Other areas of Nigeria's policy framework for investment

This chapter addresses Nigeria’s policy challenges as concerns the impact on foreign and domestic investment of: infrastructure investment competition policy corporate governance and financial sector development. It investigates ongoing efforts to: increase private participation in infrastructure networks, notably energy enact a competition law as well as a code of corporate governance for Nigeria and address critical challenges of access to finance in the country, which poses a particular barrier to SMEs seeking to tap into investment linkage opportunities. The chapter makes recommendations regarding how to secure effective implementation of these reforms, and to level the playing field for private investment in various sectors of the economy. In infrastructure markets this will notably require greater institutional co-ordination among the various agencies charged with: price-setting for basic utilities public procurement monitoring the governance of state-owned enterprises and ensuring competitiveness.