Investor Presentaiton

(v) • The publication of funds allocated to other tiers of government i.e. State and Local government inform of monthly subvention that comes from the federation account had really helped to promote transparency in governance. In the last few years, the Federal government had also taken tangible steeps to decongest the ports and remove barriers that impede speedy operations of ports activities, in what could be term as the most ambitious concessioning program in Africa, the federal government had so far awarded 22 long-term port concessions from 2006 to date. It has also set up a committee on "port reform" with the mandate to look at the possibility of conceding the management of the ports to private sectors- this was an attempt to set in motion a total privatization of the port. Security The FG is enhancing the operational capacity, preparedness and efficiency of the security services. Requisite force enablers and multipliers, including arms and ammunition, improved information and telecommunications equipment and facilities, riot control equipment, training and retraining, and sundry logistic support. Joint military Task Force in the Niger Delta (JTF) has also been introduced to curb unrest in the Niger Delta region. (vi) Electoral reforms On electoral reforms, Mr President on 22 August, 2007 announced a 22-member electoral Reform Panel with a former Chief Justice of Nigeria, Justice Mohammed Lawal Uwais as the Chairman to review the electoral system in order to ensure future elections are credible and meet international standards. The report of the committee is being implemented and discussion is also ongoing on electoral reforms 4.10 CHALLENGES/CONSTRAINTS FACED BY NIPC DURING THE REPORTING PERIOD of Administrative bottlenecks Administrative bottlenecks have undermined the administration incentives for investments. Approval/licensing requirements and processes are external to the operations of NIPC and the mandates / policy objectives of some agencies are sometimes at variance with the core mission of NIPC. Nigeria's tax 46

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