NATIONAL PILOT PLAN FOR INVENTORY OF NATIONAL ASSETS
Plan · Governance
A Plan creates a comprehensive inventory and database of federal government assets for better management. It targets federal agencies, asset managers, and oversight bodies. This improves asset tracking and prevents misuse.
What Is This Policy?
A pilot programme to create a comprehensive inventory and database of all federal government assets across Nigeria, enabling better management and accountability.
Who Does It Target?
Federal government MDAs, asset managers, the Bureau of Public Procurement, and oversight agencies.
What Does It Aim to Achieve?
Establish a comprehensive national asset register, improve asset tracking and accountability, prevent loss and misuse of public assets, and support informed decision-making.
Key Features
Asset Register: Creates a centralized database of all federal government assets. Tracking System: Enables monitoring and tracking of government properties. Accountability: Improves transparency in government asset management. Pilot Approach: Phased implementation starting with selected MDAs.
Current Status
Rollout Stage: Pilot phase with selected MDAs. Coverage: Initially select MDAs; planned expansion nationwide. Funding: Federal government appropriation.
How to Access
MDAs participate through the designated asset inventory process. MDAs cooperate with asset enumeration teams Provide asset information for the register Maintain updated records
Impact & Metrics
Expected to improve government asset management and reduce waste.
Official Resources
Website: N/A Contact: Federal Government, Abuja
Legal Framework
Operates under the Fiscal Responsibility Act 2007, the Finance (Control and Management) Act 1958, the Financial Regulations, and the Bureau of Public Procurement Act 2007. Draws on the Accountant-General of the Federation circulars on asset management and the International Public Sector Accounting Standards (IPSAS) framework.