setting up of private refineries ; diversify the economy away from primary products and away from crude oil and natural gas ; improve other key economic and social infrastructure ; and sustain the subsisting democratic governance. the global environment for development has changed quite significantly in recent years, with the rapid growth in world trade, capital flows and information and communications technology. nigeria can benefit from these changes by providing a more conducive investment climate in the country. 6. conclusion the prospects for growth in nigeria are very bright going by the achievements recorded during the last ten years and the current reforms in the various sectors. however, for nigeria to consolidate these economic gains and move higher in the frontlines of growth and development, it must deepen reforms that improve human capital, promote high - quality public infrastructure, and encourage competition. the pillars to sustain this consolidation must include a firm fiscal policy, transparent fiscal operations, development - oriented monetary and exchange rate policies, strengthening of the financial sector and strict adherence to the rule - of - law and respect for the sanctity of contract as well as commitment to fighting corruption and corrupt practices. in all of these, nigeria has opportunity for progress. we must break away from the past to deliver a new nigeria that the future generations of nigerians would be proud of. our electoral process must not only be credible, but must be seen to be credible, since robust economic performance necessarily requires a robust political environment to happen. i thank you all for your attention. references 1. ajakaiye, d. o ( 1990 ) inter - industry linkages in the nigerian economy 1973 – 1977, niser monongraph series no 2 niser, ibadan. 2. central bank of nigeria annual report and statement of accounts, cbn, abuja. 3. ernest c. a. ndukwe : telecommunications as catalyst for a modern industrialized nigeria. 4. felix o. ayadi, et al : structural adjustment, financial sector development and economic prosperity in nigeria. 5. harrod, r. f. and e. d. domar, ( 1946 ) “ capital expansion, rate of growth and employment ”, econometrica, 14, april. 6. mankiw, n. g. ( 2001 ) ; principles of microeconomics ( 2nd edition ), fortworth : harcourt collegepublishers. 7. national bureau of statistics ( nbs ) 2010 issues. 8. ncema : structural adjustment programme in nigeria

! just to be sure, let me ask you : nag - level up na ba tayo? tama! in other words, ladies and gentlemen, we at the bsp remain faithful to the continuous improvement process. this is as it should be. as a wise person once said, the path to excellence has no finish line. the moment we become complacent the moment we stop trying to improve ourselves is the moment when we start deteriorating. as the institution mandated to provide stability to our economy through appropriate monetary and banking policies, we at the bangko sentral ng pilipinas have the responsibility to make sure we render excellent work, at all times. this means we have to be prepared to work well in all types of operating environment in good times and in bad. we have to retool and reinvent the way we do things as we work in a constantly changing and challenging surroundings. in this connection, let us acknowledge the members of the monetary board. they have been supportive of our continuing efforts to enhance employee performance through various incentives and employee development programs. palakpakan po natin sila. this is the rationale that underpins our awards theme : “ embracing change, empowering people. ” and so ladies and gentlemen, let us once again commit to work together to provide excellent service to our country and our people. let this be our unifying goal! bspers, maraming salamat sa inyong lahat! mabuhay ang bangko sentral! mabuhay ang pilipinas!