gural speech of 29th May, 2011. The Nigeria Police, The Economic and Financial Crimes Commission (EFCC), Independent Corrupt and other Practices Commission (ICPC) Code of Conduct Bureau and Public Complaints Commission have all been re-equipped and have re-strategized in their methods of combating corruption, to ensure efficiency, effectiveness and transparency in the handling of corruption related cases. 6.3.15 The EFCC specifically, in collaboration with the Central Bank of Nigeria (CBN) and Corporate Affairs Commission (CAC) has substantially reduced money laundering and advanced fee fraud. The fight against cyber crime has also reached advanced stage. Despite these efforts, however corruption remains one of the greatest bottlenecks to rapid economic development and democratization in Nigeria. 6.4 Objective 4: Ensuring Affordable Access to Water, Energy, Finance (Including Microfinance), Markets and Information and Communications Technology (ICT) to all Citizens, especially the Poor 6.4.1 Nigeria’s current power generation capacity is approximately 4,000 Megawatts of electricity as against immediate national demand of 10,00015,000MW. In 2005 a Rural Electrification Fund (REF) was created to promote rural electrification and currently, about 600 of the 774 Local Government Headquarters in the country are connected to the national grid. Nigeria is a country of about 160 million people, but only about 40% of the population has access to electricity. This is grossly adequate, but the Federal Government hopes to conclude the on-going power sector reforms by the year 2012. This is expected to raise power generation to about 10,000 mega watts. Also negotiations have been concluded for the construction of a nuclear power plant in the country. 6.4.2 Nigeria is not living in isolation from other African countries when it comes to the problem of portable water. Despite the huge amounts committed to water resources and power generation, only about 72% of urban dwellers and 49% of rural dwellers have access to safe water. The Federal and State Governments, within available resources, have undertaken a series of reasonable investments in the area of water management. 92