5.1 Objective 1: To Provide an Enabling Environment and Regulatory Framework for Economic Activities 5.1.1 The Nigerian Investment Promotion Commission (NIPC) is established by Act of Parliament to attract, promote, coordinate, encourage and monitor all investments in Nigeria. Its functions include, among others, to: provide necessary assistance and guidance for the establishment and operation of enterprises in Nigeria; initiate and support measures which shall enhance the investment climate in Nigeria for both Nigerian and non-Nigerian investors; promote investments in and outside Nigeria through effective promotional means; and collect, collate, analyze and disseminate information about investment opportunities and sources of investment capital and advise on request 5.1.2 The three tiers of Government have undertaken various reforms since the restoration of democratic governance in 1999. These reforms are targeted at repositioning the entire political and socio- economic system on the path to sustainable development. At inception, the present Administration, through its agencies, embarked upon a transformation agenda to ensure good governance in all facets of the country’s political, economic and social terrain. The major aim of this agenda is wealth creation through employment generation; infrastructural development; and the rule of law. Among actions taken to achieve these goals are: Repositioning and Renaming the Ministry of Commerce and Industry as Ministry of Trade and Investment .The Ministry is mandated to take all necessary measures to create a conducive environment for productive, profitable and efficient business endeavours that will spur economic growth and development. Establishment of a Ministry of Information and Communication Technology in July 2011. The Ministry was created to facilitate the efficient and effective use of information communication technology to generate employment, revitalize the sector and position it for 21st century chal64