stories and memorable moments, showcasing the profound impact and value they bring to participants. Attendees have shared accounts of gaining invaluable knowledge, expanding their professional networks, and forging strategic partnerships.

In the last few years, we have seen business-focused reforms carried out by the Presidential Enabling Business Environment Council (PEBEC) in collaboration with NASSBER and the private sector, through the NBA Section on Business Law. These collaborations have impacted positively the Nigerian business environment. It is important to note that several of these reforms were direct fall-outs from engagements at our Annual Business Law Conferences. Some of these developments, include the Companies and Allied Matters Act 2020, the Business Facilitation Act (BFA) 2022 and the recent Finance Act 2023, whose amendments are designed to advance key macroeconomic objectives and improved taxation strategies for businesses. Indeed, some of these reforms (by way of policies and regulations) have enabled thousands of micro, small and medium-sized enterprises (MSMEs).

Q: What sets this year’s NBA SBL Conference apart from previous editions? Any new features or additions that attendees can expect?

Answer: This year’s NBA SBL Conference stands out through its unwavering commitment to relevance and addressing the evolving needs of the business and legal community. Specifically, our Regulatory clinic which was introduced at last year’s conference and focused on the CAC was a resounding success and we have expanded it this year to include other regulators such as the Patent Office and Trademarks registry, the EFCC to aid in SCUML applications, and the Federal Competition and Consumer Protection Commission. We will also have an Exhibitions showcase featuring businesses which provide support services to lawyers and the business community as a whole. This year, with the emergence and impact of technology, there will be a special tech hub to showcase cutting edge innovative products and services. We have 2 regulator-led lunchtime sessions which will focus on recent regulations and how best businesses can implement.

Q: How do you envision the conference contributing to the growth and development of the Nigerian business landscape?

A: The NBA SBL Conferences will continue playing a pivotal role in the growth and development of the Nigerian business landscape. By bringing together legal professionals, policymakers, and industry leaders, the conference serves as a catalyst for collaboration, idea generation, and the formulation of effective strategies. The dialogue and insights generated during the conference have shaped policies and will continue to drive economic growth, and foster a favorable business environment that nurtures innovation, entrepreneurship, and sustainable development in Nigeria. Our post conference communique will be shared with relevant stakeholders with the hopes of developing impactful policy as we have done in the past.

Q: Can you speak to the importance of collaboration and partnerships in organizing a successful conference like this?

A: Collaboration and partnerships are of paramount importance in organizing a successful conference like the NBA-SBL Conference. By actively engaging with industry associations, government bodies, academic institutions, and other stakeholders, we tap into a wealth of expertise, resources, and networks. These collaborations enable us to curate a comprehensive and diverse program, secure renowned speakers, and ensure the conference’s relevance and impact. On a granular level, the CPC itself is a collaboration of NBA-SBL members.

The collective effort of multiple stakeholders working in synergy leads to a truly enriching experience for all participants.

Q: What advice would you give to attendees to make the most of their experience at the NBA SBL Conference?

A: I would advise attendees to actively participate in the sessions, ask thought-provoking questions, and engage in meaningful discussions with fellow participants. Networking is key, so I encourage attendees to take advantage of the networking sessions and connect with industry leaders, experts, and potential collaborators. Additionally, I urge attendees to explore the interactive workshops and panel discussions, as they offer practical insights and actionable takeaways that can be implemented in their professional endeavors. Finally, unwind with other attendees at the social events.

Q: Looking ahead, how do you envision the future of the NBA SBL Conference and its impact on the business and legal community?

A: The NBA SBL Conference is a transformative platform that will continue to shape the business and legal community in Nigeria. The conference has evolved to address emerging challenges, explore cutting-edge topics, and foster collaboration to drive meaningful change. By providing a forum for knowledge and information sharing, networking, and strategic partnerships, the NBA-SBL Conference will continue to play an instrumental role in shaping the future of the Nigerian business landscape, driving economic growth, and propelling the legal profession forward.

Q: Perhaps more than the other Sections of the NBA, the SBL is always at the cutting edge of technology when it comes to its Conferences. What role will tech play at this particular Conference? 

A: This year will be a hybrid conference. As we have done in recent times, attendees who are unable to come to Lagos to attend the conference physically will be able to attend virtually through our conference application Whova. The Whova app will be utilized for efficient implementation of all aspects of the conference from registration, the digital conference brochure, social communities where attendees can interact, entry into conference social events and much more.

Additionally, our exhibition showcase this year features a tech hub where tech companies will showcase innovative products and services which attendees and their businesses can benefit from.

We also have a tech focused session with the discussion surrounding the Impact of Emerging Technologies and Digital Transformation on the Nigerian Business and Legal Environment.

Q: A few months ago, the NBA Women Forum held its Conference in Abuja, where issues around tech and gender equity were discussed. Would you say female members are getting a fair shake in terms of equitable representation in the scheme of things at the SBL? 

A: I think the SBL has been very intentional in terms of gender representation – looking at the executive committee, we have more women sitting on Council than men, we have several female-led committees and others with female executives. This year, we have a woman leading the conference planning committee even our general members composition is more women than men. I would say the SBL is doing its part in ensuring equitable representation amongst its ranks.

To register for the conference please visit the NBA-SBL official website at www.nbasbl.org.
For additional information, sponsorship opportunities, and exhibition inquiries, please contact the NBA-SBL secretariat through the following channels:
WhatsApp numbers: 08115984575, 08095174000
Call line: 09038000095
Email: info@nbasbl.org