About the National Assets Register (NAR)
The NAR is a database of Federal Government assets for transparency and optimized management.
The National Assets Register (NAR) is a centralized database system developed by the Ministry of Finance Incorporated (MOFI) to catalog all assets owned by the Federal Government of Nigeria (FGN). This initiative is a cornerstone of MOFI’s mission to enhance transparency, optimize asset management, and maximize the financial potential of government assets.
Objectives
The NAR serves as a register for tracking and managing Federal Government assets and investments. This strategic tool aims to provide:
- Complete and reliable information on all the assets and investments of the FGN, including the condition of the asset and all other relevant features
- Distinct asset categorization for maximum asset visibility as to their utilization and leveraging asset value to unlock liquidity
- A platform that serves as a starting point for creating a pipeline of instruments and transaction opportunities
Asset Classification
The NAR categorizes assets into nine classes
Corporate Assets
FGN-owned shareholdings in public and private entities.
Concessions
Public-Private Partnership (PPP) agreements facilitating private sector investment in public infrastructure and services.
Real Estate Assets
FGN properties including lands and buildings located within Nigeria and overseas.
Infrastructure Assets
Infrastructure holdings, including roads, schools, airports, bridges, railways, ports, water systems and multifunctional structures.
Energy Assets
FGN oil and gas assets.
EXTRACTIVE Assets
Reserves and resources of solid minerals, metals, and other extractive industry commodities.
Power and Electricity Assets
All FGN-owned Power Infrastructure assets.
Intangible Assets
Non-physical assets such as FGN-owned licenses, patents, trademarks, copyrights, software and other intellectual property rights.
Financial Assets
FGN financial instruments, including FGN-issued bonds, sovereign investments, and other securities.
Benefits of the NAR
At its core, the NAR is designed to strengthen the Federal Government’s capacity to grow revenue and optimize returns from its extensive asset portfolio. By providing a clear view of all government-owned assets and investments, the NAR enables better resource allocation, promotes accountability, and helps identify opportunities for value creation across Nigeria’s wealth portfolio.
How the NAR Works
The NAR functions as an advanced digital platform that catalogs and tracks government-owned assets and investments. Through collaboration with various Ministries, Departments, and Agencies (MDAs) and utilizing advanced technology and robust data management, it maintains an up-to-date register of Nigeria’s public wealth. Ready to explore Nigeria’s assets?
ANNUAL ASSETS REPORT
The Annual Assets Report provides critical insights into the financial health of government-owned and government-linked companies under MOFI. The report highlights the performance of these companies, detailing their contributions to the nation’s economy and the returns they have generated for the Federal Government. The Annual Assets Report ensures that Nigerians are informed about how public resources are managed and their impact on the economy.
Key Highlights of the Report
- Portfolio Overview
- Financial Performance of Assets
- Dividends to the Federal Government
- Economic Impact
- Governance & Policy Alignment