share Nigeria’s market regulation scorecard with the investment community; identify and assess latent regulatory and systemic constraints which could potentially undermine market growth, explore creative solutions to such, and suggest modalities for implementation; draw attention to market interventions targeted at enhancing market integrity and high level of compliance with regulatory provisions; and create a platform for all market stakeholders to interact with a view to galvanizing the market for growth. The project is expected to make the following impacts on the Nigerian Capital Market: increase capital inflow fuelled by strengthened investor confidence. upswing in market capitalization as trading volumes grow; 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. 73