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The Ministry of Finance, with support from the European Union through the Nature Nourishes–State and Resilience Building Contract (SRBC) Project, implemented by LINPICO, has concluded a three-day training workshop for Stores and Inventory Officers.
The workshop was held under the theme: From Records to Accountability: Strengthening Asset and Inventory Management in Ministries Departments Agencies (MDAs).
Furthermore, the training focused on developing a National Fixed Asset Register and an Inventory Master in line with international best practices. The initiative is aimed at strengthening the capacity of MDAs to effectively identify, record, manage and report government assets.
Director of Stores and Inventory Control, Joseph Ngegba, said the training was expected to contribute to the development of a National Fixed Asset Register, which he described as a cornerstone of the government’s Medium-Term National Development Plan.
He noted that the workshop would help build a cadre of skilled officers capable of leading improvements in inventory control and asset management. He also expressed appreciation to the European Union for its support through the SRBC Project implemented by LINPICO, noting that the technical assistance provided is crucial to advancing reforms aimed at improving accountability and transparency in the management of public resources.
The workshop equipped participating officers with both theoretical and practical knowledge covering the national policy and reform context, the purpose and minimum data requirements of a Fixed Asset Register, asset recognition, supporting documentation, reporting thresholds, derecognition, and common control weaknesses and audit findings.
Th training therefore marks an important step towards establishing a modern, centralised and sustainable framework for managing government assets in line with proposed IPSAS requirements and international best practices.
