The government uses fiscal incentives as a tool to attract investments in the country. It offers myriad of fsical incentives to potential investors in the hope that the amount of their investment will offset the costs of offering these incentives inthe long run. But the current incentive system in the country is prone to abuse. Transfer that are practiced. The admini ==== Rationale: The rationalization of investment incentives will pave the way for an incentive system that is consolidated andhighly-focused, cost effective in promoting investments, time-bound and simple to administer. Various laws will be integrated under the Omnibus Investments Code to simplify tax administration and minimize corruption and other abuses. Tax incentives wwill only be given to domestic industries with high compratice advantage and to all exporters that register with the Board of Investments. An inter-agency committee, based on specific criteria, will expenditure program will complement this Investment