Why 102 Lagos parastatals remain reverence point- PMO

IBRAHIM QUADRI

Lagos State Parastatals Monitoring Office (PMO)  has said that 102 agencies and parastatals in the state are role models because they are looked up to.

The state government reiterated that its agencies and Parastatals became role models for others, because they are poised for effective performance, in terms of service delivery and revenue generation.

Briefing the press on Thursday as part of activities to mark   Governor Babajide Sanwo-Olu’s second term in office, the Permanent  Secretary, PMO, Mrs Adetutu Ososanya, stated that the major assignment of her office is to ensure the viability of the agencies and parastatals under it, in ensuring they meet their target.

She explained that the PMO do have Parastatals  Revenue Generating  Meeting (PARGEM) and the platform was created to provide a platform for close monitoring of activities of revenue generating Parastatals in a bid to identify and proffer solutions to issues hindering the generation of revenue in the state with the objectives of getting first hand information on revenue generated.

Also, PMO measures revenue performance vis-a-vis target, examine the effectiveness of strategies adopted by Parastatals in revenue collection and develops standardized methods of revenue collection.

She added that PARGEM meetings are held regularly to proffer collective solutions to agencies and Parastatals, identify non-performing Parastatals and improve processes, also to promote transparency in governance and assist the governor to make informed decisions.

Mrs Ososanya explained that PMO embarks on periodic evaluation of the agencies and Parastatals to determine income and revenue targets performance, according to the approved budget and as well as to identify Key Performance Indicators to drive better service delivery.

On sanctioning of the Parastatals or agencies, she said it is not in the character of her office to sanction Parastatals and agencies, but to identify the challenges they are facing and do a follow-up to ensure the challenges are overcome.

Ososanya stated that in order for the public to be conversant with the activities and roles of the agencies/Parastatals, it embarked on airing their activities in local languages on radio stations and the public also has opportunities to ask questions about their activities.

The Permanent Secretary said the PMO also partnered with the State Valuation Office to determine the value of public assets in the state that attract investments and enhance revenue generation.