The Lagos State Government has stepped up oversight and performance monitoring across its parastatals and government-owned agencies as part of reforms targeted at improving revenue generation, accountability, and institutional governance.
The Permanent Secretary of the Parastatals Monitoring Office (PMO), Olugbemiga Aina, disclosed this during the 2026 Ministerial Press Briefing held in Alausa, Lagos.
Aina said the PMO had introduced extensive institutional reforms over the past year to strengthen efficiency, transparency, and financial discipline across state agencies, parastatals, and government-owned firms.
He explained that the reforms support the Sanwo-Olu administration’s T.H.E.M.E.S+ agenda and are intended to build stronger institutions capable of delivering sustainable governance and better 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.
According to him, one of the key reform measures involved monitoring 80 revenue-generating agencies through the Parastatals Revenue Generating Meeting (PARGEM), a platform created to assess revenue performance, block leakages, and improve collection systems across the state.
The permanent secretary disclosed that the state conducted inspection and evaluation exercises across 70 agencies in 2025, while another round involving 75 agencies is currently ongoing in 2026.
He said the inspections focused on revenue generation, expenditure tracking, pension compliance, project delivery, financial accountability, and adherence to government regulations.
“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 also revealed that the PMO carried out a major project monitoring exercise involving 25 agencies to assess ongoing and completed projects, identify delays, and ensure value for public spending.
He noted that the exercise was conducted alongside engineers, builders, and architects from the Ministry of Works and Infrastructure to ensure compliance with approved standards.
The PMO also conducted on-the-spot assessments of 50 agencies to examine operational efficiency, succession planning, governance systems, and audited financial statements.
Aina stressed that the state government would sustain the reforms through stronger project monitoring, performance-based evaluations, and improved stakeholder collaboration.