Reginald Mezu, International Corporate Tax Adviser, Cragus Group, Dubai, UAE in his article, “The Tax Framework and The Challenge of Foreign Investments in Nigeria” posits that Nigeria has fared badly in attracting foreign investments, save in the oil and gas industry (possibly due to the natural resource simply being located in the country) or the telecommunications industry (possibly due to the population demand and the surfeit of supply from the public services) because it has failed to make the grade in relevant parameters that foreign investors consider. He recommends flexibility in the options for foreign investors to establish operating entities in the country, clearer tax rules and better targeted tax incentives, among others, to send a strong signal that the country is ready to do business with foreign investors in a stable, protective and encouraging environment.