Lagos State Moves to Block Revenue Leakages in 80 Agencies

The Lagos State Government has intensified its efforts to block revenue leakages and boost generation across its parastatals and government-owned agencies. This move, according to the Permanent Secretary of the Parastatals Monitoring Office (PMO), Dr. Olugbemiga Aina, is aimed at enforcing accountability and strengthening institutional governance across the state. Dr. Aina's goal is to ensure that all agencies operate efficiently and transparently.

Dr. Olugbemiga Aina, who was appointed by Governor Babajide Sanwo-Olu, has been instrumental in driving the reforms in the state's parastatals. He has experience in public administration, which helps him identify areas of leakages. Aina can implement measures to curb them. He made these remarks during the 2026 ministerial press briefing to commemorate the seventh anniversary of Governor Babajide Sanwo-Olu and his deputy, Dr. Obafemi Hamzat.

The PMO has embarked on aggressive institutional reforms designed to improve efficiency, transparency, and financial discipline across Lagos State agencies, parastatals, and government-owned companies. These reforms align with the Sanwo-Olu administration's T.H.E.M.E.S+ agenda, which is aimed at building resilient institutions capable of delivering sustainable governance and improved public service. They're focused on creating a better system.

"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. He didn't hesitate to emphasize the importance of these guidelines.

The PMO's reforms include the monitoring of 80 revenue-generating agencies through the Parastatals Revenue Generating Meeting (PARGEM). This platform tracks revenue performance, identifies leakages, and improves collection mechanisms statewide. The state carried out inspection and periodic evaluation exercises across 70 agencies in 2025. A fresh exercise covering 75 agencies is already ongoing in 2026.

The inspections focused on revenue performance and expenditure monitoring. They also covered pension compliance, project implementation, financial accountability, and adherence to government guidelines. The PMO conducted a large-scale project monitoring exercise involving 25 agencies. This exercise evaluated ongoing and completed government projects, identified delays, and ensured value for money in public spending.

The initiative was carried out in collaboration with engineers, builders, and architects from the Ministry of Works and Infrastructure. They guaranteed compliance with approved standards and specifications. Aina said the PMO additionally embarked on on-the-spot assessments of 50 agencies. They evaluated operational efficiency, succession planning, governance structures, and audited financial reports.

The government will continue to deepen reforms through stronger project monitoring, KPI-driven performance evaluation, and enhanced stakeholder collaboration. As the state continues to implement these reforms, it's expected that revenue generation will increase. The state will be able to provide better services to its citizens. They won't have to wait long to see the benefits.

The Lagos State Government's move to block revenue leakages and boost generation is a step in the right direction. It's expected to increase the state's revenue and ensure that citizens receive better services. The government's commitment to transparency and accountability is commendable. It's hoped that other states will follow suit. They don't want to be left behind.

As the state continues to implement these reforms, it's essential to monitor the progress. The desired results must be achieved. The citizens of Lagos State will be watching with keen interest to see the impact of these reforms on the state's economy and their lives. They're eager to see the changes.

The PMO's efforts to block revenue leakages and boost generation are part of a broader plan to improve the state's economy. The state's economy is the largest in Nigeria, and any improvements will have a significant impact on the country's economy as a whole. It's a complex process, but they're making progress.

The Lagos State Government's move to block revenue leakages and boost generation will have a positive impact on the state's revenue and the lives of its citizens. It's a significant step towards improving the state's economy and providing better services. The government's actions will benefit the citizens, and they won't be disappointed. The reforms will make a difference, and it's clear that the government is committed to making it work.