• The Federal Character Principle is a constitutional principle aimed at promoting national unity and ethnic equality. It commands national loyalty, thereby safeguarding the multiethnic and federal character of the nation. It ensures that no states, ethnic or other sectional groups will predominate in the government or any of its agencies. • President Yar’Adua’s declaration and publication of assets as a signal of commitment to good governance. President Yar’Adua adhered to constitutional requirements and declared his assets and liabilities to the Code of Conduct Bureau (CCB). He went beyond the call of duty and made his declaration public in order to fulfil a campaign pledge to the people of Nigeria • The National Agency for the Prohibition of Trafficking in Persons (NAPTIP) collaborates with security agencies in order to play a key role in the arrest and prosecution of human traffickers. Economic governance and management 18 • Technical Aid Corps (TAC) programme. Established in 1987, the Nigerian TAC is a foreign policy instrument designed to provide manpower assistance in all fields of human development to underdeveloped and developing countries in the southern hemisphere. It is one of Nigeria’s contributions to effective cooperation in socioeconomic development among African, Caribbean and Pacific (ACP) countries. It is currently the only volunteer service operated by an African country, which challenges the widely held view that African countries only get aid and do not provide it. The TAC has therefore enhanced the existing relations between Nigeria and beneficiary countries. On a wider scale, it has created an atmosphere of partnership where it would otherwise not have existed. • Bank consolidation and financial-sector reforms. In order to redress the weaknesses in the subsector, the CBN embarked on a comprehensive bank consolidation programme. This has resulted in the Nigerian banking sector becoming more sound and competitive. Indeed, 20 out of the 25 Nigerian banks were in the top 100 banks in Africa in 2006, and 17 Nigerian banks were in the top 1,000 banks in the world. There were none in 2005. • Efforts to improve public finance management by introducing due process in procurement. Since the return to democratic rule in 1999, the government of Nigeria has introduced several reforms aimed at strengthening public expenditure management. They include introducing higher levels of transparency and accountability by establishing the Budget Monitoring and Price Intelligence Unit (BMPIU). • Establishment of the EFCC and ICPC to enhance efforts to tackle corruption. By 2007, the EFCC had investigated and successfully brought to court several cases of corruption and cases of money laundering. It recovered significant amounts of public money.