enforcement of rights, and liability for violation, has also been extended to companies and individuals.  Capital Market and SMEs’ Access to Finance: The Nigerian capital market which slumped at the pick of global economic recession has started picking up. This is attributed to the present Administration’s commitment at achieving the country’s Vision 20:20:20 objectives. As a result of the extension of the CBN guarantee of interbank transactions in January and May, 2010, the money market stabilized in the review period. The May 2010 extension of the interbank guarantee was designed to cover up to June 2011. Being aware of the indispensable roles the SMEs have to play in achieving the Vision20:2020 objective, the present Administration, through its agencies like the Small and Medium Enterprises Development Agency (SMEDAN). The Central Bank of Nigeria (CBN) Bank of Industry (BoI), National Economic Reconstruction Fund (NERFUND) National Bureau of Statistics and international partners like United Nations Development Programme, United Nations Industrial Development Organization (UNIDO) etc, engaged in massive capacity widening activities for the SME sector aimed at empowerment and recapitalization. Some of these efforts include the National Policy on Micro Small and Medium Enterprises Development: In collaboration with the United Nations Development Programme [UNDP] and all relevant stakeholders, SMEDAN delivered the first national Policy that would sign-post the development of the micro, small and medium enterprises [MSME] sub-sector. The policy effectively resolved the persisting confusion surrounding definitions of Micro, Small and Medium enterprises, [see Table below] as well as provided the platform for achieving institutional synergies in coordination, monitoring and evaluation in a National Consultative Committee on MSME Policy implementation. The national Committee has since been set up, while some states like Edo, Zamfara, Kwara, 55