Federal government has launched an asset tracking and management project with which it will locate, identify, assess and evaluate all its movable and immovable assets.
Minister of Finance, KemiAdeosun, who disclosed this yesterday noted that a Central Asset Register will be created to realise this objective.
In a statement signed by director of Information in the ministry of finance, Salisu Dambatta, the minister also disclosed that a new Central Asset Register would be created and domiciled in the ministry for recording the actual quantity, value, condition and location of all capital assets belonging to the federal government.
This, she said, was in line with the provision of international public sector reporting standard under which the government is expected to record both its assets and liabilities.
The aim, she added, is to enhance accountability, promote transparency and deepen efficiency in line with the change agenda of the current administration.
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