The Lagos State Government has intensified efforts to curb revenue leakages across its ministries, departments, and agencies as part of wider reforms aimed at improving accountability, boosting internally generated revenue, and strengthening governance structures.
The initiative, which covers about 80 state-owned agencies, is being driven by the Parastatals Monitoring Office (PMO) under the Lagos State Government.
Speaking during the 2026 Ministerial Press Briefing on Friday in Alausa, the Permanent Secretary of the PMO, Olugbemiga Aina, said the state had stepped up oversight and performance monitoring in line with the administration’s reform agenda.
He explained that the ongoing reforms were designed to improve efficiency, transparency, and financial discipline across all government parastatals and agencies.
According to him, the measures align with the state’s T.H.E.M.E.S+ development agenda, which focuses on building stronger institutions capable of delivering sustainable governance and improved public services.
“The Parastatals Monitoring Office remains committed to ensuring that all parastatals, agencies and government-owned companies operate in line with established administrative, financial and governance guidelines,” Aina said.
Aina disclosed that one of the key tools used in the reform process is the Parastatals Revenue Generating Meeting (PARGEM), a platform created to monitor revenue performance across agencies, identify leakages, and improve collection systems.
He noted that the state had monitored 80 revenue-generating agencies through the platform over the past year, while also conducting extensive inspections and evaluations.
According to him, 70 agencies were inspected in 2025, while another round covering 75 agencies is currently ongoing in 2026.
He said the inspections focus on revenue performance, expenditure management, pension compliance, project execution, and overall financial accountability.
“In line with our statutory responsibilities, we have continued to strengthen revenue generation mechanisms, monitor compliance, improve inter-agency collaboration, and ensure prudent project execution across state agencies,” he said.
The Permanent Secretary also revealed that the PMO carried out a large-scale project monitoring exercise involving 25 agencies to assess both ongoing and completed government projects.
He said the exercise was aimed at identifying project delays, ensuring compliance with approved standards, and guaranteeing value for public spending.
The monitoring was conducted in collaboration with engineers, builders, and architects from the Ministry of Works and Infrastructure.
In addition, the office carried out on-the-spot assessments of about 50 agencies to review operational efficiency, governance structures, succession planning, and audited financial reports.
Aina stressed that the Lagos State Government would continue to deepen its reform agenda through stronger monitoring systems, key performance indicator (KPI)-driven evaluations, and improved collaboration among stakeholders.
He added that the goal of the reforms is to block leakages, improve revenue generation, and ensure that public funds are properly managed for development projects across the state.
The move reflects the state’s ongoing push to strengthen fiscal discipline and improve service delivery across its public institutions.
