FG launches national electronic asset register to promote accountability

The federal government has launched a national electronic asset register to increase transparency and promote accountability.

Oluwatoyin Madein, the accountant-general of the federation, announced the development in a post on X on Thursday.

Madein said the initiative would provide real-time access to information on government-owned assets.

“Today, the National Electronic Assets Register was launched by the Office of the Accountant-General of the Federation,” she said.

“The importance of transparency in asset management cannot be overstated. It ensures that we know what assets we own, where they are located and how they are used.

“The national electronic asset register is designed to give real-time access to information about the assets owned by the federal government.”

Madein said it would also serve as a central point where public policymakers and the government can access and track the nation’s assets.

She said the initiative would promote greater accountability, which is crucial in preventing mismanagement, fraudulent activities, and corruption.

The register, the accountant-general added, is a significant move to ensure that government assets are effectively utilised for the benefit of Nigerians.