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The Account General of the Federation (AGF), Mrs Oluwatoyin Madein, says the newly introduced National Electronic Asset Register will increase transparency and accountability in public finances.

Madein said this during the inauguration of the register and unveiling of a Compendium of Federation Account Revenue Allocation from 2020 to 2023, in Abuja on Thursday.

According to her, assets are the backbone of any economy.

“For any government, public assets are a significant part of it balance sheet, influencing not just the financial position but also its ability to deliver services to the citizens.

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

“This is not just an accounting exercise but a matter of public trust,” Madein said.

She said that the national electronic asset register was designed to give real-time access to information about the assets owned by the Federal Government.

She said that the digital register would increase transparency and also serve as a central point where public policy makers and the government can access and track the nation’s assets.

” By doing this, we are fostering greater accountability which is essential to preventing mismanagement, fraud and corruption.

” When citizens can see how public assets are being managed, they can hold their government accountable.

“Whether it is infrastructure, equipment or other forms of public property, every asset must be accounted for.





https://www.vanguardngr.com/2025/03/national-electronic-asset-register-will-increase-transparency-accountability-agf/