Power Sector Reform;
Oil and Gas Sector Reform;
Tax Policy Reform;
Investment Climate Reform;
Banking Sector Reform; and
Ports Reform.
A major milestone is the establishment of the Sovereign Wealth Fund.
The performance of the Nigerian economy in 2010 was mixed but better than in
2009. The real Gross Domestic Product (GDP) in 2010 grew at 7.8% as against 6.96%
in 2009. The performance of the manufacturing sector remained disappointing in
2010 which is attributable to the poor state of infrastructure, especially power
supply. The non oil sector grew at 8.81% in 2011, higher than 8.5% and 8.3% in
2010 and 2009 respectively.
CORPORATE GOVERNANCE
Corporate governance emphasizes the balance between economic and social goals
of individuals, communities, and corporations within the polity.
At inception, the present Administration embarked upon a transformation agenda
based on good governance in all facets of the country’s political, economic and
social life. The major aim of this agenda is wealth creation through employment
generation, infrastructural development, and the rule of law. To improve corporate
governance, the Securities and Exchange Commission and the Central Bank of
Nigeria introduced new Codes of business conduct. Concrete steps have been taken
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