The federal public service is undergoing reforms, and the introduction and enforcement of the ‘Due Process’ in public procurement has saved government over N120 billion. There is an ongoing effort aimed at National Law reforms as most of the legal-institutional infrastructure need reforms. The ports and customs are undergoing reforms, and the maritime sector has been strengthened.
Several landmark successes that have fundamentally changed the dynamics of the economy include: the banking sector and telecommunication revolutions; the debt relief (which wiped off $ billion of Nigeria’s external debt), the sound macroeconomic environment; the privatization programme; deregulation of the down stream oil sector; fundamental sectoral reforms in agriculture and health; stable exchange rate regime and increasing external reserves (from $ b in 1999 to about $ b today, after paying $ b to the Paris Club of creditors).