The Lagos State Government has intensified efforts to strengthen transparency, accountability and operational efficiency across its parastatals and government-owned companies as part of measures to improve service delivery and drive sustainable development in the state.
Permanent Secretary Parastatals Monitoring Office, Olugbenga Aina at the 2026 Annual Ministerial Press Briefing held at the Bagauda Kaltho Press Centre, Alausa, Ikeja, also said the Office had continued to ensure that state-owned agencies operate in line with administrative and financial regulations while aligning with the T.H.E.M.E.S+ development agenda of the administration.
According to him, Lagos currently has 102 parastatals, agencies and government-owned companies operating across critical sectors including transportation, energy, finance, commerce, health and communications.
He explained that the office had focused on enhancing compliance, improving operational efficiency and promoting financial prudence among government entities over the past year.
“As the Office responsible for monitoring and evaluating the effectiveness of government-owned entities, the PMO remains committed to ensuring that these organisations deliver on their mandates in alignment with the vision of the Governor for sustainable development, efficient service delivery and good governance,” he said.
Highlighting key achievements, Aina
revealed that the office organised a three-day maiden retreat for chief executive officers and heads of parastatals, agencies and government-owned companies in the state.
The retreat, themed “Leadership and Good Governance: Strategies for Enhancing Performance, Service Delivery and Revenue Generation,” was designed to strengthen leadership capacity and improve institutional performance.
He noted that about 100 chief executives participated in the retreat, which was attended by the Lagos State Head of Service, Olabode Agoro, and the Commissioner for Environment and Water Resources, Tokunbo Wahab, who represented the Governor.
The Permanent Secretary also disclosed that the office conducted working tours and on-the-spot assessments of 36 agencies to evaluate operational standards, financial reporting, project implementation and alignment with government policies.
He said the inspections focused on measurable performance indicators, audited financial accounts, enabling laws and areas requiring reforms to meet modern governance standards.
On revenue generation, he said the office introduced the Parastatals Revenue Generating Meeting (PARGEM), aimed at tracking revenue performance, identifying challenges and improving collection processes across agencies.
According to him, the first quarter PARGEM session held in August 2024 involved 80 agencies whose performances were reviewed against budgetary targets.
He further stated that periodic inspections were carried out on 86 parastatals between November and December 2024 to evaluate performance and strengthen accountability mechanisms.
Aina also said the Parastatal Monitoring Office monitored more than 25 project sites across various agencies to ensure transparency in project execution and proper utilisation of public funds.
He said the monitoring exercise helped to identify delays, improve oversight and fast-track completion of stalled projects.
He added that the office organised a sensitisation programme on pension contribution management for 39 agencies to promote pension sustainability and improve workers’ welfare.
In addition, he said the PMO launched a Yoruba-language radio programme titled “Know Your Agencies” on Lagos Traffic Radio to educate residents on the activities and services of government agencies.
According to him, the programme has helped bridge the information gap between the government and residents while promoting inclusiveness and public awareness of state initiatives.
Aina reaffirmed the administration’s commitment to institutional reforms, corporate governance and improved productivity across all state-owned enterprises in Lagos.
Lagos State Government Strengthens Oversight of State Agencies.
The Lagos State Government has intensified efforts to strengthen transparency, accountability and operational efficiency across its parastatals and government-owned companies as part of ongoing reforms aimed at improving service delivery and accelerating sustainable development across the state.
Permanent Secretary Parastatals Monitoring Office, Olugbenga Aina at the 2026 Annual Ministerial Press Briefing held at the Bagauda Kaltho Press Centre, Alausa, Ikeja,
said the Office had continued to strengthen oversight functions to ensure government-owned agencies operate in line with administrative and financial regulations while aligning with the administration’s T.H.E.M.E.S+ development agenda.
According to him, Lagos currently has 102 parastatals, agencies and government-owned companies operating across strategic sectors such as transportation, energy, finance, commerce, health and communications.
He explained that the office had focused on improving compliance, promoting financial prudence and enhancing operational efficiency among government entities over the past year.
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Highlighting major achievements recorded by the office, Aina revealed that the PMO organised a three-day maiden retreat for chief executive officers and heads of parastatals, agencies and government-owned companies in the state.
The retreat, themed “Leadership and Good Governance: Strategies for Enhancing Performance, Service Delivery and Revenue Generation,” was designed to strengthen leadership capacity and improve institutional performance across government establishments.
He disclosed that about 100 chief executives participated in the retreat, which was attended by the Lagos State Head of Service, Olabode Agoro, and the Commissioner for Environment and Water Resources, Tokunbo Wahab, who represented the governor.
Aina further stated that the office conducted working tours and on-the-spot assessments of 36 agencies to evaluate operational standards, financial reporting, project implementation and compliance with government policies.
According to him, the inspections focused on measurable performance indicators, audited financial accounts, enabling laws and areas requiring reforms to meet modern governance standards.
On revenue generation, the Permanent Secretary the office introduced the Parastatals Revenue Generating Meeting (PARGEM), aimed at tracking revenue performance, identifying operational challenges and improving collection processes across agencies.
He said the first quarter PARGEM session, held in August 2024, involved 80 agencies whose performances were reviewed against budgetary targets and revenue expectations.
He also revealed that periodic inspections were carried out on 86 parastatals between November and December 2024 to further strengthen accountability and evaluate organisational performance.
The PMO, he added, monitored more than 25 project sites across various agencies to ensure transparency in project execution and prudent utilisation of public funds.
According to him, the monitoring exercise helped identify delays, improve oversight and fast-track the completion of stalled projects across the state.
He also disclosed that the office organised a sensitisation programme on pension contribution management for 39 agencies as part of efforts to promote pension sustainability and improve workers’ welfare.
In a move aimed at deepening public engagement, Obanikoro said the PMO launched a Yoruba-language radio programme titled “Know Your Agencies” on Lagos Traffic Radio to educate residents on the activities and services of government agencies.
According to him, the programme has helped bridge the information gap between government institutions and residents while promoting inclusiveness and public awareness of state initiatives.
He reaffirmed the commitment of the Sanwo-Olu administration to institutional reforms, corporate governance and improved productivity across all state-owned enterprises in Lagos State.
