 listing of companies in the telecommunication /upstream oil and gas sectors on the Nigerian Stock Exchange; and  generate perspectives and insights into the gaps existing in the revised Corporate Governance Code and other regulatory guidelines stipulated for operators. 5.1.7 The major constraints tending to frustrate the achievement of good corporate governance in line with the major objectives of the APRM process are as follows:  Inadequate budgetary allocation to the subsector due to steady increase in activities, awareness and demands. In view of a large population of enterprises requiring different forms of assistance, coupled with the challenge of covering a large country like Nigeria, there is the need for more budgetary allocations.  Prevalent insecurity which seems to have worsened since the conduct of last general elections. Insecurity has become a serious distraction to government’s development intents, as the capital which would have been used for development purposes are now being diverted to the installation of security gadgets.  Apathetic attitude of some members of the Organized Private Sector and ignorance of the informal sector especially at the grass roots level.  Dearth of reliable and up-to-date data in designing specific intervention programmes for different segments of enterprises.  The high cost of doing business in Nigeria due to operational infrastructural inadequacies, legal/ regulatory challenges and weak operation capacities of MSMEs. Expenses such as payment of commercial rates for training and capacity building, and mandatory regulatory fees by National Agency for Food and Drug Administration & Control (NAFDAC), Standards Organization of Nigeria (SON) and to a lesser degree, Corporate Affairs Commission (CAC) are hardly affordable, especially by start-ups. The Federal Government is also addressing these problems and hopes to develop a permanent solution in due course. 59