4.2.3 The budgetary process also requires that the Fiscal Strategy Paper and the Medium Term Expenditure Framework be laid before the 326 House of Representatives members and the 109 Senate members of the National Assembly for debate. During this period, interested members of the public are free to observe the debate. It is mandatory as part of the procurement process to invite civil society organizations to observe MDAs procurement processes of goods and services. As part of the process of ensuring transparency and accountability, allocations of funds to the three tiers of government from the Federation Account are published for information of members of the public. 4.3 Objective Three: Promote Sound Public Finance Management 4.3.1 The Federal Government of Nigeria has introduced series of reforms and measures in the management of public finance. Major policy frameworks in this direction include the following:  Development of a fiscal policy strategy for laying out priorities and direction of budget and periodic publication of budgetary releases to FMDAs.  Nigeria Extractive Industry Initiative (NEITI) aimed at ensuring transparency in the extractive industry. The agency is empowered to seek for clarification on how much companies make from their operations, tax paid to government and their contribution to the development of their host government.  Introduction of the Medium Term Expenditure Framework (MTEF) aimed at projecting revenue and expenditure estimates for a period of 40