‘LAW-INDUSTRY’ STAKEHOLDERS AS CATALYST INPROMOTING LAW, JUSTICE DELIVERY AND ECONOMICDEVELOPMENT OF THE NIGERIAN STATE

Abstract

The article examined the contribution role of the „law-industry‟ in promoting law, justice delivery
and economic development of the Nigerian state. As a matter of fact, the law industry is and has
remained critical stakeholders in the overall administration and adjudication of the justice system
in Nigeria. The law-industry has been a threshold elemental force reining the promotion of law
and related legal regimes, usually through effective justice delivery system, and cumulatively
ushering an enduring legacy of transparent and accountable governance, both in Africa and
Nigeria. The balancing need to sketch the legal matrix for the inter-relatedness between law and
justice delivery, and the development of the economy, is a desideratum. The impact of the law-
industry on justice delivery as well as the development of the economy cannot be over-
emphasised. A virile and effective legal and law-industry remain a panacea in promoting
economic-development. Beyond this threshold, the authors contended the attendant challenges
and impact of corruption on the economy in developing countries such as Nigeria; with associated
lack of accountability, insecurity, instability and weak institutions. The paper further questioned
the national budget format as irrelevant and archaic, consequent on age-old introduction by the
defunct colonial administration. The authors therefore maintained that the constitutional and legal
basis of the Nigerian economy should be the fulcrum upon which the government is to harness the
resources of the Nation in order to promote national security, efficient and dynamic self-reliant
economy. This, of course, is not an end but only a means to secure maximum welfare, freedom
and happiness of every citizen on the basis of social justice, equality of status and opportunity