Lagos Govt Intensifies Oversight In 80 Agencies To Block Revenue Leakages

Lagos State government has intensified oversight and performance monitoring across its parastatals and government-owned agencies as part of sweeping reforms aimed at boosting revenue generation, enforcing accountability and strengthening institutional governance across the state.

The permanent secretary, Parastatals Monitoring Office (PMO), Dr Dr lugbemiga Ayoola Aina, disclosed this during the 2026 ministerial press briefing yesterday in Alausa, Lagos.

Aina said the PMO had, within the last year, embarked on aggressive institutional reforms to improve efficiency, transparency, and financial discipline across Lagos State agencies, parastatals, and government-owned companies.

According to him, the reforms aligned with the Sanwo-Olu administration’s T.H.E.M.E.S+ agenda and are aimed at building resilient institutions capable of delivering sustainable governance and improved public service.

“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.

One of the major highlights of the reforms, he said, was the monitoring of 80 revenue-generating agencies through the Parastatals Revenue Generating Meeting, PARGEM, a strategic platform established to track revenue performance, identify leakages and improve collection mechanisms statewide.

The Permanent Secretary disclosed that the state also conducted inspection and periodic evaluation exercises across 70 agencies in 2025, while a fresh exercise covering 75 agencies was already underway in 2026.

He explained that the inspections focused on revenue performance, expenditure monitoring, pension compliance, project implementation, financial accountability and adherence to government guidelines.

“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 stated.

Aina revealed that the PMO also conducted a large-scale project monitoring exercise involving 25 agencies to evaluate ongoing and completed government projects, identify delays and ensure value for money in public spending.

He said the initiative was carried out in collaboration with engineers, builders and architects from the Ministry of Works and Infrastructure to guarantee compliance with approved standards and specifications.

Aina said the PMO also conducted on-the-spot assessments of 50 agencies to evaluate operational efficiency, succession planning, governance structures, and audited financial reports.