 to ensure that the financial sector contributes to the real economy and;  to improve financial infrastructure supervision, auditing, accounting and corporate governance. Some of the key elements of the banking reforms are:  capital injection of N620 billion into Nine Banks that were found to have significant erosion in capital base;  minimum reliance of banks on public sector funds;  adoption of a risk -focused and rule- based regulatory framework;  adoption of zero tolerance in the regulatory framework, especially in the area of reporting and interactions;  removal of Managing Directors of eight banks which were found to have significant erosion in capital base;  establishment of Assets Management Corporation of Nigeria (AMCON) to serve as a veritable vehicle to free banks from the weight of their non-performing assets and accelerate the process of their recapitalization; 4.2  establishment of the Financial Stability Committee (FSC); and  adoption of common year end for banks. Objective 2: Implement Sound, Transparent & Predictable Government Economic Policies 4.2.1 Stakeholders’ participation in policy, planning and budgeting was enhanced during the period under review. The Economic Transformation Blueprint of Nigeria’s Vision 20:2020 was produced and launched in 2009. The objective 38

Select target paragraph3