The office of the Accountant General of the Federation has launched the National Electronic Asset Register and also unveiled a compendium of Federation Account Revenue Allocation for the years 2020 and 2033.

At the official launch, the Accountant General of the Federation, Dr.Toyin Madein explained that the sole aim is to ensure that public funds are managed in a very efficient and transparent manner and also to deploy the electronic National Asset register digitally.

She lamented that the manual tracking of assets management has been very cumbersome, but with the digital initiative of the National Asset E-Register for all MDAS can key in for proper documentation for government use as it will serve as a useful tool for investment guidelines, among many other benefits for investment purpose.

In her address, Minister of State for Finance, Doris Uzoka Anite expressed delight that the Digital Asset Register is a great achievement for the present administration, emphasiszing on the three component of the balance sheet which includes the assets and the equity side as it will help quantify the asset worth of Nigeria which include both fiscal and non fiscal assets, which will help show development partners that Nigeria is a healthy country to invest in, likewise the monthly compendium record.

Meanwhile, the database will not only offer real-time access but also aid in reporting the assets in compliance with International Financial Reporting Standards.