reduces transactions cost; and enhances transparency and accountability in government business and among public offices etc. Sovereign Wealth Fund 4.3.2 A major milestone in public finance management is the establishment of the Sovereign Wealth Fund, aimed at saving excess revenue from the sale of crude oil for the future. This will enhance fiscal stability, budget discipline and growth of the country’s revenues from external sources. 4.3.3 Other measures include: the establishment of Cash Management Committee headed by the Federal Minister of Finance to ensure budget diligence and compliance; oversight functions of the Public Accounts Committee of the National Assembly to scrutinize and query any unauthorized expenditure in the FMDAs; and strengthening the functions/mandate of the EFCC and ICPC to instill probity in the management of public finance. 4.3.4 There are strong indications that Nigeria’s economic reforms are producing positive results particularly in terms of their impact on growth and macroeconomic stability. Achievements in this regard include the following: reduction in the level of inflation. a general rise in the rate of economic growth. moderate decline in poverty index from 65.6 percent in 1996 to 53.4 percent in 2004 and projected to less than 36. 6 in 2009; 57